Madica, an early-stage African investment platform, has backed five startups in Algeria, Cameroon, Egypt and Nigeria, with each company receiving up to $200K in funding.
The New Portfolio Additions
The latest cohort spans diverse and critical sectors, including human resources technology, financial services, semiconductors, and the circular economy. The five startups joining the portfolio are:
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Talenteo (Algeria): An all-in-one HR management platform co-founded by Louai Djaffer, dedicated to helping medium-sized and mid-market businesses across Francophone Africa digitize and streamline their human resources operations.
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Bekia (Egypt): A digital platform founded by Alaa Afifi that serves as the critical collection layer for Egypt’s recycling economy, paying households and businesses for recyclable waste and supplying it to industrial buyers.
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Delta Oil (Egypt): Co-founded by Serag Moussa, this climate-tech startup builds the infrastructure needed to connect fragmented used cooking oil collection networks with international buyers, transforming waste into renewable fuels.
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Paysika (Cameroon): A digital neobank co-founded by Roger Nengwe and Stezen Bisselou, providing virtual and physical payment cards for consumers and SMEs across Central Africa.
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ChipMango (Nigeria): Co-founded by Ola Fadiran and Jovan Andjelich, this startup is building Africa’s semiconductor ecosystem through chip design services, engineering education, and localized Edge AI products.
Madica’s 18-month program provides flexible funding, practical guidance, leadership training, access to global investors and international learning trips, according to the announcement.
About Madica
Launched in 2022, Madica is an Africa-focused pre-seed investment program empowering underrepresented and underfunded mission-driven founders on the continent. The sector-agnostic platform, affiliated with Flourish Ventures, aims to empower entrepreneurs by providing funding and democratizing access to world-class company-building support.
Source: Press Release
