Aidi Africa, an African venture builder has partnered with Amazon Web Service (AWS) to accelerate early-stage African startups to help grow their businesses to attain investor-ready status.
AWS provides startups with benefits which include, AWS support plan credits, and training. Aidi Africa has also provided support, through its angel syndicate, to startups which include Bumpa, Cova, Nigenius, Swipe among others.
“The firm is looking to double down on its accelerator program twice every year while focusing on establishing partnerships between its startup alumni community and large corporations, both within Africa and across Silicon Valley,” Tolulope Obademi, Senior portfolio manager at Aidi Africa.
Being an African founder-focused accelerator, Aidi teamed up with Amazon Web Service last month to begin a 4-week program to get African startups market and investor-ready.
These companies were trained by other successful industry founders and professionals around business concepts which include culture building, product scaling, and the art of fundraising.
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So far, Aidi has been successful in supporting its startups on their journey into major global accelerators, as well as guiding them through the process of raising over $8 million in funding, with valuations of about $70 million.
The startups that are beneficiaries of this initiative include Moni, a lending platform that enables mobile money agents to receive a cash advance online with the use of a social accountability model to build their credit history;
MediSpark, a Nigerian unified health-tech startup building solutions that connect and power businesses in the African health sector;
Zemo, a Kenyan-based fintech that allows businesses to eliminate wasteful & fraudulent spending, as well as access cashflow credit using its unique credit card service; and
Vite, a South African provider of innovative software solutions that simplify how people find and book local taxis and access delivery services.
Aidi Africa was founded in 2019 by a group of African founders which include, Deborah Gbolade of Aidi Ventures, Ham Serungoji of Chipper Cash, Emmanuel Gbolade of Termii, Tayo Oviosu of Paga, Francis Osifo of 54gene, Francis Sanni of Magic, and Emmanuel Okeleji of Seamless HR.
Aside from AWS, other companies who have given their support toward Aidi’s initiative include Hatch -an arm of Digital Ocean, FirstBase, Brex, and Mercury.
With the current impact Aidi has on African start-ups, the team still expects to partner with more organizations before the end of the year to accelerate more businesses, as well as increase the number within its angel support community.
