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. 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:

  • Truzo is a South African based web and app-based escrow platform enabling buyers and sellers anywhere to transact in a safe and secure way. FSCA (Financial Sector Conduct Authority) & PASA (Payment Association of South Africa) registered.
  • MVXchange from Nigeria is a tech-driven maritime logistics platform that matches vessel charter requests with available Offshore Support Vessels (OSVs) - the Uber for ships!

Full Article on the STD Bank Website