Nigerian Fintech Startup Awabah Joins Techstars London Accelerator Programme
Summary
Awabah, a Lagos-based digital platform that provides pension access to Africa’s self-employed, has been accepted into the Techstars London accelerator program. The startup is dedicated to providing micro-pension services to those working in the informal sector and whose employers are not legally required to deduct and remit pension contributions. In July 2021, Awabah secured $200,000 in angel funding from early-stage investors such as ODBA and Co Ventures, as well as Correlation Capital. “Awabah in simple terms is an aggregator of wealth creation tools that are sorely lacking on the continent. We onboard the financial service providers, break their products into bite size chunks, sprinkle a bit of the Awabah magic on it, and give this leverage to our customers.