Y Combinator: Nigeria’s Kudi in Winter 2017 Funding Cycle


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.

About Emerald Mandela 1551 Articles
At African Entrepreneur Startup Project (AESP) the future means diversification. As the stepping stone into a great future, we offer the best services in business development, consulting, mentorship, business support services and SMEs funding. #GetRichChallenge

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