Here are the African startups from Y Combinator’s Summer 2020 Demo Day

by | Aug 26, 2020

Divided into winter and summer batches, US seed accelerator, Y Combinator (YC) invests $150,000 yearly in selected startups in exchange for 7% equity.

However, starting from next year, the ticket size will reduce to $125k for the same amount of equity.

Usually, these startups spend three months with the San Francisco-based accelerator before finishing off their activities with a Demo Day.

But things have been slightly different this year due to the coronavirus pandemic. While the 197 startups from the Winter batch had participated in some sessions in the Valley, they had to virtually pitch their startups to investors on Demo Day as YC shifted its usual physical gathering event online.


It’s a similar case with this summer batch, making it YC’s first fully-remote cohort. With the event spanning two days, 98 companies pitched on August 24, and 94 companies, the following day.

Out of the 192 companies in total, here are the five African and Africa-focused companies that participated in YC’s Summer 2020 Demo Day.

Sakneen (Egypt)

With the moniker “Zillow for Egypt”, Sakneen was founded in 2019 by Ramy Khorshed and Hussein El Kheshen. The startup helps real estate developers and sellers connect directly with potential buyers.

Sakneen wants to reduce challenges like lack of financial transparency, disorganised public information, that makes real estate purchase in Egypt difficult. So far, it has been able to build a database of 80% of Egypt’s new housing supply.

Afriex (US, Nigeria)

Founded in 2019 by Tope Alabi and John Obirije, Afriex helps immigrants send money to their countries.


According to its YC profile, Afriex uses stablecoins to offer remittance services to its customers. Right now, Afriex is processing about $500k per month and is being used in over 30 countries.

MarketForce 360 (Kenya)

Tesh Mbaabu and Mesongo Sibuti founded MarketForce in 2018. The Nairobi-based startup helps FMCG companies manage their field sales activities as well as grow their distribution channels in Africa.

Since launching, MarketForce has raised $500k in seed funding. Also, the startup has 40 paying FMCGs, 50k+ retailers using its platform while processing $250m in transactions to date.

Thndr (Egypt)

Thndr is an investment platform that allows people to invest in stocks, bonds and funds without charging commission. Recently, it received a brokerage license to operate in Egypt and begin offering its users access to The Egyptian Exchange.

The Cairo-based startup was founded by Ahmad Hammouda and Seif Amr.

Ramani (Tanzania, US)

Founded by two brothers, Calvin Usiri and Iain Usiri, Ramani is an application for salespeople to track their inventory, register customers and record sales transactions.

According to its YC profile, the Tanzanian startup was launched this year. So far, it has 5 beta customers transacting with 380 merchants and has recorded $80k worth of sales.

Tage Kene-Okafor
Tage Kene-Okafor

Endlessly amused by technology. @ulonnaya

Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

Notify of
Inline Feedbacks
View all comments

Recent News

Reclaiming stolen African artefacts

Reclaiming stolen African artefacts

On #TechpointDigest, Victoria Fakiya (@latoria_ria) discusses how Traction wants to stop fake alerts, Canza Finance’s journey, Esaal’s $1.7m seed round, and JABU’s $15m series A.

[PODCAST] Relooting African art with NFTs

[PODCAST] Relooting African art with NFTs

What do you think about an NFT project that wants to reclaim Africa’s lost artefacts? Well, the editorial team had some interesting thoughts, and you can listen to this and other stories on today’s episode of #TechpointAfricaPodcast.

$2 million to drive learning via WhatsApp 

$2 million to drive learning via WhatsApp 

On #TechpointDigest, we discuss how major players in the African mobility space can change the mobility narrative, FoondaMate’s $2 million funding, Twitter Create, and AMP’s $5.6 million seed round.

[PODCAST] Taxing calls to give you healthcare

[PODCAST] Taxing calls to give you healthcare

The Nigerian government wants to tax phone calls to provide better healthcare. In today’s edition of the #TechpointAfricaPodcast, we discuss possible implications and upsides to this.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap