Fintech startup Vectra has been named winner of the Cape Town leg of the global Seedstars World competition, booking a place at the regional final and giving it a chance of pitching for US$500,000 in equity investment at the global final.
Seed-stage startup competition for emerging markets Seedstars World is selecting national winners from all over the world, including around 30 African countries, and will take many of them to the Seedstars Summit in Switzerland next year to compete for funding and a host of other prizes.
It has already chosen winners in Kenya, Ghana, Tanzania, Egypt, Morocco, Senegal, Sierra Leone, Angola, The Gambia, Rwanda, the Democratic Republic of Congo (DRC), Cape Verde, Tunisia, Malawi, Cameroon, Mauritius, Uganda, Libya, Zimbabwe, Ivory Coast, Mozambique, Zambia, Mali, Botswana, Nigeria and Namibia, and held its Cape Town event yesterday.
Ten startups pitched, with digital commerce platform Vectra named winner. The startup – along with the runner-up, agri-tech startup Skudu – will now head to the Seedstars Africa regional summit in Johannesburg at the start of next month, where all the African winners will compete for an all-inclusive trip to the global final in Switzerland next year.
Vetted nanny platform NuNanny was third, and alongside beauty app Prim-U, which was awarded the title of best female entrepreneur by GIZ, will have the chance to attend workshops at the regional final.