Six African fintech startups have been selected to participate in a prestigious Catalyst Fund-facilitated accelerator program.
The 8th cohort for its Inclusive Fintech Program was announced today by Catalyst Fund, a global accelerator operated by BFA Global.
The accelerator runs the flagship program annually and selected startups receive £80k (~US$100k) in grant funding, six months of support and ties with follow-on investors, with an emphasis on Kenya, Nigeria, South Africa, Mexico and India.
In addition, five startups founded by women and with female co-founders are in the selected cohort.
Here are the startups in the 8th cohort.
Ghana
Jetstream, which enables companies to export goods across borders cost – effectively and access trade financing in Nigeria and Ghana
Kenya
Koa, Enabling users of current technology solutions to save and invest more easily and gain control of their finances in Kenya
Lami, Providing an insurance portal and API that allows more people and companies in Kenya to access insurance coverage
Power, Enabling employees to easily access earned salaries, loans, pensions, payments and contribute to savings through partner banks to alleviate Kenya’s financial burden.
Nigeria
Indicina, Facilitating lending through AI-powered digital credit infrastructure and credit subscription services for individuals and small businesses in Nigeria
Kandua, Empowering trained home service professionals in South Africa with greater access to consumers, technical resources, and digital financial services.
