Nine startups in the first cohort of the Safaricom Spark Accelerator Program participated in an Investor Demo Day. This is a key milestone to show their growth and potential to investors.
The Investor Demo Day marks the final phase of the accelerator program. Helping startups attract funding from leading venture capital firms. Safaricom CEO Dr. Peter Ndegwa emphasized the company’s commitment to supporting innovation. He stated that technology is a driver of change and economic growth.
investors to the Spark Accelerator Investor Demo Day.
The participating startups include Health X Africa, Vunapay, BlackRhino VR, Twiva, Chpter, Churpy, Nobuk Africa, Faidi HR, and Chumz. They represented sectors such as Embedded Finance, SME Productivity, Digital Content, Healthcare, and Fintech.
The Safaricom Spark Accelerator is a partnership between Safaricom, Sumitomo Corporation, and M-PESA Africa, designed to help early-stage startups scale. It is implemented by iHub, with AWS, Vodacom, and PwC as supporting partners.
Additionally, Safaricom, Sumitomo Corporation, and M-PESA Africa announced that applications for the second cohort will open from April 1 to May 15, 2025. The program is open to early-stage startups in technology, fintech, the creative economy, and those enhancing SME productivity.
Selected startups will benefit from training, product development support, market access, and funding opportunities.
Launched after the restructuring of Safaricom’s Spark Venture Fund, the accelerator program is commits to fostering Kenya’s tech ecosystem by empowering early-stage startups to drive innovation and economic progress.
