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Visa Investment In Four African FinTech: Visa is pushing in fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program.
The company did not disclose the size of each investment but said it was part of its ongoing strategy to support digital innovation in Africa, helping drive fintech growth across the continent while bolstering financial inclusion and access.
The four start-ups, operating across multiple African countries are:
Also Read: Visa Presents Payment Facilitator Certificate to Safaricom
Visa Investment in Four African FinTech program lasts for three months and supports seed to Series A startups by providing them with mentorship, training, and opportunities for funding and partnerships, according to the release.
It was first launched in 2023 and is part of Visa’s pledge to invest $1 billion in the continent by 2027 to bolster its digital transformation.
“Visa Investment In Four African FinTech mark a substantial step for Visa — we are once again standing behind our commitment to innovation in Africa, helping to shape the future of digital payments alongside some of the brightest FinTech minds that the continent has to offer,” Godfrey Sullivan, senior vice president of products, partnerships and digital solutions for Visa CEMEA, said in the release.
“Visa sees each investment as a unique opportunity to drive financial access and inclusion, and we are proud to support these startups as they realize their vision for a more connected Africa.”
Visa said that additional investments and commercial partnerships with the program’s graduates are being finalized and will be announced soon.
The Visa Africa Fintech Accelerator program is also supported by Amazon Web Services (AWS), which offers free cloud services to cohort participants.
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