Mainstack, a US-based finance firm that was co-founded by Ayobami Oyaleke, has made it into the league of the top 20 startups out of the 200 worldwide startups fighting for $100,000 in equity-free funding at the TechCrunch firm Battlefield competition.
Main Stack was able to make it into this league by finishing in the top 20 of the competition.
The start-up is the only Nigerian-led and possibly the only African-founded company to reach the top 20 stage.
Mainstack is a fintech that assists entrepreneurs and creators in showcasing their work to a worldwide audience and accepting payments from that audience. They can easily create a shop, generate invoices, and manage bookings with the help of this API platform, which does not require any coding.
The company’s headquarters are located in the United States, but it also has a branch in Nigeria. In April of 2023, it completed an unknown pre-seed funding round, and it is currently working on completing a seed funding round.
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Remark by Mainstack’s CEO
Ayobami Oyaleke, the CEO of Mainstack, shared his excitement: “Dear Mainstars, I am thrilled to share some exciting news with you all today. Mainstack has achieved a remarkable milestone in our journey to empower non-technical entrepreneurs and creators globally. I am proud to announce that Mainstack has made it to the prestigious TechCrunch Battlefield Top 20 with an incredible opportunity to present live on stage!”
“For those who may not be familiar with Mainstack, we are a platform designed to break down barriers for non-technical entrepreneurs and creators. We provide easy access to global payment options without the need to write a single line of code. Our mission is to enable business-minded creators from all corners of the world to showcase their work and receive payments from customers globally, all in a simple and highly secure manner, and all starting in mere minutes.”
“At TechCrunch Battlefield, we will have the opportunity to share our vision for Mainstack and demonstrate how our platform is revolutionizing the way creators and entrepreneurs conduct business. We will also showcase the simplicity and security of our payment solutions, emphasizing how Mainstack empowers individuals to focus on their passions and projects without the hassle of technical complexities.”
“We are immensely grateful for the trust you have placed in us and are excited about the future of Mainstack. As we continue to grow and evolve, our commitment to serving non-technical entrepreneurs and creators remains at the core of everything we do.”
“We look forward to further enhancing our platform, expanding our global reach, and helping even more individuals turn their dreams into reality. Thank you for being a part of the Mainstack Community. Together, we are redefining the possibilities for creators and entrepreneurs everywhere,” he concluded.
The complete speech can be accessed here.
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Startups by Nigerians in TechCrunch Startup Battlefield 200
In spite of the fact that Mainstack is the only Nigerian-led firm to have advanced to the final stage of the TechCrunch firm Battlefield 200, a wide variety of Nigerian-led startups participated.
Some examples of these startups are as follows:
Akowe is a young company that was established in the year 2020 by Ayodeji Agboola. Their mission is to harness the potential of blockchain technology in order to digitalize the process of certificate issuance and verification in Nigeria. In February of 2023, Agboola provided Techpoint Africa with the following quote: “In Nigeria, academic records are still manually maintained and are distributed in the form of tangible documents. The legitimacy of these documents can be difficult to establish due to the fact that there are additional physical processes involved.
Alusoft is an educational technology (edtech) platform that develops solutions with the primary goal of assisting students, schools, and parents. The software developed by this company, which is known as EduPorch, enables parents, schools, and students to communicate without any difficulty.
Bus54 is a startup in the mobility industry that aims to completely change the way bus travel is done in Africa. The company seeks to simplify the process of reserving buses, offer a software platform for transporters, provide funding to ensure access to fuel-efficient buses and accomplish all of these things simultaneously.
Famasi Africa is a firm that connects individuals and businesses to pharmacies through the use of a software platform.