AFRICA – Two African startups, OkHi from Kenya and ThankUCash from Nigeria have been into the Hong Kong-based Betatron accelerator, securing access to mentorship and funding.

The Hong-Kong based accelerator program revealed that the two African startups were among the 9 startups selected from an applicant list of more than 2,500 startups.

The other seven startups in the programme hail from France, India, the Philippines, Poland, and the United Arab Emirates (UAE).

OkHi, provides a digital addressing network that turns a user’s mobile phone into their physical address.

The Kenya based startup recently raised a US$1.78 million in a funding round supported by the London-based Angel Investment Network to expand its team and grow operations in other African countries.

 Nigeria’s ThankUCash, on the other hand was launched a rewards and loyalty platform that helps customers access deals and businesses better understand consumer spending patterns.

Having taken part in the 26th edition of the Silicon Valley-based 500 Startups accelerator earlier this year, the Nigerian multi-merchant rewards startup secured a funding from 500 Startups mentor Brandon Drew

Brandon Drew who had previously served as an advisor and board member to companies such as Vidcaster, Signal Zero and Lotadata also joined the startup’s board as an advisor at a time when it prepares to expand internationally.

Simeon Ononobi, chief executive officer (CEO) of ThankUCash while expressing his gratitude to Betatron said, “our acceptance into the Betatron Cohort 6 Accelerator Programme further shows that we are on the right path as a company.”

He further noted that, the startup’s mission of helping businesses prosper by connecting them with customers is clearly a shared one regardless of geography and this has reflected in the traction we have receiving from investors and partners.

Founded in 2016, Betatron is an investment firm that runs an annual four-month accelerator programme to help companies expand their operations into Asia and secure funding.

The programme provides up to US$500,000 funding for each selected startup, as well as mentorship and guidance to ensure a seamless expansion process.

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