Changelabs Launches MENA Fintech SME Accelerator in Egypt

Changelabs, an entrepreneurship support organization, has launched its flagship Fintech for future accelerators in Egypt. 

The initiative aims to help fintech startups develop their products and raise funding.

Changelabs Launches MENA Fintech Accelerator

The Program will support 12 innovative SMEs in the fintech sector to develop their products, and raise funding. It will also help a build new customer base and strategic partnerships to increase access to finance and create high-tech jobs in Egypt. 

This program targets SMEs in Africa and the MENA region aiming to expand their solution into Egypt. 

Changelabs Partners With Other Fintech Startups To Provide Financial Solutions 

The initiative, in partnership with SANAD Entrepreneurship Academy, FMO, Disruptech Ventures, and InDrive New Ventures, will provide a dynamic platform for early-stage ventures to scale their innovative financial solutions that empower individuals and businesses across Egypt.

Karim Samra, Founder, and Managing Director of Changelabs, said, “We’ve teamed up with global transportation leader Indrive’s VC arm and Egypt’s premier fintech VC Disruptech to create a unique program that will shortcut the fintech journey.”

She continued, “This program will provide startups with direct access to existing fintech leaders, introduce them to new customers, build partnerships, and co-develop products and services for maximum success.”

What The MENA Fintech Accelerator Program Provides

The initiative is developed to accelerate the growth of participating startups through:

• Financing Opportunities: Financial investment to support the development and launch of innovative fintech solutions.
• Collaboration Leads: Opportunities to connect with potential investors, partners, and customers.
• Coaching & Mentorship: Guidance and support from experienced industry leaders, investors, and entrepreneurs.

Also, participating startups will receive $25k of AWS funding, tech support as well as design services, and more. 

Upon completing the program, startups will have the opportunity to pitch to investors during Demo Day and will be connected with the ecosystem’s vast network of international investors, industry experts, and partners.

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Additionally, the program will support 12 innovative SMEs in the fintech sector to develop their products, raise funding, and build new customer and strategic partnerships to increase access to finance and create high-tech jobs in Egypt.

Application is still ongoing and you can apply here. 

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