Visa Selects 23 African Startups For The Inaugural Cohort of Its Visa Africa Fintech Accelerator

Global payments company Visa has announced the selection of 23 African startups for the inaugural cohort of its Visa Africa Fintech Accelerator.

The program is designed to support the growth of Africa’s vibrant Fintech ecosystem, as each selected startup will receive mentorship, training, and funding from Visa and its partners.

Also, they will get to enjoy several product discounts from more than 100 vendors worth $200,000. This includes credits from Google Cloud and HubSpot.

Out of the number of selected startups, Nigeria is said to have dominated the list, followed by Ghana, Kenya, Morocco, South Africa, Egypt, Uganda, Zambia and Tunisia.

Check Out The List of Selected Startups: 

•Anchor (Nigeria): Provides APIs, dashboards, and tools for developers to embed and build banking products

•Dojah (Nigeria): Offers a comprehensive Know Your Customer (KYC) and digital onboarding solution

•Moni (Nigeria): Provides low-interest loans to mobile money agent communities

•OkHi (Nigeria): Allows banks, fintech, and businesses to collect and verify customers’ addresses.

•Orda Africa (Nigeria): African restaurant cloud operating system provider

•Traction (Nigeria): Builds the next generation of payment solutions and business tools

•OZÉ (Ghana): Provides digital recordkeeping tools with embedded finance products to medium and small businesses

•The Blu Penguin (Ghana): Delivers an in-store Point of Sale (PoS) system

•AgroCenta (Ghana): Runs a mobile merchant platform for smallholder farmers

•Affinity Africa (Ghana): Provides banking products to the underserved and unbanked

•Duhga (Kenya): B2B platform for retail distribution of consumer goods

•Power (Kenya): Allows workers to take control of their financial health

•Workpay (Kenya): HR payroll provider

•Chari (Morocco): B2B e-commerce and retail startup

•PayTic (Morocco): Streamlines the back-office operations and risk control of digital payments

•Weego (Morocco): Offers a variety of transportation options and solutions

•Floatpays (South Africa): On-demand wage access platform

•Franc (South Africa): Allows users to invest in leading cash and equity funds

•OnLife (South Africa): All-in-one money management wallet

•Sympl (Egypt): Enables customers to shop and pay later, with no interest

•Eversend (Uganda): Payments platform offering cross-border payments, virtual cards, currency exchange, and crypto buying and selling PremierCredit

•PremierCredit (Zambia): Online microlending and investment platform

•Konnect (Tunisia): Offers payment links by SMS, email, Messenger, or WhatsApp

Visa launch of the Africa Fintech Accelerator program follows its commitment to invest $1 billion in Africa’s digital transformation and its long-term commitment to advancing Africa’s economies and driving inclusive growth.

The support for participating fintech in the accelerator program will help further strengthen the payments ecosystem by fast-tracking innovations and technologies that provide solutions to challenges that are unique to the African continent, and which can further advance Africa’s digitization.