Payments giant Visa has announced the startups from sub-Saharan Africa that were shortlisted for the second cohort of its Africa Fintech Accelerator program. The selected startups offer a range of solutions, including neo-banking, merchant payments, credit scoring, risk and identity management, embedded finance, social commerce and escrow services. The second cohort comes from nine countries in sub-Saharan Africa – with operations across 28 African countries – and 65% of the startups are female led. Visa said that the first cohort of startups have reported positive outcomes from the program, such as increased user growth, product enhancements, funding opportunities and strategic partnerships with Visa and other industry players. In addition to the 18 startups from sub-Saharan Africa that have been announced, North African startups will also be unveiled next week on the sidelines of GITEX Africa in Morocco.

Source: The North Africa Journal October 10, 2024 11:54 UTC