4 African blockchain startups have received funding and incubation from CV Labs
Four African blockchain startups have been selected to participate in the CV Labs global incubation program run by venture capital firm CV VC, securing $ 125,000 in funding and additional support.
CV VC, based in Switzerland, funds the seed and incubation program, CV Labs, for its global technology team in exchange for a stake.
The company is now expanding in Africa in partnership with the Swiss Economic Secretariat (SECO), where CV VC aims to develop the first blockchain generation accelerator in Europe and invest in 100 startups over the next four years.
Pioneer in the field, four African startups were selected to join CV Labs Batch_03, which had access to an incubation program with four training blocks in three months and $ 125,000 financially.
The four selected startups are Mazzuma from Ghana, an international money transfer and mobile finance platform. Nigeria’s HouseAfrica, A Digital Heritage Assessment; the Egyptian Pravica, fair communication for trade; and CARMA in Nigeria, a peer-to-peer information company for non-bank people.
The program, which also includes BlockFrauds (UK) and CO2DAO (Switzerland), recently launched “Africa Week” in collaboration with CV VC partners Binance Smart Chain, University of Johannesburg and Cape Innovation and Technology Initiative. Starts in Cape Town and Johannesburg for a week.
CV Labs has incubated 22 international startups and Gideon Greaves, Director of CV VC Africa, is delighted to work with SECO to see the fruits of a project evolving towards the development of an independent blockchain ecosystem in Africa.
“We have had a lot of success from the start and Africa is very happy! We have been supported by more African startups than any other country in the world. I believe Africa has taught us the real use of blockchain and the time of inclusion, “he said.
HouseAfrica co-founder and CEO Nnamdi Uba said the startup has decided to participate in the project through CV VC. Of course, it changed people’s lives. ” “At HouseAfrica, we are developing a process in which all asset transactions are documented in a safe, transparent and secure manner.
Nigeria is a country where data is still largely accurate. Writing and blockchain technology have the potential to We are delighted to be part of the incubation program of CV Labs, the largest design incubator and maker of blockchain ecosystems in Europe, ”he said.
