The VISA Africa Fintech Accelerator announced 19 new startups pre-selected to participate in its biannual program.
Startups, from 21 African countries and diverse sub-sectors, from embedded finance and SME lending to digital banking, will have access to tools, connections and expertise to scale their solutions, online with VISA’s continued investment in Africa’s digital transformation. .
VISA, which recently revealed strategic investments in Oze, Workpay, OkHi and ORDA, program graduatesworked with up to 45 startups per year to participate in the intensive 12-week program.
FINANCING | VISA announces investments in 4 Fintech startups across Africa
Launched in June 2023, the VISA Africa Fintech Accelerator program offers up to 40 startups per year an intensive three-month learning program.
https://t.co/zV15aUUqGW @VisaNews pic.twitter.com/AhHInnhxNm–BitKE (@BitcoinKE) November 8, 2024
As BitKE reported in 2023, VISA launched the accelerator as part of its commitment to invest $1 billion in Africa’s digital transformation with the aim of offering expertise, connections, technology and investment funding to enable the growth and success of fintech startups across the continent.
Visa Launches Visa Africa Fintech Accelerator Program to Empower Startups in Africa
From July 2023, fintech startups from across Africa can apply for the programhttps://t.co/4U731dTvNC @VisaNews pic.twitter.com/oonC2NvLbP
–BitKE (@BitcoinKE) June 21, 2023
The 19 startups selected for cohort 3 of the VISA Africa Fintech Accelerator are:
1.) Credible (Kenya) – Credable is a digital banking platform that helps businesses and financial institutions in the Middle East and Africa (MEA) integrate financial services into their core offerings.
2.) Fixa (Rwanda) – Fixa is an end-to-end recruitment platform. Their software enables rapid sourcing and deployment of on-demand blue-collar workers to businesses across Africa.
3.) Kasha (Ethiopia) – Kacha is the first fully licensed private payment instrument issuer in Ethiopia, offering mobile money, bill payments and remittances through its platform.
4.) Melanin Kapital (Kenya) – Melanin Kapital is building a carbon neobank allowing African businesses to access green loans and carbon credits.
5.) Oumba (Kenya) – Umba is a fully licensed digital microfinance bank, offering bank accounts and financial services to its customers in Kenya and Nigeria.
🇳🇬Nigerian digital bank, Umba, raises $15 million in Series A funding https://t.co/vmXK4K8bfZ
–BitKE (@BitcoinKE) April 21, 2022
6.) Zendawa (Kenya) – Zendawa enables neighborhood pharmacies to sell online and use integrated financial services.
7.) Enza (Egypt) – Enza helps banks better engage SMEs through mobile acceptance and extends banks’ current offerings to SMEs with loans and deposits.
8.) Monéco (Algeria) – Moneco is a neobank that connects Europe to Africa with the aim of facilitating access to bank accounts for the African diaspora.
9.) MoneyHash (Egypt) – MoneyHash consolidates multiple payment APIs into a single integration point, simplifying the payment and routing process for its merchants.
FINANCING | Egyptian fintech, MoneyHash, raises $4.5 million to expand its payments orchestration platform – https://t.co/f5rDHg1lcc#Funding #Startups #Fintech #OrchestrationPayment
🌟Summary of news in response🌟https://t.co/WGKVMCgIz4
– Funding News (@fundingnews_) March 1, 2024
10.) WafR (Morocco) – WafR has developed a digital wallet that allows informal traders to market financial services across Morocco.
11.) Block African markets (South Africa) – Block Markets Africa uses tokenization of real-world assets to create open financial markets infrastructure (FMI) and institutional applications.
12.) Jabu (Namibia) – Jabu offers a suite of cash management and digital financial services products across Southern Africa.
13.) Ordev (South Africa) – Ordev is an aggregated middleware platform that integrates digital services and providers for retail and hospitality businesses across Africa.
14.) Sticitt (South Africa) – Sticitt simplifies school-related payments to increase collections from parents and the wider community while reducing administrative work.
15.) Boumpa (Nigeria) – Bumpa powers digital commerce for retail and D2C businesses in Africa.
Nigerian🇳🇬SME Automation Platform, Bumpa, Raises $4M in Seed Round
So far, Bumpa has:
* Worked with over 50,000 businesses
* Helped customers record over 200,000 orders
* Enabled its customers to trade $20 million in gross merchandise volumehttps://t.co/nIvbkS1u66–BitKE (@BitcoinKE) October 28, 2022
16.) Kredete (Nigeria) – Kredete is a digital lending marketplace that provides all-in-one credit infrastructure to borrowers and lenders across the continent.
🇳🇬FUNDING | Nigerian Fintech Web3, Kredete, Raises $2.25 Million After Crossing 300,000 Users and Over $100 Million in Transactions
Kredete leverages blockchain technology to allow African immigrants to build credit scores and send money home with low fees.
See also
On average, users… pic.twitter.com/1xfpASRhqX
–BitKE (@BitcoinKE) September 4, 2024
17.) NearCountry (Nigeria) – NearPays is a full-service payment platform allowing businesses to pay, accept payments, transfer funds and track cash flow.
Nigerian start-up 🇳🇬, NearPays, wins the first Gitex Africa Fintech and Blockchain prize in Morocco
The *shortlist* for the startup pitch competition was *selected from over 300 applications*.https://t.co/7IyDrlwYNR @nearpays pic.twitter.com/L9hDBmxiSB
–BitKE (@BitcoinKE) June 13, 2023
18.) PaySika (Cameroon) – PaySika is building the first challenger bank in Central Africa, enabling individuals and SMEs to receive IBANs and transfer money across Africa.
19.) UsWire (Ghana) – WeWire is a B2B cross-border payment solution designed to help businesses easily collect and pay their sellers, suppliers and business partners.
The three-month program will culminate with an exclusive in-person demo day, providing startups the opportunity to showcase their game-changing solutions to an audience of investors, industry leaders and potential partners.
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