Moroccan B2B trading platform WaystoCap takes the first spot on our list of startups to watch.
WaystoCap allows African businesses to buy and sell products – enabling them to discover products, verify them, obtain financing and insurance, manage their shipments, and ensure payments security.
In February, the startup was one of only two African startups selected to join Silicon Valley-based Y Combinator, where it received three months’ intensive mentoring and training as well as US$120,000 in funding. It performed so well, the startup secured a sizeable funding round on graduating the programme, from investors including Y Combinator itself, Battery Ventures and other parties.
With a satellite office now open in Benin, WaystoCap is set for West African expansion in 2018 – and we’ll be watching closely.