11 African Startups to Receive $1.1 Million from the Norrsken Impact Accelerator 2021
Summary
In parallel, the data labeling sector is in significant need of low-income workers, but there is a lack of remote work infrastructure that is required to enable this work.In Sub-Saharan Africa, 80% of the economy is informal, which represents 150 million of small and medium-sized businesses. The lack of consolidated business data excludes them from formal financial services.This financial exclusion limits the ability for the region to achieve sustainable economic growth.Complete Farmer is a cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing farming and creating an end-to-end digital marketplace that enables global industries to source agriculture commodities, grown to their specifications, by users from all over the world using IoT, big data, and blockchain technology.The Nigerian health care system is in shambles, rife with fraudulent doctors and counterfeit medications and less than 5% of Nigerians have health insurance. Ghanas Kadi Africa aggregates short-term and long-term haulage projects and provides an AI/ML-based cost/risk prediction algorithm, payment API integration, and access to working capital to help them lower operating costs, reduce payment default risks, and speed up financial transactions.3 billion people are not profitable for fair capitalism, so they are un- or under-banked, leaving them vulnerable to predatory digital lenders, high risk pricing (justified by their thin credit files), data privacy abuse and public debt shaming.A digital banking platform for credit unions that turns any financial cooperative serving the unbanked into a digital bank, offering modern financial services at the last mile. For example, micro-financing schemes, which play a key part in financial inclusion, have to absorb huge costs in order to manage all the disbursal and payments channels for their relatively poor clients. This is a challenge throughout the African continent and developing world.Across Africa, 70% of people are paying out of pocket for their healthcare, which leads to a delay in accessing care and in turn has huge ramifications on public health.