Global inclusive tech accelerator Catalyst Fund, managed by BFA Global, has secured a US$3.5 million investment from specialist development agency FSD Africa to anchor its presence in Africa, and scale its work as a leading accelerator and pre-seed impact fund for emerging market entrepreneurs. Catalyst Fund supports inclusive tech innovators in emerging markets offering inclusive solutions for underserved and climate-vulnerable communities. FSD Africa, meanwhile, is a specialist development agency working to help make finance work for Africa’s future. The next cohort of startups will feature fintech solutions that build the resilience of underserved and climate vulnerable communities in emerging markets. “We are thrilled to welcome FSD Africa as an anchor investor of Catalyst Fund to enable our next phase of growth.

Source: The North Africa Journal July 15, 2022 07:06 UTC