preloader

The African Start-up Matching Fund

Let’s double or even better, triple your investment

0 +
Startups Engaged
0 M +
Fund Invested
0 +
Invovation Hubs
0 +
Angel Networks
0 +
African Countries & Diaspora

Our Numbers So Far

27
Matching Fund applications processed
€822,453
Deployed as qualified matching grants
18
Afrilabs Innovation Hubs Supported
149
Angel Investors involved
€782,326
Invested by local angel investors in innovation hub affiliated startups
18
Startups from African countries

Our Numbers So Far

21

Matching Fund applications processed

143

Angel Investors involved

€822,453

Deployed as qualified matching grants

€782,326

Invested by local angel investors in innovation hub affiliated startups

12

Afrilabs Innovation Hubs Supported

12

Startups from African countries

Catalytic Africa Objectives

Increase the investment made by investors in African Start-ups

Fund African Startups with innovative digital solutions and measurable impact.

Strengthen African angel networks and innovative hubs.

Present reliable ecosystem data, insights, and impact reporting for all stakeholders.

Our Portfolio Companies

Duhqa-Logo

Duhqa Limited

Duhqa connects microstores to manufacturers, providing them with procurement, distribution, and financing services, allowing them to focus on their core business of selling.
Icon
Icon-Angels
kenya
freewei Logo

Freewi digital

Freeoui is a mobile application that offers customers discounts on goods or services while providing an enhanced user experience.
Icon
Icon-Angels
Tunisia_
Dawa-Mkononi-Logo

Dawa Mkononi

Dawa Mkononi offers innovative solutions to make purchasing pharmaceutical products easier across Africa.
Icon
Icon-Angels
tanzania
Legal-Fundi-Logo

Legal Fundi

Legal Fundi harnesses the power of artificial intelligence to deliver customized legal, regulatory, and business support that caters to your specific requirements.
Icon
Icon-Angels
south-africa
kasookoo Logo

Kasookoo Com. Ltd

Kasookoo is a business phone system in an app with a built-in virtual receptionist feature that handles and routes calls to the right team members.
Icon
Icon-Angels
Nigeria
Sumet Logo

Sumet Technologies

We transform the distribution of consumer goods through data-driven algorithms and predictive analysis, facilitating connection between suppliers and informal retailers.
Icon
Icon-Angels
tanzania

Matching Ratio

The maximum financing from the matching fund is €60,000 per transaction.

2:1

If the business angel invests an amount less or equal to €10,000, then the matching fund will double the amount of funding the startup receives from the angel investors.

3:1

If the business angel invests more than €10,000, then the matching fund will triple the amount of funding the startup receives from the angel investors.

How Catalytic Africa Works

01

Registration

Fill in the registration form. All stakeholders have to register, whether you are a start-up, an innovation hub, an angel network, or an angel investor.

02

Submit Matching Application

After investing in a startup supported by an AfriLabs hub, the angel network, which is an ABAN affiliated member, applies for matching funds..

03

Application Review

After the application has been submitted, it will be reviewed to make sure it complies with all the eligibility and compliance requirements.

04

KYC Review

If your application is approved, the KYC check on the beneficiaries will be carried out. Disbursement will be subjected to KYC check clearance.

05

Progress Report

The start-up will report to Catalytic Africa with the support of the hub on its progress on a monthly basis.

Who is Eligible?

Startups

Registered in a hub member of the AfriLabs network

Other Requirements
  1. Be at least at the Minimum Viable Product (MVP) stage.
  2. Have secured investment from eligible angel investors

Innovation Hubs

Registered in AfriLabs hubs network.

Local Angel Networks

Registered in ABAN Angel Network.

Angel Investors

Registered in a Local Angel Network of ABAN network.

Development Partners

Catalytic Africa is an initiative by ABAN and AfriLabs, supported by AFD and Digital Africa

Twitter Feeds

Recent News

Fadilah Tchoumba
Posted by Fadilah Tchoumba
September 14, 2022
Fadilah Tchoumba
Posted by Fadilah Tchoumba
September 13, 2022
Fadilah Tchoumba
Posted by Fadilah Tchoumba
August 31, 2022
Fadilah Tchoumba
Posted by Fadilah Tchoumba
October 25, 2021
Fadilah Tchoumba
Posted by Fadilah Tchoumba
July 15, 2021
Fadilah Tchoumba
Posted by Fadilah Tchoumba
June 24, 2021