New Investments
Visa Selects 19 African Startups for Third Fintech Accelerator Cohort
Visa has announced the 19 African startups selected to participate in the third cohort of its Visa Africa Fintech Accelerator program.
Representing 21 countries and covering diverse sectors such as embedded finance, SME lending, and digital banking, these startups highlight the continent’s thriving fintech ecosystem.
With 85% of the selected startups featuring female leadership—a significant increase from the program’s first edition—the Accelerator underscores the growing role of women in Africa’s innovation landscape.
Now in its third iteration, the Visa Africa Fintech Accelerator offers participants a 12-week intensive program that equips them with mentorship, resources, and strategic connections to scale their solutions.
The program culminates in an exclusive Demo Day, where startups showcase their innovations to investors, industry leaders, and potential partners.
Launched in 2023, the program has supported up to 45 startups annually with a 12-week intensive mentorship and funding opportunity.
Meet the Startups of Cohort 3
This year’s participants include:
- Credable (Kenya): A digital banking platform enabling financial institutions to embed financial services.
- Fixa (Rwanda): An end-to-end staffing solution for deploying blue-collar workers.
- Kacha (Ethiopia): Ethiopia’s first licensed private payment platform offering mobile money services.
- Melanin Kapital (Kenya): A carbon neobank providing green loans and carbon credits.
- Umba (Kenya): A digital microfinance bank serving Kenya and Nigeria.
- Zendawa (Kenya): An embedded finance solution for neighborhood pharmacies.
- Enza (Egypt): A platform enhancing SME engagement for banks.
- Moneco (Algeria): A neobank connecting Africa and Europe for diaspora banking.
- MoneyHash (Egypt): A payment API aggregator simplifying financial transactions.
- WafR (Morocco): A digital wallet for informal merchants.
- Block Markets Africa (South Africa): Tokenizing assets to create open financial markets.
- Jabu (Namibia): Digital cash management solutions for Southern Africa.
- Ordev (South Africa): Middleware integrating digital services for retail and hospitality.
- Sticitt (South Africa): Simplifying school-related payments.
- Bumpa (Nigeria): Digital commerce solutions for retail and D2C businesses.
- Kredete (Nigeria): A lending marketplace for borrowers and lenders.
- NearPays (Nigeria): A payment platform for tracking cash flow.
- PaySika (Cameroon): Central Africa’s first challenger bank.
- WeWire (Ghana): A B2B cross-border payments solution.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Saviu Ventures Secures $13 Million in First Close of Second Fund
Saviu Ventures, a leading venture capital firm dedicated to investing in promising startups across Francophone Africa, has successfully reached the first close of its second fund, Saviu II.
Vantage Capital Pumps $47.5 Million into Expansion of Kenyan Business Park Two Rivers
Two Rivers International & Innovation Centre (TRIFIC SEZ), a unique services-oriented business park within Nairobi’s diplomatic zone, has secured a $47.5 million investment from Vantage Capital, Africa’s largest mezzanine fund manager.
Top 10 Most Funded African Startups in H1 2024 (Numbers, Analysis, & Trends)
The first half of 2024 marked a challenging period for African startups, with a substantial decline in total funding compared to H1 2023.