Cleva is a fintech company supported by Y-Combinator. tappi is a SaaS startup focused on digitizing small businesses. Two African startups, Cleva and tappi, have been recognized among 50 global startups anticipated to achieve successful exits within the next five to ten years. This recognition comes from CB Insights, a global tech startup analytics firm, in its Future Tech Hotshots report.
The report highlights that the selected startups either incorporate artificial intelligence as a core product offering, specifically target horizontal AI development, or leverage AI as a driving force to create value across various sectors, including cybersecurity and agriculture.
What distinguishes these startups is evaluated based on their exit probabilities and the strength of their management teams, which serve as significant indicators of potential, especially for early-stage ventures. Additional criteria include IP development, which signifies unique and genuinely innovative technology, and the presence of notable investors, indicating aggressive backing from the investment community, suggesting these companies are poised for long-term success.
"Using CB Insights' proprietary data and metrics-including Exit Probability, Commercial, Maturity, Mosaic, headcount, patents, and funding-we identified the 52 emerging players our data indicates are most likely to exert a significant influence over the next 5-10 years and achieve a strong exit. Corporations and major tech players should keep an eye on these startups, as they are among those most likely to make an impact across industries in the coming years," states the report.
Meet Cleva
