The Spark Accelerator Program is jointly managed by Safaricom, M-PESA Africa, and Sumitomo Corporation. It supports early-stage startups in Kenya.
This initiative is designed to foster innovation and growth among visionary founders who aim to bring significant societal and economic change.
Selected startups
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Nine startups were chosen for this program, each excelling in different sectors:
- Chumz: This startup leverages gamification and behavioral psychology to encourage savings among users.
- Nobuk: A platform focusing on efficient payment collection and financial reporting for small and medium enterprises.
- Churpy: Specializing in payment reconciliation, Churpy aids in streamlining financial processes for businesses.
- Twiva: A social-commerce platform that connects brands with social media influencers to boost product visibility and sales.
- BlackRhino VR: Creates immersive and interactive stories using virtual reality, offering unique experiences in storytelling.
- VunaPAY: Provides digital financial services to smallholder farmers, supporting agricultural cooperatives.
- HealthX Africa: A primary healthcare provider using cloud-based platforms to deliver medical services.
- Faidi HR: An AI-powered HR platform offering smart communication solutions and payroll management.
- Chpter: Enhancing SME productivity by offering innovative tools for business growth and development.
Program benefits
Participants benefit from:
- Training: Workshops and sessions designed to enhance skills and knowledge.
- Mentorship: Guidance from industry experts to refine business strategies.
- Access to markets: Opportunities to connect with potential customers and partners.
- Go-to-market support: Assistance in launching products and scaling operations.
Strategic partnerships
These startups will have access to partnerships with major players like Safaricom and M-PESA. This paves the way for access to capital, product development support, and essential technology resources. The Spark Fund also provides investment opportunities to fuel further growth.