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.
Nairobi-based Purple Elephant Ventures (PEV), a startup studio focused on tourism, has secured an extra $500,000 to boost its seed funding round to $5 million.
Egypt’s T-Vencubator, a prominent venture capital firm and incubator, has unveiled its initial investment program, which aims to back five startups by 2025.
Naked, a South African insurtech company, has successfully raised $38 million in a Series B2 funding round.
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