22 Startups have been Selected for 4th Visa Africa Fintech Accelerator

22 startups have been selected for the 4th Visa Africa Fintech Accelerator, and this is great news for Africa’s growing technology scene. This program started in 2023 and is aimed at helping new fintech companies grow faster and get more customers. It runs for 12 weeks and ends with a special event where the startups show their work to investors and partners.

The 22 startups for the 4th Visa Africa Fintech Accelerator come from different countries all over Africa. Five of them are from Kenya: Lemonade Payments, Muda, Sevi, ShopOkoa, and Twiva. Nigeria has four startups in the group: PressPayNg, Shiga Digital, Startbutton, and Vittas. Egypt, Morocco, and Zimbabwe each have two startups, and other countries like Uganda, Mauritius, Democratic Republic of Congo, Ghana, Botswana, Ivory Coast, and South Africa also have one startup each. This shows that many parts of Africa are joining in to improve financial services through technology.

Since it began, the Visa Africa Fintech Accelerator has helped 64 startups grow. Many of them have started working with Visa or have received investments to help them expand. For example, four startups from the first program in 2023 got important funding from Visa, and two startups from the third program also got investments. This proves the program is making a real difference in helping startups succeed in Africa’s fintech world.

Visa has promised to invest $1 billion to support financial inclusion in Africa by 2027, and the Africa Fintech Accelerator is a key part of this plan. The startups in the program get help from experts, training, and access to Visa’s technology. This support helps them improve their products, reach more people, and grow their businesses faster.

The 4th Visa Africa Fintech Accelerator is a big opportunity for African fintech startups to learn, connect, and attract new investors. It shows how important innovation is for the future of finance in Africa, and how startups are solving problems for individuals and small businesses. The program is creating a community where ideas can grow and where more people can get access to better financial services.

If you know a fintech startup in Africa that already has a working product or service, there is good news: applications for the fifth Visa Africa Fintech Accelerator are now open until August 15. This means even more startups will get the chance to join this exciting program, gain support, and expand their impact.

The news about 22 startups selected for the 4th Visa Africa Fintech Accelerator shows how vibrant and promising the fintech space in Africa is. Thanks to programs like this, many new companies are ready to change the way people and businesses manage money, making finances easier, faster, and more accessible across the continent.

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