Two Kenyan blockchain startups will be among the ten startups selected from the country to pitch to investors at the upcoming Seedstars World event in Nairobi.
Pesabase, a blockchain payment network together with Shamba Records, a blockchain-based data management platform, will each have an opportunity to pitch in front of an all-women judging panel during the closed-door event. It is the first time Kenyan blockchain startups have been selected for the competition.
This year’s edition of Seedstars, one of the largest startup competitions in the world, will be hosted by Nailab on June 28, 2019. The winning startup will receive an in an all-inclusive trip to represent Kenya at the Seedstars Africa Summit. In addition, they will also get a chance to compete for a $500 000 investment prize as well as three months access to an investment readiness program at the at Seedstars Global Summit.
Here’s a list of startups selected to pitch live at Seedstars Nairobi 2019.
Pesabase: Pesabase is a Kenyan blockchain startup using blockchain technology to provide remittance, payment and banking solutions in an effort to achieve financial simplification and inclusion in Africa.
Shamba Records: Shamba Records is a blockchain-based data management platform that combines big data and artificial intelligence to collect farm records as well as to track, identify and verify farm harvest.
Tanda: Tanda is a FinTech startup that provides micro-retailers with access to inventory on credit as well as essential services such as airtime, utility payments, mobile banking and insurance for their customers.
Julla: Julla is a point of sale financing company that enables users to purchase items now and pay later.
WorkPay: Workpay is employee management and payment solution with features that include biometrics, automated salary payments to banks and mobile wallets.
Lentera: Lentera combines data from ground sensors, drone imaging and satellite imaging to provide actionable insights that allow farmers to increase their yield and reduce the cost of production.
Ilara Health: Ilara Health makes common diagnostics accessible and affordable to the 500 million people in Africa who today struggle to access even basic blood tests.
Nurse-In-Hand: Nurse-in-Hand partners with county governments to offer first responder and home-based care services to geriatrics and pregnant mothers in Kenya.
Pezesha: Pezesha is a digital financial marketplace that facilitates credit scoring and affordable credit for the un-banked by connecting them with lenders.
Smatbeba: Smatbeba is a cargo hailing application and web-interface that links cargo owners to delivery vehicles.
For the first time in the history of Seedstars competitions, the Seedstars Nairobi will feature an all women jury panel. The head of Seedstars Africa Claudia Makadristo told Ventureburn that it is part of the organization’s efforts to increase women participation on all levels of the competition.
“We are extremely excited to work with this jury panel on selecting the most promising startup in Nairobi and we believe that the closed-door event format will allow us to ask some more sensitive and in-depth questions to the entrepreneurs.”
Makadristo also revealed that Seedstars received more than 700 applications from around the world which they narrowed down to the chosen 10.
Angel investor meetup
Seedstars will also, in collaboration with African Business Angel Network (ABAN), host an angel investor meet up prior to the event. The four-hour long meet will provide investors with a unique opportunity to network, share knowledge and gain insights into the workings of Seedstars and ABAN.
Blockchain regulation in Kenya
Kenya is rapidly emerging as one of the most blockchain-friendly countries in Africa. The country has become open to blockchain companies despite the fact that it has no frameworks for regulating blockchain technologies. Just like the rest of Africa, the Kenyan government continues to take a wait-and-see approach to the regulation of blockchain and cryptocurrency technologies.