Standard Bank, Two others invest in 5 start-ups

Five new startups have been accepted into the Venture Scale programme, which is an initiative of Founders Factory Africa (FFA); backed by Standard Bank and Netcare as corporate investors. The five startups including LocumBase, Akili Labs and EnvisionIt Deep AI, all from South Africa and Foodlocker, a Nigerian amongst them were formally inducted into the Venture Scale programme on Monday, having developed product offerings targeted at the FinTech or HealthTech sectors; and are set for an aggressive growth strategy – aided by the technical and operational expertise offered at FFA.