“Founders Factory Africa will transform Africa’s startup economy by designing purpose built scalable technology businesses, deliver new capital flows and develop the best talent.
We will be creating and growing businesses in Africa across four sectors: health, energy, fintech and education. With a focus on scale, technology and impact, our businesses will serve the needs of economies that are facing unprecedented growth and demand for utility-based products and services.”
“Our businesses will leverage the existing power of our corporate partners to solve logistical, geographic, and political challenges while at the same time leveraging the best global technical talent to drive adoption and engagement. While we are delivering for the African consumer market we harness the social and financial capital of our Founders Family network to attract new investment and renewed focus on the potential and opportunity of the African startup ecosystem.
As the lead investor in Founders Factory Africa, Standard Bank is opening up its incredible infrastructure and vast assets to support Africa’s startup community. Fintech startups accepted into Founders Factory Africa will have access to branches, big data, insights into regulation, brand and customer acquisition, as well as capital structuring expertise. This bespoke corporate engagement and strategic investment ushers in a new era of collaboration- instead of competition - for African startups.
Having worked in Africa for over a decade, I believe success is underpinned by strong collaboration. By harnessing the resources of Africa’s greatest startup entrepreneurs and combining with the operational might of corporates, we will deliver scaled solutions to sub-Sahara’s 1 billion consumers and establish Africa as an attractive destination for global investment”