ACCRA, Ghana — Five MEST Africa portfolio and alumni companies — Tendo, Shopa, GrowForMe, Curacel and Chekkit — have been named among 50 startups who will be receiving investment and support from Google’s Black Founders Fund.
The companies will be receiving up to $100,000 in funds, mentorship from Google experts, and Google platform credits as part of the investment.
The five selected MEST-affiliated companies are some of the most promising technology startups whose solutions are transforming retail, e-commerce, agriculture, insurance and e-health across the continent.
Tendo, one of MEST’s portfolio companies, enables social media users to sell online without investing any capital. The app allows resellers to browse through catalogues of products and gets as much information as possible. Resellers can then add their profit margins to the product and share on social media.
Shopa, another MEST portfolio company is a B2B e-commerce business that is digitising the informal retail supply chain in Ghana and beyond by connecting informal retailers to products and suppliers faster and ensuring better profits.
Chekkit is a blockchain technology company saving lives by protecting producers and shoppers from the harmful effects of counterfeit products. It was founded in 2018 by MEST alumnus Dare Odumade to offer consumer intelligence, anti-counterfeiting and provide manufacturers with a way to engage their consumers directly.
Grow For Me is a web based Agricultural crowdfunding platform that funds farmers to scale and grow more crops, using the income received from interested sponsors. The unique model is creating wealth and contributing to food stability particularly in the rural communities where mass urban migration is having a detrimental impact on the agricultural food chain. Grow for me was founded by MEST Africa alumnus Nana Opoku W. O. Agyeman-Prempeh.
The Black Founders Fund is a program by Google Startups which is supporting early-stage Black-founded startups on the African continent. It seeks to bridge the existing fundraising gap for Black startup founders in Africa’s fast-growing technology landscape. The program will allocate a non-dilutive $3 million fund across 50 investable startups in Africa. The startups also receive Google Ad Grants and Cloud credits, as well as support from experienced experts at Google.
MEST is an Africa-wide technology entrepreneurship training program, internal seed fund, and network of hubs offering incubation for technology startups in Africa. Our internal seed fund provides $50k to $250k in funding to help launch and scale early-stage companies. Since 2008, MEST has funded and provided incubation for over 80 technology startups that are focused on creating wealth and jobs on the continent.