Visa has selected 23 African startups for the inaugural cohort of its Visa Africa Fintech Accelerator, a program 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 23 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
PremierCredit (Zambia): Online microlending and investment platform
Konnect (Tunisia): Offers payment links by SMS, email, Messenger, or WhatsApp