Visa has welcomed 22 startups from across Africa to its fintech accelerator program. This 12-week program provides mentorship, training, networking opportunities, and access to funding for the fintech startups. These startups, representing diverse solutions, will embark on the program, which aims to boost the continent's financial landscape. Selected from 28 African countries, these companies offer various solutions, from neo-banking to social commerce, poised to address the pressing challenges and opportunities in Africa's fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions.

Source: The North Africa Journal May 30, 2024 14:32 UTC