In October 2018 Founders Factory launched Founders Factory Africa, an incubator and accelerator that will build and scale over 100 startups on the continent over the next five years. Founders Factory Africa is based in Johannesburg and our first corporate investor is Africa’s largest bank by assets, Standard Bank.
Founders Factory Africa
The first of multiple corporate investors we will add in Africa and other international locations. If you are a corporate looking for an innovation partner in your local market please get in touch here:
Standard Bank’s earnings in 2017 were R26 billion (about USD2 billion) and have total assets were R2 trillion (about USD165 billion). The group has more than 54 000 employees, approximately 1 200 branches and 9 000 ATMs on the African continent
Combined with Founders Factory Africa’s operating team, Standard Bank provide an incredible platform to support the growth of ambitious founders’ startups.