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Thursday, 20 June 2019

It was a good week for tech startups

STARTUP WATCH- It was a good week for tech startups: Cairo Technology Week and the Seamless North Africa conference, which both took place this week, saw lots of startups (most of them early stage ventures) in the spotlight. Among the highlights:

Paynas wins first prize at Seamless North Africa 2019: Egyptian fintech startup Paynas took home first place for its pitch at the Seamless North Africa conference this week, according to an emailed statement (pdf). The company, which provides a cloud-based platform used to manage banking, HR, and employee benefits, walked away with USD 50k after going head-to-head with four other startups.

Flat6Labs Cairo graduated eight new startups at its first cycle of 2019, the startup accelerator said in a statement (pdf). Graduates are in sectors including virtual reality, legaltech and logistics, manufacturing, software as a service), hardware and education and wellness. They are: VRapeutic, Untap, Illa, Agrona, Elmetr, Instadiet, Tyro and Interact.

Meanwhile, three Egypt-based startups have been selected to participate in the four-month Womentum Accelerator program, run by Womena and Standard Chartered, Disrupt Africa reports. Participating startups from Egypt include FreshSource, which connects small-scale farmers to the value chain, Chefaa, an AI-powered platform for buying pharma products, and pas-sport, a platform that connects athletes with sports scholarships at universities globally.

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