Visa has recently launched a fintech accelerator program specifically designed for African startups. This program aims to provide fintech startups with the necessary resources, mentorship, and funding to help them grow and expand their businesses. The program will run for four months and will be available to fintech startups across Africa.
The fintech accelerator program will focus on four key areas: financial inclusion, digital payments, financial literacy, and cross-border payments. These areas align with Visa’s goal of promoting financial inclusion and expanding access to digital payments across the African continent.
Visa has partnered with global and local organizations to support the program, including Venture Capital for Africa (VC4A), Digital Frontiers Institute, and the International Finance Corporation (IFC). The program will provide selected startups with access to Visa’s network of partners, experts, and resources, as well as the opportunity to collaborate with other fintech startups in the region.
The launch of this fintech accelerator program demonstrates Visa’s commitment to promoting innovation and financial inclusion in Africa. By supporting fintech startups across the continent, Visa aims to advance digital payments and financial literacy, contributing to the economic growth and development of African countries.