The Venture Scale programme at FFA provides African start-ups with £220 000 in tailored support services across product design, data science, engineering and business development, along with an additional financial cash investment of £30 000. The start-ups will also gain access to an exclusive partnership with Standard Bank to unlock access to distribution channels, customer acquisition, pilots, data, Intellectual Property and expertise.
The two start-ups that joined on 30 March 2020:
McCarthy says the businesses in the FFA portfolio are solving for everyday challenges experienced by consumers and small business owners across the continent; from last mile delivery logistics (Bwala), connecting farmers with access to markets (Foodlocker), enabling users outside South Africa to transact online safely across Africa (Truzo) and the digital networking of offshore support vessels (MVXchange).
Full Article on the STD Bank Website