Visa Africa Fintech Accelerator Opens Applications for Fifth Cohort, Welcomes 22 Startups to Fourth

Visa has opened applications for the fifth cohort of its Africa Fintech Accelerator program, aimed at helping startups in the Fintech sector grow and make an impact. The program, which focuses on developing minimum viable product solutions based in Africa, has already seen 22 startups participate in its fourth cohort.

These startups are working on various challenges in the fintech sector, such as promoting financial inclusion and digital growth for small and medium businesses. Visa offers mentorship, tailored training, networking opportunities, and access to funding resources to help advance the fintech sector in Africa.

Since its inception in 2023, the program has accelerated 64 fintechs across three cohorts, with an estimated cumulative portfolio value of a billion dollars. The program has also seen significant revenue growth and funding raised by its alumni.

Vice President and Head of Visa West Africa, Andrew Uaboi, highlighted the upcoming Demo Day where startups will have the opportunity to pitch their innovations to potential investors.