HomeStartupsPlentyWaka earns a spot in the TechStars Accelerator program, secures $120k funding

PlentyWaka earns a spot in the TechStars Accelerator program, secures $120k funding

Jumia Black Friday Deals

PlentyWaka burst onto the scene in 2019 as a Nigeria bus hailing start-up and they have grown in leaps and bounds since then. Latest on the list of good news that the brand enjoys is an acceptance into the TechStars Toronto accelerator programme which means that they have also earned a cool $120,000 in extra seed funding to better their product.

The mode of operation of the start-up is to allow customers to book bus rides in real time across the states where they are present in.

Starting from Lagos, the start-up secured an extra $300,000 funding to expand to the federal capital territory and a handful of other states too. Now, they will be able to strengthen their position in the states where they are present and expand to other areas where they were not already in.

It should be noted that Onyeka Akumah, the current CEO and co-founder of PlentyWaka, is also the founder of Farmcrowdy from which CrowdyVest spun off. Thus, this makes it the second time a start-up that he is invested in will go through a TechStars accelerator programme.

Besides the seed funding that they have received, the accelerator program will also make it easy for them to get mentorship from top players in the industry while also getting visible to more investors.

Latest articles

Will ChatGPT Take My Job? Expert Reveals The Five Professions At Risk

The more capable AI becomes, the more you might begin to worry about a...

Best Valentine’s Day Gifts Ideas

Looking for a great Valentine's Day gift for your loved one? You are in...

Best Web Hosting Services for Small Business in 2024

The online presence of your business is as vital as any physical storefront or...

8 Reasons to Buy the Oppo Reno 11 5G

Are you in the market for a new smartphone? Look no further than the...

10 Key Features of the Tecno Spark 20 Pro Plus

Tecno has introduced the top of the line member of its latest Spark Series....

How to Open OPay Account for Seamless Banking

OPay is a leading mobile banking and payment platform that allows you to make...

SpaceX launches First Starlink Direct to Phone Satellites

SpaceX has announced the launch of its first set of direct to cell satellites...

More like this

Why you need Strong Digital Supply Chain Management

Digital transformation is crucial to the survival of any business today. And to truly...

iiDENTIFii wins KPMG Tech Innovator in Africa

Following the incredible success of the inaugural competition last year, KPMG again called on...

Infibranches, a Nigerian stirrup, secures $2m funding from Shell-backed company

It’s always good news when Nigerian startups secure good funding to better their services...