The program is designed to support the growth of Africa’s vibrant fintech ecosystem.
The startups will receive mentorship, training, and funding from Visa and its partners.
Nigerian startups dominated the cohort of selected startups, followed by Ghana, Kenya, Morocco, South Africa, Egypt, Uganda, Zambia, and Tunisia.
The selected startups include:
Visa is committed to supporting the growth of Africa’s fintech ecosystem.
The company has a history of investing in African fintech startups, including Paystack, Interswitch, and Flutterwave.
The Visa Africa Fintech Accelerator is another example of Visa’s commitment to supporting innovation and growth in Africa.
LAfricaMobile, a leader in cloud communication and artificial intelligence (AI), has successfully closed its Series A funding round, raising a total of €6.5 million ($7 million).
Fintech startup, Sycamore, has emerged as the grand winner of the second edition of the Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation, securing a $100,000 prize.
Pan-African private equity firm Inspired Evolution has announced the second closing of its Evolution III fund, raising capital to support clean energy projects across the continent.
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