Startups

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

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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.

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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.

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