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Kenyan Fintech Firm Kwara Among African Startups Selected for Norrsken Impact Accelerator Program

Story Highlights
  • The 20 startups will receive $100,000 upfront investment, and an opportunity to pitch to 150 investors at demo day.
  • Norrsken Impact Accelerator is is a €125 million pre-seed accelerator investing in the best startups solving the world’s biggest challenges.
  • Selected startups are taken through an 8-week program where nicorn founders and serial entrepreneurs offer tailor-made support

Kenyan fintech firm Kwara is among the twenty startups, with eleven from Africa, selected to join the Norrsken Impact Accelerator.

Norrsken Impact Accelerator is is a €125 million pre-seed accelerator investing in the best startups solving the world’s biggest challenges. The program targets early-stage startups that leverage technology to create and scale innovative solutions to new and old societal and environmental challenges.

Selected startups are taken through an 8-week program where nicorn founders and serial entrepreneurs offer tailor-made support. The program concludes with a pitch in front of 150+ top international investors such as Accel and Norrsken VC.

“Norrsken has proven to find and accelerate high-impact startups with unicorn potential and we are honoured to participate this year. Following Kwara’s rapid growth and international presence, we are certain that the close interaction and mentorship from founders of unicorns such as Klarna, Truecaller and Oatly will ensure Kwara learns from the very best as we chart our path to the top.” Cynthia Wandia, Kwara’s CEO, said.

Other startups joining the program include Africa AI Labs, Arnie, Asilimia, @CemVison AB, Cling Systems, Complete Farmer, CribMD, Gradely NG, Kadi Africa, Molecular Attraction, MyPick, Nash, Nilus, PesaChoice LLC, Sensegrass, Wala Digital Health, Wellahealth, Simbi and Xilinat.

This is not the first accelerate program Kwara has been selected to join this year.  A few weeks ago, the startup was also among the five startups selected to take part in the first-ever JICA Ninja Accelerator. The accelerator is aimed at connecting Kenyan startups to Japan.

The program is powered by Japan International Cooperation Agency (JICA), in partnership with Double Feather Partners (DFP), Deloitte Tohmatsu Venture Support (DTVS), Deloitte Tohmatsu Financial Advisory (DTFA) and GrowthAfrica, and further supported by 500 Startups.

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Nixon Kanali

Tech journalist based in Nairobi. I write about tech, business and African startups. Founder and Editor For TechTrendsKE. Nixon is also the East African tech editor for Africa Business Communities. Send tips to nkanali@techtrendske.co.ke.

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