Orbit Startups, the new accelerator program from venture firm SOSV, has announced a cohort of 10 startups chosen for its inaugural launch.
Each of the startups received initial funding of about $180,000 along with an intensive program that supports their growth across emerging and frontier markets.
The startups from the inaugural cohort hail from India, Pakistan, Nigeria, and Singapore; operating in fintech, media, edtech, GameFi and other blockchain applications.
These include Asobu App (India), offering players access to on-chain games in under 30 seconds where they can buy and trade game assets; GetFundedAfrica (Nigeria), a platform leveraging media and technology to help startups across Africa find funding; iWebTechno (India), digitizing educational institutions connecting students to banks, fintechs, edtech and service partners; KalPay (Pakistan), a Shariah-aligned BNPL service enabling consumers in Pakistan to pay for online purchases in installments with no paperwork.
Kredi Bank (Nigeria), a full-service digital bank building a one-stop shop for digital financial services in Africa; Linkstar (Pakistan), all-in-one webspace solution for freelancers, influencers and small businesses; Money Club (India), a safe and secure mobile platform for P2P chit fund based savings in India; Morfyus League (Singapore), bringing gamers to a new frontier of play-to-earn and GameFi opportunities; Nearpeer (Pakistan), makes quality education affordable and accessible across Pakistan and the Middle East; and Verismart (India), a blockchain based data exchange platform with a privacy compliant identity management solution serving banks, telecoms and insurance companies.
“We are eager to scale breakthrough startups from around the world across emerging and frontier markets, where there are more inefficiencies, fewer legacy industries, and the most opportunities for aggressive growth,” said William Bao Bean, General Partner at SOSV, Managing Director of Orbit Startups.
Orbit Startups helps scale breakthrough startups from around the globe across emerging and frontier markets in Southeast and South Asia, the Middle East, Africa and the Americas. Orbit invests through its fund SOSV, a US-based venture capital firm with $1.3 billion in assets under management.