Kenyan AI and Blockchain Startup, Fastagger, Closes Investment from CV VC

Fastagger Inc, a Kenyan AI and blockchain startup, has revealed that it has received funding from CV VC, a blockchain venture capital based out of Switzerland.

The investment is considered important since this is the first time that a web3 and ai start-up based in Africa received an investment from the blockchain hub of the Swiss «crypto valley».

According to the CEO to fast-forward, mutembei kariuki, The company's objective is to deliver innovative solutions that use the best of artificial intelligence and blockchain to create new opportunities for businesses and individuals.

"I am pleased to announce that this investment will enable us to develop and extend our state-of-the-art technological expertise that combines the power of Web 3 and artificial intelligence.

I trust this investment will help us accelerate our growth and deliver on our vision. Our team is enthusiastic about working with cv vc to fulfill our mission and have a real impact in the world. This is a major milestone for our company and for the African startup ecosystem as a whole.”

?? Meet Mutembei Kariuki from our Batch_04 startup #Fastagger

Are you also looking to excel your blockchain startup? Register to the batch_05! https://t.co/ueGVeUFCgepic.twitter.com/TFF7M2c4O9

— CV Labs (@CV_Labs) June 8, 2022

According to the company, Fastagger uses the power of data to support the over 90% of SMEs in emerging markets such as Africa that have been and continue to be impacted by climate change.

Using ai and blockchain technologies to increase sales and financial access, fastagger says it brings insight and commitment from customers to decentralise mobile retail and the integration of the next billion on web3.

The start-up won the Emerging Talent category at the 'Breaking the Wall of Democratizing Artificial Intelligence' conference in Berlin, Germany.

Fastagger is also part of the NVIDIA Inception programme on artificial intelligence innovations as well as the exclusive «Startup with Chainlink» programme, a programme designed specifically to support the founders of Web3. Fastagger was also the only Kenyan Airbus BizLab Africa4Future 2020 start-up to work on agricultural AI with remote sensing data.

"Fastagger exemplifies the calibre of innovation and talent that emanates from the Kenyan Web3 ecosystem and artificial intelligence, to accelerate the prosperity of Africa by bridging the divide between the old and new economies. We are honored to be a part of their journey,” said CV VC’s Principal & Global Head of Investments, David Long.

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