Snapchat’s Yellow Accelerator, To Invest $150k In Cameroon’s StarNews Mobile


Cameroonian media startup StarNews Mobile, which offers a network of mobile video channels and allows celebrities and brands to monetize their fan bases in Africa through exclusive videos, has announced that it was selected by Snap Inc. (owner of the Snapchat and Bitmoji applications as well as Spectacles glasses, equipped with a camera) to benefit from the fourth edition of its Yellow Accelerator program, a funding and incubation program launched in May 2018 for entrepreneurs working on the border between content creation and technology. The 2021 edition will be held exclusively online.

“StarNews Mobile was developed with African content creators and fans in mind. Our company is growing exponentially as we continue to make deals with the biggest telecom operators, with artists and entertainment networks in the United States and Africa, ”said Guy Kamgaing, founder and CEO of StarNews Mobile who is delighted to have been selected to join the Yellow Accelerator program of Snap Inc.

The Yellow Accelerator will invest $150,000 (approximately 81.4 million CFA francs) in StarNews Mobile and offer StarNews Mobile a 14-week training program to improve its strategy, growth, fundraising, and develop mentorship. This 14-week program ends on May 07, 2021, with a virtual demonstration day scheduled for April 29, 2021. StarNews Mobile, which will leverage best practices from Snap Inc., is one of nine companies selected to join this program.

Read more...https://media.getfundedafrica.com/2021/03/05/snapchats-yellow-accelerator-to-invest-150k-in-cameroons-starnews-mobile/

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