Visa announces launch of second cohort of Africa Fintech Accelerator Program

Visa announces launch of second cohort of Africa Fintech Accelerator Program

- Second cohort applications open until February 29th following inaugural 12-week program.

- The 23 participants from the first cohort will pitch to investors in Nairobi on February 13th during a Demo Day organized by Visa.

Cairo, Egypt: Visa, a world leader in digital payments, announced that its Africa Fintech Accelerator program is now accepting applications for its second cohort. The announcement was made at Fintech Day where several members of the fintech community in Morocco came together to discuss the opportunities to improve the digital payments and financial inclusion landscape in the country. Seed to Series A startups operating in Africa and that fall under specific categories are encouraged to apply on the Visa website, with applications open until February 29th 2023.

Visa also announced they are hosting the program’s first demo day on February 13th in Nairobi. During the event, the first-cohort startups will pitch their innovations to key ecosystem players, funding partners, angel investors, and venture capitalists.

The first cohort featured startups operating in more than 18 African countries – including three from Morocco, one from Egypt and one from Tunisia, with participants shortlisted from over 1,000 applicants across diverse subsectors including merchant payment solutions, lending infrastructure, Banking-as-a-Service, and B2B marketplaces.