Visa has announced that 19 African startups have been selected to participate in the third cohort of the Visa Accelerator program – Africa. The startups represent 21 African countries and operate in various sectors, including embedded finance, digital banking, and SME lending. During the program, they will have access to growth-enabling resources.
This groundbreaking initiative connects Africa’s brightest minds with experienced mentors, cutting-edge technology, and unparalleled investment opportunities.
Supporting the entrepreneurial drive of women across the continent, 85% of the startups feature female leadership, rising from less than 50% in the inaugural edition.
The Accelerator program, launched in June 2023, is reflective of Visa’s ongoing efforts to help uplift the digital economy in Africa, including a pledge to invest $1 billion in the continent by 2027 to help revolutionize the payments ecosystem.
Here are the selected startups:
- Kenya — Credable Group, Melanin Kapital, Umba, and Zendawa
- Nigeria — Bumpa, Kredete, and Nearpays
- South Africa — Block Markets Africa, Ordev.io, and Sticitt
- Egypt — enza and MoneyHash
- Algeria — Moneco (YC S22)
- Cameroon — PaySika
- Ethiopia — Kacha | ካቻ
- Ghana — WeWire
- Morocco — WafR
- Namibia — JABU
- Rwanda — Fixa
