Five Promising African Startups Secure Seed Funding

Madica, a venture capital firm focused on early-stage startups in Africa, has announced its latest pre-seed investment cohort. Talenteo, Paysika, ChipMango, Delta Oil, and Bekia have each secured up to $200,000 in funding along with comprehensive company-building support.

The Startups Transforming African Industries

Talenteo (Algeria): Co-founded by Louai Djaffer, this HR management software caters to mid-market businesses across Francophone Africa. It streamlines employee processes and provides data-driven insights for better talent management.

Paysika (Cameroon): Founded by Roger Nengwe and Stezen Bisselou, Paysika offers a digital neobank with payment cards and financial services designed for the African market.

ChipMango (Nigeria): Co-founded by Ola Fadiran and Jovan Andjelich, ChipMango is developing cutting-edge semiconductor design and Edge AI capabilities – positioning them at the forefront of Africa’s tech innovation.

Delta Oil (Egypt): Founded by Serag Moussa, Delta Oil tackles environmental sustainability while creating economic opportunity by connecting used cooking oil collectors with renewable fuel buyers.

Bekia (Egypt): Founded by Alaa Afifi, Bekia is digitizing the recyclable waste collection process to improve efficiency and transparency in the recycling sector.

Beyond Capital: A 18-Month Support Program

The investment comes with an additional benefit – all five startups will join Madica’s rigorous 18-month company-building program, which provides mentorship, strategic guidance, and access to a network of experts.