The 10 businesses selected for its initial cohort by Orbit Startups, a new initiative from US venture capital firm SOSV, include two from Nigeria.

Orbit combines the already-existing SOSV programs Chinaccelerator and MOX and represents their current geographic expansion into Southeast and South Asia, the Middle East, Africa, and Latin America.

Two startups made it from Africa while the other chosen startups were from Singapore, Pakistan, and India.

Each of the firms has received a start-up investment of roughly $180,000 and access to a comprehensive program that promotes their expansion throughout emerging and frontier markets.

According to William Bao Bean, general partner at SOSV and managing director of Orbit Startups, they are eager to scale ground-breaking startups from all over the globe in emerging and frontier markets because these regions have the most potential for rapid development due to their high levels of shortfalls, lack of legacy industries, and untapped potential.

Orbit chooses tech companies that have the potential to change the lives of millions of people all at once, as well as those who are digitally transforming local economies and tackling colossal issues in healthcare, education, finance, media, and logistics.

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The 2 startups selected from Nigeria:

GetFundedAfrica

GetFundedAfrica, a platform that uses media and technology to assist entrepreneurs across Africa in finding funding,

Through participation in GetFundedAfrica’s Investor Readiness Cohort, you can develop the ability to communicate with investors, expand your company, position your firm for investment, and advance your startup to the next level. Take advantage of the chance to raise $100,000 to $12,000,000 from international and African-focused investors.

A one-month intensive program offered by GetFundedAfrica includes self-paced learning and development on our unique learning platform, Remsana, mentorship opportunities, webinars and other group sessions, community events, pitch practice, and more; along with chances to speak with investors.

Kredi Bank

A full-service digital bank, Kredi Bank is creating an African one-stop shop for digital financial services. Kredi is committed to providing clients with financial service products that are simple to use and completely accessible.

It has a complete license from Nigeria’s national bank. Kredi is creating a platform to give people access to all the important areas of their financial lives.