Microtraction has a new initiative that will be used to source start-ups with great potential and inspirational founders. The Microtraction Scout Initiative is a platform for start-up founders and other tech stakeholders to join especially with particular interest in software engineering, product design, growing start-up operations, community building, journalism and public relations.
Microtraction was founded by managing partner Yele Bademosi who has been involved in early startup investment deals that have great growth potential in the sector they operate in. Microtraction typically invests $65 000 in two stages. The company has invested in high growth tech start-ups such as CowryWise Nigeria, Wallet Nigeria and Sendbox.