Key Developments

Meet the 23 African Startups Selected for Visa's Inaugural Fintech Accelerator

Visa has selected 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.

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:

  • 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, fintechs, 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
  • Duhqa (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
  • (Zambia): Online microlending and investment platform
  • Konnect (Tunisia): Offers payment links by SMS, email, Messenger, or WhatsApp

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.

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