Hello guys,
Welcome to our weekly recap of the big news + funding in Ghana’s startup ecosystem. Here’s a look at the bold moves shaping the ecosystem this week.
- Degas partners with Kiva to expand access to finance for smallholder farmers in Ghana
- Truecoco issues first carbon credit from its industrial biochar facility.
- Seevcash lands $142,000 from Stellar Community Fund to accelerate financial inclusion.
- Ethical Apparel secures funding from Ambassador Impact Network.
- LbH selected for 500 Global’s Sustainable Innovation Seed Accelerator.
- Akofresh launches solar-powered cooling tricycle to tackle post-harvest losses.
- Maple Bridge Ventures closes $10.2 million to back Canada’s next generation of immigrant founders.
- AfriSAF selected for London Business School’s incubator.
- AnimaxFYB Studios joins Japan’s TAIDO African Animation project.
- Yemaachi Biotech’s Yaw Bediako named among 2025 Bloomberg New Economy Catalysts.
Accelerator/Incubator
Ghana’s LbH selected for 500 Global’s Sustainable Innovation Seed Accelerator.
LbH has been selected for 500 Global’s Sustainable Innovation Seed Accelerator, a programme designed to support early-stage, tech-enabled ventures driving sustainability across Africa. The eight-week accelerator focuses on startups building solutions within sustainability sectors
Founded to improve smallholder farmers’ access to essential resources, LbH operates a “buy now, pay later” platform that enables farmers to obtain inputs, mechanisation, and advisory services on credit. The startup connects farmers with suppliers and service providers, helping to boost productivity, improve efficiency, and reduce environmental impact across the agricultural value chain.
AfriSAF selected for London Business School’s incubator.
AfriSAF has been selected to join the prestigious London Business School (LBS) Incubator Programme, an initiative designed to nurture high-potential ventures tackling global challenges through innovation and entrepreneurship.
Founded by Kwame Bekoe and Plabon Rahman, both graduates of the Executive MBA Global, AfriSAF is transforming Africa’s agricultural waste into economic and environmental value. The startup upcycles agricultural residue into value-added products while advancing clean energy solutions. Through its digital platform, AfriSAF connects residue producers, processors, and clean energy partners to create sustainable and traceable supply chains.
Funding
Seevcash lands $142,000 from Stellar Community Fund to accelerate financial inclusion.
Ghanaian fintech startup Seevcash has secured $142,000 in XLM from the Stellar Development Foundation (SDF) through the Stellar Community Fund, an open-application awards program that leverages community input to fund and support Web3 teams building on Stellar. The funding will support product development as the company works to expand access to affordable digital financial services.
Founded in 2022 by Dawuda Iddrisu (CEO), Charles Owusu (CPO), and Cosmos Appiah (CTO), Seevcash is building blockchain-powered tools that allow users to create a U.S. bank account, send and receive money, invest, and transfer funds at low cost within one platform.
Ethical Apparel secures funding from Ambassador Impact Network
Ethical Apparel Africa (EAA), a Ghana-based ethical manufacturing company, has secured investment from the Ambassadors Impact Network (AIN), a U.S.-based community of faith-driven investors that back Christian founders. The investment will provide working capital towards scaling production and creating 1,000 additional jobs over the next 18 months, as EAA works toward their vision of 10,000 quality manufacturing jobs by 2030.
Founded with a vision to transform apparel production, EAA partners with international brands to produce high-quality garments under fair, safe, and sustainable working conditions. Led by Co-Founder and CEO Keren Pybus, EAA operates West Africa’s largest solar-powered garment factory, producing over 15,000 units daily for major US retailers. Since 2015, they’ve created over 900 jobs – 70% for women – with wages ~3X Ghana’s minimum wage.
Partnership
Degas partners with Kiva to expand access to finance for smallholder farmers in Ghana
Degas Ghana, in partnership with Kiva, is expanding financial access for smallholder farmers in Northern Ghana through a zero-interest loan crowdfunding initiative. This collaboration aims to raise $600,000 to provide essential farming inputs like hybrid seeds and fertilizers, directly benefiting farmers and boosting agricultural productivity. The model enables global supporters to invest in farmers directly, promoting financial inclusion and economic growth.
Degas’ integrated approach combines financing, agronomic support, and market access, helping farmers increase yields and incomes while supporting education and food security. Since 2018, Degas has financed over 85,000 farmers across West Africa, with over 90% reporting improved livelihoods.
Truecoco issues first carbon credit from its industrial biochar facility.
Truecoco has issued its first verified carbon credits through Puro.earth, a leading marketplace for verified carbon removal. The company has issued 870 Carbon Removal Certificates (CORCs) which has been purchased by the Swiss-based climatetech company Climeworks. Climeworks, which specializes in direct air capture technology, also purchases third-party carbon removal credits to expand its portfolio of verified carbon removals.
Based in the Western Region, Truecoco claims to operate the world’s first industrial-scale biochar facility using coconut husk waste. The process captures and stores carbon while producing biochar that improves soil health and supports thousands of smallholder farmers. The proceeds from these sales provide Truecoco with revenue to expand operations, create jobs, and offer biochar to farmers for soil enrichment.
AnimaxFYB Studios joins Japan’s TAIDO African Animation project.
Ghana’s AnimaxFYB Studios and Nigeria’s CR Motion Plus has been selected as lead African studios for the newly launched “TAIDO African Animation Challenge 2026”, a cross-continental initiative spearheaded by Arc & Beyond and the Japan External Trade Organization (JETRO).
The TAIDO project aims to create opportunities for African animation talent to engage with Japan’s animation industry through structured mentorship and co-production activities. Participating studios will receive guidance from Japanese experts in story development, character design, and short animation production. Throughout the program, local studios will work closely with their mentors to produce original short animations.
Product launch
Akofresh launches solar-powered cooling tricycle to tackle post-harvest losses.
AkoFresh has unveiled a solar-powered cooling tricycle designed to combat post-harvest losses and strengthen Ghana’s food systems. The solar-powered tricycle offers an affordable, mobile, and sustainable cold storage solution that can extend the shelf life of fresh produce by up to 21 days. By reducing spoilage and improving market access, it provides a lifeline for smallholder farmers—particularly those in off-grid communities where reliable cold storage remains a major challenge.
Leadership & Recognition
Yemaachi Biotech’s Yaw Bediako named among 2025 Bloomberg New Economy Catalysts.
Dr. Yaw Bediako, Founder and CEO of Yemaachi Biotech, has been named among the 2025 Bloomberg New Economy Catalysts, a global cohort of innovators driving solutions to some of the world’s most pressing challenges. The Bloomberg New Economy Catalysts program, now in its fifth year, recognizes leaders shaping more resilient and inclusive futures across sectors such as technology, health, energy, and climate.
Through Yemaachi Biotech, Dr. Bediako is pioneering precision medicine in Africa by leveraging the continent’s rich genetic diversity to advance cancer research and improve drug discovery. Based in Accra, Yemaachi’s work focuses on understanding how African genomes respond to diseases and treatments — an area historically underrepresented in global biomedical research.
Diaspora
Maple Bridge Ventures closes $10.2 million to back Canada’s next generation of immigrant founders.
Maple Bridge Ventures has completed the first close of its debut C$20 million venture fund, raising C$10.2 million. Founded and led by Eric Agyemang, Maple Bridge Ventures will invest $250,000 to $1 million in immigrant founders building high-growth technology companies across AgriFoodTech, HealthTech, and Enterprise Solutions.
Founder and Managing Partner Eric Agyemang, originally from Ghana, built Maple Bridge Ventures as a founder-led platform to expand access to venture capital for exceptional but often overlooked immigrant entrepreneurs. Prior to founding Maple Bridge Ventures, Agyemang spent nearly a decade at Export Development Canada (EDC), leading cross-border finance deals and partnerships with Canada’s leading innovation hubs and startup accelerators.
📬 That’s all for this week. Want to feature your startup, funding round, or product launch? Subscribe and email us at info@theinnovationspark.com
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Curated by The Ghana Innovation Journal, tracking Ghana’s startup momentum.
