December 7, 2015 IBOMLLC Team

WeChat Pledges $3.48 Million To Support African Tech Startups

WeChat Pledges $3.48 Million To Support African Tech Startups

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

WeChat Africa has pledged a 50 million South African Rand ($3,484,345) financial support to tech startups mushrooming across Africa. In an initiative geared at supporting African entrepreneurs and innovators in the tech space.

WeChat has partnered with Batstone, a tech strategy firm. Together they will coordinate on identifying the early stage investment opportunities presented by the various tech startups mushrooming across Africa.

Brett Loubser, head of WeChat Africa said: “Our fund aims to provide financial support to businesses so that they can effectively get on the WeChat platform. This will include technical integration and communications tactics across the Naspers’ stable and other suited channels.

Eligible startups are encouraged to apply to the WeChat funding program; where they will also be able to leverage on the WeChat platform. That will enable them to break into new market across the African continent.

Eligible startups must fit the description of a tech-enabled business with an initial market validation and with a viable product in the offering. They must also show the capability to leverage on WeChat’s technology platform and able to benefit the potential consumers.

Alexandra Fraser, the …read more

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