Kudi, a Nigerian bill payment chatbot, has been selected for Y Combinator‘s Winter 2017 (YC W17) funding cycle, which is currently ongoing in Mountain View, California.
Launched few weeks back, Kudi helps with stuffs like funds transfer, airtime & data bundle purchase, and all manner of bill payments through chat. We have used the platform and it actually works!
The platform has gained a great deal of users since launch, doing US$15,000 worth of transactions so far, with week on week revenue growing by 125 percent, according to TechCrunch.
As part of YC W17, Kudi will receive US$120,000 in funding, and mentorship, coaching and training to make her a better product and get her in shape for potential investors.
At the end of the 3 months program, Kudi will pitch on Demo Day to a carefully selected, invite-only audience (many startups have gone on to raise funds thereafter).
Also, Kudi will continue to receive support from Y Combinator and its alumni network even after Demo Day.
Kudi isn’t the only startup from Africa participating in YC W17. There’s WaystoCap, a B2B marketplace where businesses in Africa can buy and sell products. Others will be known as they launch.