Kenyan star-up wins Sh 2.6m in Facebook competition

Lori Systems-a Nairobi-based firm has won USD 25,000 (Kshs 2.6 million) in a tech start-up challenge.

The logistics start-up, which provides payments and tracking system for companies, was crowned a winner in the competition hosted in Nairobi by Facebook and TechCrunch-American news site.

The firm also earned a trip to a TechCrunch event in San Francisco in 2018 in which selected start-ups from across the world will showcase their products in a competition to search for potential investors.

A total of 15 companies participated in the Nairobi event dubbed Start-up Battlefield Africa.

Other companies that were feted at the event include SynCommerce- a Ghanaian firm that emerged the leader in the gaming and entertainment class.

SynCommerce gives a provision for companies to place and manage their products concurrently across varied e-commerce platforms such as Etsy and eBay.

AgroCenta emerged victorious in the social good entry. The firm provides a service to smallholder farmers allowing them better access to markets by locking out middlemen.

Start-up Battlefield Africa received over 1000 applications from across the continent. However, only 15 made it to the final.

The event was the first of its kind in Africa. It was part of a week of occasions lined out by Facebook in Nairobi. The social networking giant also hosted a conference for women in tech as well as a 3-day training course for developers from across Africa.

LEAVE A REPLY

Please enter your comment!
Please enter your name here