• Raya Holding launches final FutureTECH accelerator cycle with GIZ to back startups in tech, mobility, fintech, energy, and more.
• Ten selected startups will pitch to a jury for funding, mentorship, and access to Raya’s resources and industry connections.
• Top five winners will join an Investment Readiness Program with financial coaching and introductions to investors, partners, and customers.

Raya Holding

What happened? Raya Holding for Financial Investments, investment firm, launched the third and final cycle of its startup accelerator, Raya FutureTECH in collaboration with GIZ. 

This accelerator is in partnership with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), under the DevelopPPP program. It is an initiative by the German Federal Ministry for Economic Cooperation and Development (BMZ). Furthermore, it is designed to foster partnerships between the private sector and development efforts in emerging markets.

What is the focus? The accelerator targets startups in sectors aligned with Raya’s areas of operation. Thai includes information technology, customer experience, logistics, fintech, retail, clean energy, and smart mobility.

Accelerator 

What is in it for participants? It will offer mentorship from Raya’s senior executives, proof of concept creation, and opportunities to collaborate with industry leaders. It will also provide access to the group’s expertise and capabilities to help entrepreneurs move from concept to real-world application.

This accelerator cycle started in March and since then participating startups have received personalized one-on-one sessions and mentorship from Raya’s experts. Moreover, the cycle will conclude with a flagship pitching night where 

The final cycle of Raya FutureTECH will conclude in a flagship pitching night. Moreover, 10 startups will showcase their innovative solutions to a jury that includes representatives from Raya Holding and GIZ. 

Winning startups will receive further support and potential funding from Raya to advance their products and scale their impact

As part of this support, the top five startups will join an Investment Readiness Program. It will offer a mix of group sessions and one-on-one coaching on financial modeling and valuation, along with access to potential customers, partners, and investors. 

The startups include: 

• For Wheelz – Vehicle diagnostics and InsurTech for safer, cheaper mobility.
• Tayara – EV-Fleet-as-a-Service with electric bikes for delivery fleets.
• Nanovate – AI voice and chat agents for sales and support automation.
• Mezatech – End-to-end device repair, recycling, and retail solutions.
• Card-Y – Cross-border virtual payments for individuals and businesses in Africa.
• EVRaid – Locally made AI-powered EV powertrains.
• Oaaps – Digital logistics and customs for global trade.
• WinFi – Smart Wi-Fi platform with customer insights for businesses.
• TGS – Agri-tech for sustainable, year-round food production.

Meyahh – Water treatment procurement platform connecting the supply chain.