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In April, Techstars, in partnership with ARM Labs, a Lagos-based innovation program focusing on fintech startups, announced the launch of ARM Labs Lagos Techstars Accelerator Program which aims to invest in early-stage fintech and proptech companies based in Africa.
Google has selected 40 startups for its Black Founders Fund Europe. Twelve out of the selected startups have Nigerian founders. One of the startups, Propel, has three Nigerian founders, thereby, bringing the total number of Nigerian founders to 14. Two out of the 14 Nigerian founders are female.