Three African tech startups have each secured $50,000 in equity investment, as well as US$25,000 Microsoft credit, after being named winners of the second edition of the MEST Africa Challenge.

The MEST Africa Challenge is aimed at post-revenue and tech-enabled startups that want to expand into new markets.

Five finalists were selected for the challenge, and the finals took place at the end of the fourth annual MEST Africa Summit in Nairobi on Wednesday.

Three startups were named winners, taking home $50,000 in equity investment from MEST and $US$25,000 in credit from Microsoft.

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They were Ghanaian startup OZE, a data insights company that helps businesses make data-driven financial decisions; South African real-time cybersecurity platform Snode Technologies; and Kenyan startup WayaWaya, a fintech company that provides seamless transactions into and within Africa for individuals and businesses.

The other two startups competing were Nigerian sports community AMPZ.TV and Ivory Coast-based agri-tech financing platform Seekewa.

The event saw entrepreneurs, investors, ecosystem players and executives from across Africa and the globe meet to explore innovations and rising stars in the African tech ecosystem. Panellists discussed a range of topics, while there were keynotes from MEST founder Jorn Lyseggen, Microsoft’s Chris Lwanga, and Lori Systems’ Josh Sandler.

source: disrupt Africa

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