• Latest
  • Trending
Investment accelerator program announces 15 startups

Investment accelerator program announces 15 startups

October 21, 2023
Innoson, Nigerian automaker, unveils plan to establish CNG assembly plant

Innoson, Nigerian automaker, unveils plan to establish CNG assembly plant

October 16, 2025
Spotify testing ‘SongDNA’ to show everyone behind your songs

Spotify testing ‘SongDNA’ to show everyone behind your songs

October 16, 2025
$395mn submarine cable project, Medusa, begins deployment to link Europe to Africa

$395mn submarine cable project, Medusa, begins deployment to link Europe to Africa

October 16, 2025
Chari raises $12M, gets Morocco’s first VC-backed payment license

Chari raises $12M, gets Morocco’s first VC-backed payment license

October 16, 2025
NCBA unveils ConnectPlus to improve businesses in Kenya

NCBA unveils ConnectPlus to improve businesses in Kenya

October 16, 2025
Slack supercharges Slackbot with smarter AI capabilities

Slack supercharges Slackbot with smarter AI capabilities

October 16, 2025
Gemini AI now handles your Google Calendar meeting scheduling

Gemini AI now handles your Google Calendar meeting scheduling

October 16, 2025
Sun King, REA partner to boost access to clean energy

Sun King, REA partner to boost access to clean energy

October 16, 2025
ChatGPT to allow erotica for adult users, Sam Altman says

ChatGPT to allow erotica for adult users, Sam Altman says

October 16, 2025
UNILAG partners with OpenAI to bring first African academy to Lagos

UNILAG partners with OpenAI to bring first African academy to Lagos

October 16, 2025
How Nigerian innovators are transforming lecture notes for the digital age

How Nigerian innovators are transforming lecture notes for the digital age

October 16, 2025
PayTabs, Valu launch contactless payment system for Egyptian merchants

PayTabs, Valu launch contactless payment system for Egyptian merchants

October 15, 2025
Techpression
Advertisement
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
Friday, October 17, 2025
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Investment accelerator program announces 15 startups

Modupeoluwa Olalere by Modupeoluwa Olalere
October 21, 2023
in Africa Tech News, Business, Business Strategy, Editors Pick, Entrepreneurship, Innovation, Startups, Tech News, Technology
143 7
0
Investment accelerator program announces 15 startups
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

FSDH Merchant Bank, the International Finance Corporation (IFC), and WEAV Capital announced 15 female-led Nigerian tech startups selected for the first cohort of the Female Founders Growth Programme, an Investment Readiness Accelerator programme that prepares female founders to secure investment capital and funding. 

The shortlisted entrepreneurs will engage in a 7-week Investment readiness curriculum from October to November 2023 that includes intense training to improve their business models and fundraising tactics.

They’ll also learn financial management, cash flow optimisation, and equity and debt funding preparation. Additionally, startups will have one-on-one business coaching sessions with experts in their field, consultations with seasoned subject matter experts from renowned global institutions, and an exclusive opportunity to participate in an Investor Pitch Day event to present their companies for potential investments and win a $10,000 non-equity prize.

The Female Founders Growth Programme is for female tech founders who have established a Minimum Viable Product and gained traction, solving essential problems in a field with high socio-economic growth potential.

RelatedPosts

HealthTech Hub Africa launches 2025 program for African health startups

HealthTech Hub Africa launches 2025 program for African health startups

January 5, 2025
Bolt announces Bolt Den Accelerator program

Bolt announces Bolt Den Accelerator program

November 21, 2023

Chenosis, Botlhale embarks AI project for all languages

October 26, 2023

Microsoft-backed FAST Accelerator Selects 12 African Startups

September 30, 2023
Load More

This initial cohort will learn from industry professionals and entrepreneurs who have founded and run successful tech firms.

Read also: Google Selects 11 African Startups for AI First Accelerator

The 15 female-led startups chosen after a rigorous and intensely competitive selection process represent an exceptional group of innovators with the potential to make significant advancements in the tech sector. They include:

Sycamore: a platform that makes it easy for businesses to access loans in record time.

truQ: an operating system platform for third-party logistics in Africa, making third-party logistics more innovative, faster and more efficient.

Regxta: helping people who don’t have bank accounts and small companies get online banking, business loans, and other services to help their businesses.

TownTalk: Developing a solid AI system to improve Nigeria’s supply chain resilience by offering real-time data analysis, car tracking, and cheap insurance.

Agriarche: digitizing the flow of commodities, trade and payments in the agriculture ecosystem.

Instollar: creating a Green Workforce Marketplace that links renewable energy companies looking for solar project skills with qualified freelance green energy workers.

Money Africa: offers training in financial literacy to middle-class and low-income earners and a platform for them to save money and earn interest on it.

Messenger: making the logistics ecosystem better by making it easier for people and businesses across Nigeria to fulfill orders and send them on the last mile.

Farmspeak: building technology that enables African poultry farmers to manage and monitor their farms quickly.

Hadi Finance: gives informal African retailers access to essential banking services and digital tools needed to do their jobs.

MyFoodAngels: enables easy access to food supplies through an online market that helps buyers and sellers by offering a site for shopping for and delivering fresh food. 

Earthbond: provides underserved Nigerian companies with access to dependable and reasonably priced solar energy.

Kunda Kids: is a publishing and media company that makes a wide range of books, animations, and digital learning materials for kids.

MaterialsPro: is creating an e-purchasing and supply chain tool for the building and construction materials business.

Terawork: is a one-stop shop for freelancers that helps talented Africans make money working from home worldwide.

Bukola Smith, Managing Director/CEO, FSDH Merchant Bank, praised the Female Founders Programme and its importance to FSDH’s assistance for the female sector.

She remarked, “We are thrilled to start this acceleration programme.” Female founders face stiffer funding. This training addresses a real need by preparing female founders for fundraising and financing. Leading, respected institutions like the IFC and WEAV Capital are also exciting to work with. The women will benefit much from this programme.

IFC Senior Country Manager for Nigeria Kalim M. Shah remarked, “In Nigeria’s thriving startup landscape, innovation holds the key to tackling pressing societal challenges. We promote female private sector participation at IFC. Empowering women entrepreneurs boosts economic growth, social progress, and business success.

By collaborating with FSDH Merchant Bank and WEAV Capital through the Female Founders Growth Programme, we aim to provide women-owned startups with the resources they need to grow.

Managing Partner of WEAV Capital, Amaka Okechukwu Opara, said on the programme that investing in female founders is smart economics to unlock the Nigerian economy’s full potential. Through this immersive investment readiness programme, we are helping female-led tech startups secure money and prove their bankability.

Microsoft-backed FAST Accelerator Selects 12 African Startups

FSDH MerchantBank

Nigeria’s leading merchant bank, FSDH Merchant Bank, offers Corporate, Business, Investment, Prestige, Custody, Treasury, and International Banking. FSDH Merchant Bank empowers businesses and boosts economic growth in Nigeria for 30 years with trusted and competent financial services.

The FSDH Women-in-Business Initiative supports Nigerian female-led firms and their founders. Capital, Asset Management, and Pensions are FSDH Group subsidiaries.

About IFC

The largest emerging nation private sector development institution is IFC, a World Bank Group member. We create markets and opportunities in developing countries using capital, experience, and influence in over 100 countries. 

In fiscal year 2023, IFC committed $43.7 billion to private firms and financial institutions in developing nations to eliminate extreme poverty and boost shared prosperity as economies battle global crises.

About WEAV Capital

WEAV Capital is a pre-seed and seed-stage accelerator and venture capital fund that only invests in and funds category-leading African startups run by women.

Tags: accelerator programFemale' program
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business
  • Home
  • About
  • Contact Us
  • Advert Rate
  • Terms & Conditions
  • Privacy Policy
  • SiteMap

© 2025 Techpression

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.