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Article

Pan-African investor Madica backs five pre-seed startups across Nigeria, Cameroon, Algeria, and Egypt with up to $200,000 each.

Business Post Sep 15, 2026
Read the original Article page

TL;DR

Madica, an early-stage investment programme affiliated with Flourish Ventures, has announced five new startup investments across four African markets.

Each startup will receive up to $200,000 in funding and join Madica's 18-month program providing mentorship, executive coaching, and investor network access.

The selected startups include ChipMango (Nigeria), Paysika (Cameroon), Talenteo (Algeria), and Delta Oil and Bekia (Egypt).

Intelligence

These transactions mark Madica's first-ever institutional investments in Algeria and Cameroon, focusing on venture capital-starved ecosystems.

Madica's expansion into Cameroon and Algeria signals a growing institutional appetite to back early-stage African tech outside traditional hubs like Nigeria and Egypt.

These pre-seed injections will help local innovators build foundation-level digital infrastructure in Francophone HR and Central African digital banking.

This funding model serves as a critical proof-of-concept for unlocking venture capital in historically overlooked African markets.

Funding extracted from this article

5
ChipMango Pre seed · $200,000
Paysika Pre seed · $200,000
Talenteo Pre seed · $200,000
Delta Oil Pre seed · $200,000
Bekia Pre seed · $200,000

Regulatory activity extracted

0

No regulatory actions were extracted from this article.

Tenders extracted

0

No tenders were extracted from this article.

Further reading

More on the companies named in this article.

Companies named

7

People named

8

Elsewhere on these companies

Other recorded activity involving the same companies.