Y Combinator’s 2021 Summer Bundle includes 377 startups from 47 countries. This is the famous accelerator’s 33rd Demo Day and holds the largest cohort to date. YC S20 had 198 startups, a 90% increase from last year.
About half of the companies represented are based outside the United States. The most represented countries (excluding the United States) are India, with 33 startups; the United Kingdom, with 18 startups; Mexico with 17; Singapore with 12; and Canada and Brazil, 11 each.
While the Demo Day for this year’s winter batch was held in one day, it is two days for this summer batch. Today, 189 companies will pitch, the others will pitch tomorrow.
African startups also dropped from 10 in the winter batch to 15 this time around, a record for African startups in a single YC cohort.
“This is the biggest jackpot we’ve ever funded and it’s about 50% international. As a result, it’s no surprise that this is Africa’s largest cohort, ”Michael Seibel, managing director and arptner of Y Combinator Group, told TechCrunch when asked if a factor additional contribution had contributed to the increase in the number of accepted African startups.
Another valid reason for the rise could be that YC is receiving more applications from Africa due to the recent successes of Paystack and Flutterwave. At least that’s the point of view shared by Kat Mañalac, outreach manager at YC.
“Alumni are always the best spokespersons and representatives of YC. Many of the African founders (and future founders) I have spoken to have been encouraged to see Paystack doing so well and being won. The success of many of our African alumni prompts more African teams to apply, ”she told TechCrunch.
Nigeria leads again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Here is the list of African startups that reached YC S21 in alphabetical order.
Africa has the lowest insurance penetration rates in the world. In Egypt, the insurance penetration rate is a tiny 1%.
Amenli, founded by Shady El Tohfa and Adham Nauman in 2020, addresses an untapped $ 2 billion market, being the country’s leading licensed online insurance broker.
A wave of disruption in the digitalization of informal retail stores is sweeping through emerging markets this year, and Chari is joining the action.
Sophia Alj and Ismael Belkhayat founded Chari in 2020. The company allows traditional retailers in Morocco and parts of North Africa to order consumer goods through its platform and provides free delivery to their stores. Chari has a fintech side by providing credit to these retailers.
Neobanks have taken the world by storm and Africa is the last frontier for this brand of fintech innovation. Fingo offers an alternative banking brand for African millennials, starting with Kenya.
Founded by Kiiru Muhoya Gitari Tirima James da Costa and Ian Njuguna in 2020, the digital bank claims to offer fees 90% cheaper than traditional banks in Kenya, among other services.
FloatPays (South Africa)
In South Africa, up to 5 million employees borrow money to cover their monthly needs when they run out of wages. However, the loan options for these employees come with outrageous interest rates.
Simon Ward founded FloatPays in 2019 as an on-demand salary access platform to help employees access, spend, save and manage their money.
Managers of delivery companies manage hundreds or thousands of delivery points every day. With a fleet made up of many trucks or vans, it is necessary to file a daily delivery plan for each at different locations. How do they optimize both costs and efficiency?
Enter Freterium. The company enables contractors, manufacturers, distributors and logistics providers to plan and optimize their B2B or B2C shipments while providing a cloud platform for real-time visibility of shipments, logistics infrastructure and seamless collaboration that breaks silos. traditional organizational structures. Omar El Kouhene and Mehdi Cherif Alami founded Freterium in 2018.
Infiuss Health (Nigeria)
Large numbers of Africans are exempt from clinical research studies due to time constraints. According to reports, it can take up to ten months to conduct such studies in these climates.
Infiuss Health says it is building a decentralized platform for remote research and clinical trials in Africa. How? ‘Or’ What? By directly connecting researchers to patients who want to participate in clinical research studies in less than a week.
The company was founded by Melissa Bime and Mbah Charles in 2020.
Limonade Finance (Nigeria)
There are millions of African immigrants in Europe and North America. Some have established businesses in these two regions as well as in Africa.
In another digital banking game, Lemonade Finance provides multi-currency accounts to these migrants to enable seamless banking transactions and operations. The company was founded by Rian Cochran and Ridwan Olalere in 2020
Mecho Autotech (Nigeria)
Repairing your vehicle can be a laborious process in Africa due to price and quality issues. The latter is because many of these professionals (mechanics) are not vetted.
Ayoola Akinkunmi and Olusegun Owoade launched Mecho Autotech in 2021 as an on-demand auto maintenance and repair platform. Mecho Autotech has created a network of approved mechanics, and through an app, car owners can book and pay for their services.
Like its predecessor on this list, Odiggo connects car owners with mobile mechanics in the Middle East. On the platform, car owners can also access additional services, including car washing and maintenance.
Although Odiggo is listed as a Dubai-based company in the YC database, it is originally from Egypt and initially started operations in this North African country.
Access to credit is still a problem for the millions of small and medium enterprises in Nigeria, which make up most of the businesses in the country.
Founded by Zach Bijesse, Uche Nnadi and Chioma Okotcha in 2019, Payhippo offers loans to businesses that cannot normally get loans or credit cards from banks or other financial institutions.
Water and power utilities incur losses from leaks and theft as they open up new sources of revenue in emerging markets.
Pylon acts as an infrastructure management platform for these distribution companies and helps reduce these losses. It was founded in 2017 by Ahmed Ashour and Omar Radi.
When merchants start to grow their ecommerce business, it can be difficult to manage end-to-end delivery and fulfillment needs. In Egypt, several platforms are already offering solutions to this ever-growing need, and ShipBlu is added to this list.
Founded by Ahmed ElKawass, Abdelrahman Hosny and Ali Nasser in 2020, ShipBlu claims to offer a full range of delivery services for online merchants from overnight to delivery to delivery in five to seven days.
Another game of digitizing informal retail stores, this time from Nigeria. Suplias is a B2B marketplace where mom-and-op stores in Africa buy inventory directly from manufacturers using a mobile app.
The company was founded by Stephen Igwue, Michael Adesanya and Sefa Ikyaator in 2019.
African fintechs are in the business of providing virtual and physical cards to their customers. However, it is not easy and cheap when done in partnership with banks.
Union54 is an alternative and provides them with an API to issue debit cards cheaper and faster. It was founded by Alessandra Martini and Perseus Mlambo in 2021.
Biotechnology Yemaachi (Ghana)
Yaw Attua-Afari, Yaw Bediako, David Hutchful and Joyce Ngoi founded Yemaachi Biotechnology in 2020. The idea of the startup is to diversify precision cancer diagnostics and treatments across the continent, starting with Ghana.
An estimated 752,000 new cancer cases, or 4% of the global total, occurred in sub-Saharan Africa in 2018. Yemaachi works to reduce the burden of cancer causes by creating optimized molecular diagnostics for all Africans.