Newchip, an Austin-based web and mobile investment platform that connects startups to investors, has selected two African startups to join its accelerator program.
The startups are Play 3arabi from Egypt and Mobu.io from South Africa. While the former will be among the 25 companies in the Seed Accelerator cohort, the later will take part in the Pre-Seed Accelerator cohort that will feature over 47 startups.
أكثر من 2 مليون لاعب.. الممالك اون لاين بعدك ماجربتها؟؟ حملها وشيد أكبر مملكة pic.twitter.com/TJqKdIJoxI
— Play 3arabi (@Play3arabi) January 31, 2019
Play 3arabi is a digital game publisher focused on identifying, releasing, and marketing suitable social mobile games in the Middle East and North Africa region.
— MOBU (@MobuICO) June 4, 2019
Mobu.io is a decentralised organised all-in-one platform to launch validated security tokens. Security tokens improve traditional financial products in a number of ways: fees are lower, transfers instantaneous, exposure to the free market, the investor base is larger, service functions are automated and decreased manipulation by financial institutions
“We’re humbled and blown away by the massive response Newchip has received in the past couple months following our inauguration,” said Ryan Rafols, CEO of Newchip.
“Entrepreneurs from around the world are coming in droves to Newchip; seeking help and guidance with startup fundraising. At the core of it is our innovative model of connecting an accelerator to an investment platform with 100,000+ investors.”
Newchip launched its inaugural online accelerator program back in April 2019 with the mission of preparing its participants to launch, scale, and fund their startups. Entrepreneurs in the inaugural cohort are expected to graduate at the end of June following the Newchip Startup Showcase.
“I’m thrilled about the diversity of startups entering our June cohorts,” said Joshua Lawton, Accelerator Director of Newchip.
“We have companies from the US, Italy, South Africa, Egypt, Sweden, India, Brazil, Ukraine, Pakistan, Turkey, Finland, and even Uruguay! All are eager to be a part of our global movement.
“This is a growing community of entrepreneurs from around the world who have been unable to raise funding and build their dreams due to a lack of access to accelerators that believe in them. We’re here to challenge the status quo, change the paradigm, and empower startups to take their companies to the next level.”
