startups from africa (2013) following the savannah fund demo day in nairobi, kenya

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Startups from Africa As seen during the Demo Day of Afrikoin in Nairobi, Kenya November 2013

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African tech is big, and growing. Kenya, and capital city Nairobi, are one of the epicenter of tech and startups in Africa. After attending Afrikoin, a conference on mobile money and digital currencies, the Savannah Fund, an early stage VCs based in Nairobi, showcased 4 startups. Say hi to Zished (gifting for the diaspora, Ghana), Inforex (better forex information, Uganda), Instaid (Digitizing aid paper vouchers, Kenya) and Zatiti (mobile e-commerce websites for businesses, Kenya). We'll be publishing shortly our "Innovation Ecosystem" analysis of Kenya as well, and more is on martinpasquier.com blog

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Page 1: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

Startups from Africa

As seen during the Demo Day of Afrikoin in Nairobi, KenyaNovember 2013

Page 2: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

Innovation has no place in a global world, it’s everywhere

Innovation ecosystems can learn from one another

Local context matters and should be a source for innovators

This is why…

We’re on a world tour of innovation ecosystems!

We believe…

Page 3: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

A Demo Day in Nairobi

The Savannah Fund showcases 4 African start-ups

Page 4: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

4 start-ups from the Savannah Fund

• Founded by Mbwana Alliy• Operating from Nairobi in Africa• 9 startups in portfolio, 4 of which presented at Afrikoin 2013• Their website

Page 5: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#1 – Zatiti, “Powering mobile e-commerce”

• 81% of sellers in Kenya want a mobile e-commerce solution• Dev are hard to find, projects are expensive, and long

Page 6: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#1 – Zatiti, “Powering mobile e-commerce”

• Zatiti, a mobile e-commerce website builder with CMS• 98% Kenyans access the web through mobile

Page 7: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#1 – Zatiti, “Powering mobile e-commerce”

• Several revenue streams: 2% transaction fee, premium templates, domain name registration…

• Crafted to the local market (mobile payment)

Page 8: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#1 – Zatiti, “Powering mobile e-commerce”

• Meet the team! • Twitter: @Zatiti • Facebook: http://www.facebook.com/zatitiOfficial

David Njuguna• 11 years web

programmer & entrepreneur

Grace Kiburi• 4 years customer

support & E-commerce entrepreneur

Page 9: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#2 – Zished, “Celebrate special moments in Africa”

• Gifting from abroad to Africa is a pain• For Ghana only, 310 000 diasporans with 93 000 potential users (Pop.

aged 18-34)• $100 average order, actual commission 12.5% (Western Union)

Page 10: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#2 – Zished, “Celebrate special moments in Africa”

• Zished cuts down on intermediates and link up the gift to a delivery network directly

• Next steps: implementation of a Voucher app to send immaterial gifts

Page 11: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#2 – Zished, “Celebrate special moments in Africa”

• Potential market of diaspora/remittance is huge• Obstacles as well: how to ensure logistics/delivery?

Page 12: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#2 – Zished, “Celebrate special moments in Africa”

• Meet the team! • Twitter: @Zished• Facebook: http://www.facebook.com/Zished

Page 13: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#3 – Instaid, “Send Food & Medical Aid instantly”

• Distribution of physical aid & food suffer huge loss along the road: only $3.5bn out of $17.4bn of aid in Africa reach beneficiaries

• Beyond physical aid, “paper vouchers” also have low reach (33% of beneficiaries)

Page 14: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#3 – Instaid, “Send Food & Medical Aid instantly”

• Instaid is a platform for organizations to create, manage and distribute medical & nutritional e-vouchers on mobile

• Business model: Setup fees + maintenance/hosting & transaction fees

Page 15: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#3 – Instaid, “Send Food & Medical Aid instantly”

• Aid organizations have access to a dashboard to track voucher & redeem rates, payments

Page 16: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#3 – Instaid, “Send Food & Medical Aid instantly”

• Roadmap for 2014-2015: 5 organizations & 50 000 beneficiaries, online voucher transfers, Card-based solution

Page 17: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#3 – Instaid, “Send Food & Medical Aid instantly”

• Meet the team! • www.cardplanetsolutions.co.ke

Sam MasindeCTO

Rodgers MuhadiCEO

Evelyn Wangari Operations

Maryann MasitsaSales & Marketing

Page 18: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#4 – Inforex, “A Forex bureau networking system”

• Many gaps of information in Africa Forex can be filled• For a single forex request, price difference can be more than $100

Page 19: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#4 – Inforex, “A Forex bureau networking system”

• Inforex provides better visibility on rates without a need for “scouts”• Both individuals, companies & institutions can benefit from a better info

Page 20: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#4 – Inforex, “A Forex bureau networking system”

• Traders have a dashboard to gather info from the different Foreign Exchange bureau in the country/city

• Market size is $8bn of Forex deals in Uganda alone

Page 21: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#4 – Inforex, “A Forex bureau networking system”

• Roadmap for Inforex Africa: mobile app, partnerships with institutions and associations of forex bureau

Page 22: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

#4 – Inforex, “A Forex bureau networking system”

• Meet the team! • http://inforexafrica.com/

Page 23: Startups from Africa (2013) following the Savannah Fund Demo Day in Nairobi, Kenya

Thanks!

Martin Pasquier, for Rock my [email protected]