Visa Invests in Four African Fintech Startups From Accelerator Program
Visa, a global leader in digital payments, has announced investments in four promising African fintech startups that graduated from its inaugural Visa Africa Fintech Accelerator program.
This strategic move underscores Visa’s commitment to fostering innovation and driving financial inclusion across the continent. While specific investment amounts have not been disclosed, the funding will support these startups in scaling their operations and expanding their impact.
The four startups that received funding are:
- Oze (Ghana): This fintech empowers small and medium-sized enterprises (SMEs) with digital tools for record-keeping and embedded finance.
- Workpay (Kenya): This HR tech company offers a cloud-based payroll and HR platform serving 35 African countries.
- OkHi (Nigeria): This startup provides a smart addressing system to improve delivery logistics and financial access.
- ORDA (Nigeria, Kenya, South Africa): This fintech digitizes restaurant operations with cloud-based solutions for order processing, inventory management, and financial services.
Godfrey Sullivan, Senior Vice President of Products, Partnerships, and Digital Solutions for Visa CEMEA, stated, “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.”
This investment aligns with Visa’s $1 billion pledge to expand its presence, deploy new technologies, and drive partnerships across Africa. The Visa Africa Fintech Accelerator program, launched in 2023, provides seed to Series A startups with mentorship, training, and funding opportunities.
Visa is set to welcome its second cohort to the accelerator program in January 2024, further solidifying its dedication to nurturing African fintech innovation.
