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Nigeria fintech accelerator selects five startups for third cohort

Labs by ARM is a fintech accelerator based in Nigeria

Labs by ARM

Labs by ARM is Nigeria’s post-MVP fintech-focused accelerator designed to support the best startups solving challenging problems in finance and enterprise. Five start-ups made it to the final selection based on their relevance to the program’s problem statement, product feasibility, and team strength. After several review stages and a pitch process, here are the 5 startups chosen to take part in the program.

Bongalow is a home financing solution aggregator helping Africans shop for affordable home financing solutions at the comfort of their homes. The startup was founded by Samuel Haruna, Abdulrahman Atta, and Kelechi Nwokocha. 

Breeze offers Nigerians forex liquidity for trading and transacting globally. The startup is founded by  Chimenem Nnwoka that connects Uganda to global financial systems.

Plumter offers instant, multicurrency accounts for easy banking by both locals and the diaspora. The mission is to drive cutting-edge technology that includes more Africans into the global economy.

House Africa is a digital platform that helps individuals and financial institutions validate their properties before they make purchases and investments.

Pass is building a one-click login and checkout solution for digital commerce.

The 12-week accelerator will start in March and run end with a demo-day in June. The startups chose will be fully engaged in several activities that advance their growth and assure their investor readiness. They will also receive $50,000 worth in equity funding, business advisory, and access to access to ARM’s API that ensures they receive free and discounted services.

You can find out more information on ARM by visiting their website


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