These 5 Nigerian Start-Ups Managed To Get Selected For The Labs By ARM Accelerator
These 5 Nigerian Start-Ups Managed To Get Selected For The Labs By ARM Accelerator. Five Nigerian fintech start-ups have been accepted into the third cohort of the Labs by ARM accelerator programme, designed to support the best post-MVP start-ups solving the most challenging problems in the financial industry and enterprise.
According to Disrupt Africa, the five selected start-ups are Pass, which is building the fastest one-clock login and checkout for digital commerce; Bongalow, which helps Africans everywhere to shop for affordable home financing solutions from the comfort of their homes; Plumter, which is providing instant, multicurrency accounts for easy local and diaspora banking; Breeze, a payment system that provides Nigerians with forex liquidity needed to trade and transact globally; and House Africa, a digital platform that helps financial institutions and individuals validate properties before investment or purchase.
“I am very pleased with this cohort’s selection of start-ups and believe, given they adhere strictly to the programme, these are the solutions we can expect to transform the fintech and enterprise solution space in Nigeria and for its diaspora,” Mohamed Felata, programmes director at Ventures Platform told Disrupt Africa.
It is run by Asset and Resource Management (ARM) and Ventures Platform. Labs by ARM 3.0 is designed to engage post-MVP Fintech start-ups in a series of activities aimed at exponentially advancing the growth of their companies within a short time frame, and ensuring their investment-readiness. Selected start-ups will be provided with financial investment, distribution and access to investors. For this edition, it is looking for post-MVP start-ups that offer Fintech or enterprise solutions. These start-ups should have a well-rounded, complementary team for product vision (what to build), technology (how to build it), and business (how to make money from it). It is also interested in solutions that will help the African diaspora access local services for themselves and their families.
During the 12 weeks, it will work intensively with each start-up virtually; primarily on product, market, and team to get them in the best shape possible. It will provide them with access to the ARM network, deals from select partners, and carefully selected mentors from the fintech industry who will provide hands-on support and valuable introductions.
