Business Africa Online

Truzo is an independent escrow service provider that enables buyers and sellers to transact anywhere, via any device in a safe and secure way. The company was established out of a deep desire to ensure buyers and sellers aren’t scammed and to spur economic growth in Africa.

Standard Bank Invests in 2 African Tech Start-ups

Standard Bank invests in 2 African tech start-ups to be scaled across Africa in Founders Factory programme. 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.


Corporate-backed accelerator and incubator Founders Factory Africa has announced that it has accepted four new startups to its Venture Scale programme, which kicked off yesterday. Founders Factory Africa announced in a statement yesterday that it was welcoming Truzo (South Africa), RedBird (formerly Redbird Health Tech, from Ghana), MVXchange (Nigeria) and WellaHealth (Nigeria) to the six-month programme.

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