Facebook’s accelerator programme in Nigeria popularly known as the FbStart Accelerator has announced the startups partaking the programme for 2019. Among the FbStart Accelerator’s class of 2019 is Ghana’s own Appruve.
Appruve is the only Ghanaian startup making the final list alongside 11 Nigerian startups chosen for this year’s FbStart Accelerator programme. These chosen startups will be in the programme for 6 months and afterwards receive $20,000 of equity-free funding.
Appruve is a finance systems-focused Ghanaian tech startup. It offers a financial data application programming interface that is used by financial services to keep and verify the identities of their customers. The API from Appruve is also used to analyse transaction data from bank and mobile money accounts. Paul Kwesi Damalie is leading the Appruve team in the 2019 FbStart Accelerator programme in Nigeria.
Adaora Ikenze, Facebook’s Head of Public Policy for West Africa, commented on the programme as she expressed the eagerness to be returning with a second instalment of the programme. “We’re delighted to be bringing this programme back for a second year to NG_Hub, and for the very first time including Ghanaian innovators,” she said.
Ms Ikenze continued that “The success of last year’s programme, which saw the graduating teams cumulatively raise over $400,000 in investments and grants as at April 2019, reinforces the amazing talent pool and ground-breaking solutions we see being created from across the continent and here in Nigeria. Young innovators using cutting edge technologies to build solutions that are both locally and globally relevant.”
In the 6 months run of the programme, all selected startups will be given free access to business and technical mentors from Facebook and CcHUB, which is one of the top technology innovation centres in Nigeria. The startups will also be given free working space at NG_Hub located in Yaba, Lagos.