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10 Innovative Startups Selected To Participate In The 2017 Barclays Accelerator Program

10 Innovative Startups Selected To Participate In The 2017 Barclays Accelerator Program

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The Barclays Accelerator Program, powered by small and medium business empowerment organization Techstars, is a startup program of networking, mentoring and development, delivered through a 13-week accelerator program at Rise, Barclays Africa Group’s fintech innovation hub in Cape Town.

Selected from a large group of applicants that came from 50 countries, Barclays will continue to work closely with 10 chosen startups, who are addressing African problems, to explore promising new technology-based solutions that can benefit the financial services industry and their customers.

The final selection of startup companies that benefited from the 13-week program are from South Africa, Kenya, Israel, and the U.S. – with nine of the 10 involved in the fintech space, while one of the companies, Howler, is a platform for event organisers.

Here are the 10 innovative startups which were selected to participate in the 2017 Barclays Accelerator Program.

Sources: BankingTechnology, TechStars, BizCommunity, CNBC.

Community health workers display their mobile phones and solar chargers.
Photo: World Vision Sierra Leone

Sun Exchange

Sun Exchange allows anyone in the world to own or lease solar panels used to power African businesses and communities; earning them a solar powered income. The exchange allows for collaborative solar finance using blockchain.

eCOIDA connects employers, employees, medical providers and insurers. Photo: Thinkstock

eCOIDA

eCOIDA is an online insurance technology platform that enables an accurate workflow, fraud-free, and paperless claims-process for ‘injury on duty’ claims. The web-based platform brings together employers, employees, medical service providers and insurers through real-time and integrated processes that benefit all involved.

African economies
Kapitalwise predicts investment decisions for millenials. Photo: symbionics.net

Kapitalwise

The startup simplifies the investment process for millennials by automating their investment decisions using machine learning and predictive analytics with the aim of becoming an automated investment platform for banks and business partners in the digital age.

Spatialedge is perfectly suited for cloud based systems. Photo - Nepcol
Spatialedge is perfectly suited for cloud based systems. Photo – Nepcol

Spatialedge

By using a proprietary consumer database, Spatialedge verifies their clients’ customers by locating them, mapping them, and using advanced analytics to help them to drive targeted engagements with existing and prospective customers.

Howler helps event organizers with their tasks. Photo: Littlepinkbook

Howler

Howler is a platform that event organizers can use to optimise the planning, promotion, management and control of their events to create the ultimate guest experiences with minimal challenges.

Flexpay lets customers make payments over the long term. Photo: creditcardfinder.com.au

Flexpay

FlexPay Technologies offers an automated, accurate lay-by purchase platform that increases sales by enabling customers to afford goods and services by making payments more flexible. Customers can choose to pay for goods over varying periods of time.

Byte Money makes first-world fintech available in Africa. Image: cryptocoinsnews.com

Byte Money

South African startup Byte Money is a receipting and allocation business, which enables secure, verified and authenticated ‘agent collections’ and real-time reporting for the micro finance industry. The startup aims to revolutionise existing third-world payment channels and integrate them with first-world technologies.

agri-traders could improve liquidity in Africa
Avenews-GT connects wholesalers with food producers. Photo: Rebecca Bollwitt / CC BY-NC-SA/devex.com

Avenews-GT

Avenews-GT is a decentralised ecosystem for agricultural trade, providing a digital trading platform based on blockchain technology. Developed in Israel but with applications that can assist farmers in Africa, this startup connects food wholesalers to food producers directly, reducing distribution costs, creating financial security, and providing chain transparency.

FOMO Travel helps people to afford to travel with Africa's first lay-buy travel. Photo - FOMO
FOMO Travel helps people to afford to travel with Africa’s first lay-buy travel option. Photo – FOMO

FOMO Group

Playing on the acronym for the words ‘fear of missing out’, the FOMO Group is divided into two subsidiaries – FOMO Travel and FOMO Payments – which give people the ability to travel without getting into debt. FOMO Payments allows travellers to utilise a gamified, lay-by, interest-free payment solution to fund their next adventure.

The staff of Abe.ai are headed to the Barclays Accelerator in Cape Town. Photo - BusinessJournals
The staff of Abe.ai are headed to the Barclays Accelerator in Cape Town. Photo – BusinessJournals

Abe.AI

Abe.AI is an American artificial intelligence platform that streamlines customer interactions, helping banks provide superior customer service while reducing costs. They design artificial intelligence solutions for the banking industry, assisting banks to better engage and support their customers at scale.