Visa has announced the selection of 22 innovative fintech startups from across Africa for the fourth edition of its highly regarded Africa Fintech Accelerator. Launched in 2023, this 12-week intensive programme aims to accelerate the growth and impact of promising fintech ventures on the continent.
Since its inception, the programme has supported 64 startups, with nearly 20 active partnerships currently in place. Notably, four startups from the first cohort have recently secured strategic funding from Visa, and the company has invested in two ventures from the third cohort.
The selected startups represent a diverse range of countries and sectors. From Kenya, the cohort includes Lemonade Payments, Muda, Sevi, ShopOkoa, and Twiva. Nigeria is represented by PressPayNg, Shiga Digital, Startbutton, and Vittas. Egypt has Flend and MNZL, while Morocco’s representatives are Hsabati and Woliz. Zimbabwe’s entrants are BigDot.ai and ChatCash. Other participants come from Uganda (Credify Africa), Mauritius (IPT Africa), Democratic Republic of Congo (Maishapay), Ghana (Motito), Botswana (mystocks.africa), Ivory Coast (OKO Finance), and South Africa (Zazu).
The programme will culminate with an in-person demo day, offering startups the opportunity to showcase their solutions to investors, partners, and industry leaders.
Applications are now open for the fifth cohort, with fintech startups that have a minimum viable product (MVP) or a market-ready solution based in Africa encouraged to apply before August 15. This initiative continues Visa’s commitment to fostering financial inclusion and innovation across the continent.