This post was updated on 23 March 2017
We thought bill payment chatbot, Kudi was the only Nigerian startup in Y Combinator’s current batch; Winter 2017 (YC W17). We were wrong big time! As Demo Day approaches, all the startups are ‘launching’, including Nigeria’s Kangpe, BuyPower and Tizeti.
Its platform houses qualified doctors that users can ask health-related questions via SMS, mobile app and web 24 hours a day and get answers in a matter of minutes. Users pay a little fee for the service.
The startup currently operates in Nigeria as well as Ghana and Kenya, and has over 60,000 users.
BuyPower is an e-payment startup operating in the power sector. It allows customers with prepaid meters pay electricity/power bills from the comfort of their devices e.g mobile phones, laptops, PCs, et al, thereby saving them a lot of stress.
This is how it works: Customers visit www.Buypower.ng and register. They can then login, pay, receive token (pin) and recharge their prepaid meter.
The startup generates revenue, currently US$1 million per month, by charging power companies a percentage of every power purchase and a fifty cent fee for each transaction. It currently operates in Abuja, Niger, Nassarawa and Kogi states under the Abuja Electricity Distribution Company (AEDC).
Lagos-based Information Communications Technology (ICT) provider, Tizeti is on a mission of providing decent and affordable Internet connectivity to people living in urban areas.
The company is doing this by building Wi-Fi towers and offering users unlimited Internet access for US$30 (about N10,000) per month. The company has already built 35 towers in Lagos, Nigeria.
Update: Aella Credit, a socially responsible online alternative lender for Africans, was also part of the cohort. It has so far loaned customers US$1.47 million, and repayments has been good.
All five startups will pitch to a carefully selected, invite-only audience on Demo Day, which will hold on March 20 – 22, 2017 at the Computer History Museum in Mountain View, California.
The startups, together with the other African startups in the batch such as Morocco’s WaystoCap, will continue to receive support from Y Combinator and its alumni network even after Demo Day.