More Interests in African Web3 Startups as GreenHouse Capital and EMURGO Africa sign Partnership Deal

GreenHouse Capital and EMURGO Africa have signed an agreement to collaborate on building an investment and advisory platform focused on fintech and cryptocurrency startups in the Middle East and Africa. As per the agreement, the two firms will co-invest in blockchain, Web3, and fintech startups. 

EMURGO Africa is a subsidiary of Cardano’s founding organization, EMURGO, while GreenHouse Capital is a leading fintech investment fund in Africa. 

Bunmi Akinyemiju, CEO of GreenHouse Capital
Bunmi Akinyemiju, CEO of GreenHouse Capital

The statement released on April 26 highlighted that African startups raised more than $5 billion in funding in 2022, with the majority coming from the fintech sector. Additionally, blockchain raised a significant amount year-on-year. 

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Yosuke Yoshida, co-CEO of EMURGO Middle East & Africa, stated that Africa has the world’s youngest population and one of the world’s fastest adoption rates of blockchain. Yoshida believes that these factors will drive Africa’s technological revolution in the years to come, led by fintech and Web3 technologies. 

Bunmi Akinyemiju, CEO of GreenHouse Capital, said, “We’ve been working together for over a year now, co-investing in best-in-class companies such as Busha, ScaleX, and Bitmama. We at Greenhouse are thrilled to be taking our partnership to the next level by solidifying how we work together to drive adoption of Web3/Blockchain and crypto by governments, private enterprises, and individuals.” 

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The partnership aims not only to invest in innovative Web3 projects but also to provide advisory services to ensure that selected projects grow in global marketplaces.

EMURGO Africa Web3 EMURGO Africa Web3

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard

GreenHouse Lab Launches Pan-African Fintech Accelerator

Bunmi Akinyemiju, founding partner of GreenHouse Capital

Nigeria’s GreenHouse Lab, the flagship accelerator programme by the VC firm GreenHouse Capital has opened applications for a pan-African fintech accelerator, which will offer startups access to mentorship and funding opportunities. GreenHouse Capital was founded in 2014 as a leading African fintech investment fund and platform focused on supporting early-stage companies and world-class emerging market entrepreneurs building the next wave of innovative technology companies.

Bunmi Akinyemiju, founding partner of GreenHouse Capital
Bunmi Akinyemiju, founding partner of GreenHouse Capital

GreenHouse Capital has since inception invested in leading companies like Flutterwave, MAX.ng and Wallets Africa, and believes in “founders backing founders” and is home to Africa’s leading accelerator programmes for women-led and fintech startups.

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Powered by Google for Startups, GreenHouse Lab is the acceleration arm of GreenHouse Capital, and has accelerated 15 leading African startups since its inception. The six-week programme will bring together the most innovative African startups, accomplished tech founders, global investors, and world-class corporate partners.

The accelerator represents GreenHouse Capital’s vision of “founders backing founders” and the importance of uniting Africa’s startup and founder ecosystem. To support these visions, the accelerator will include exclusive mentorship sessions with the founders of Y Combinator-backed companies including Tesh Mbaabu from MarketForce, Abdul Hassan from Mono, and John Oke from Wallets Africa. These founders will share their stories, advice, and skills with the next generation of innovative startups.

In addition to mentorship and seminars on key aspects of startup development, the accelerator will host virtual deal days with global investors and connect programme participants with GreenHouse Capital and Venture Garden Group’s global investor and corporate network.  

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Programme participants will also receive product credits from Amazon Web Services and Google for Startups, as well as an exclusive public relations strategy session with InsiderPR.

Speaking of the programme, Bunmi Akinyemiju, founding partner of GreenHouse Capital said that “The launch of the GreenHouse Lab Fintech Accelerator marks a crucial step for the startup and venture capital industry in Africa. This programme will bring together the most innovative and exciting startups across Africa, as well as the leaders of some of Africa’s great success stories. Our goal with GreenHouse Lab is to create a platform for accelerating African and emerging market startups into world-class companies that can continue to compete on a global scale and attract global capital.”

Interested applicants are advised to visit https://vc4a.com/greenhouse-capital/greenhouse-lab-fintech-accelerator-2021/ before July 18, with the programme kicking off in August.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry