Kenya’s Fintech Eyes Funding At 2020’s AfricaTech Challenge

Kenya’s health fintech company, Mama Prime is among 11 startups selected for possible funding at this year’s AfricaTech Challenge organized by the global drugmaker, Sanofi whose online pitch will take place on June 11.

The Sanofi AfricaTech Challenge had received 268 applications from 34 countries from across Africa and a winner for each of the four challenges will be announced at the end of the pitch.

The call for application for the Sanofi AfricaTech Challenge was made back in February.

AfricaTech is a lab dedicated by Sanofi at VivaTech to encourage open innovation by African technology startups. The AfricaTech Challenge initiative is part of Sanofi’s strategy to promote entrepreneurship and development in the health sector in Africa.

Mama Prime is put in the Health Financing category and will go head to head with the fintechs Soso Care from Nigeria and JokkoSanté from Senegal who are in the same category:

MamaPrime is a fintech that enables mothers and their families to make pre-payments for their prenatal and postnatal care.

“The objective is to ensure that Sanofi is continually committed to encouraging innovation in Africa, improving access to healthcare and transforming the health ecosystem throughout the continent,” said the event organizers adding that Africatech Challenge now in its third edition received 268 applications from 34 African countries, being a 20pc

Kenyan innovators sent in 18 applications of the 22 applications emanating from East Africa– three from Uganda and one from Tanzania.

Out of the 11, four winners will be selected and their activities evaluated for possible long term partnerships with Sanofi to facilitate their upscaling as commercial enterprises.

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Nigel Jr.
As a tech enthusiast and expert, Nigel Jr. is dedicated to providing in-depth and insightful content on all things technology. With a background in online journalism, product reviewing, and tech creation, Nigel has become a trusted source for all things tech.

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