Visa Opens Applications for Fifth Africa Fintech Accelerator
TLDR
- Visa has opened applications for the fifth cohort of its Africa Fintech Accelerator, a three-month program offering mentorship, tech resources, and funding opportunities
- The accelerator, launched in 2023, is part of Visa’s $1 billion commitment to financial inclusion in Africa by 2027
- The program aims to help African fintech ventures scale and integrate into the broader digital payments ecosystem
Visa has opened applications for the fifth cohort of its Africa Fintech Accelerator, a three-month program offering mentorship, tech resources, and funding opportunities to early-stage fintech startups on the continent. Applications close on August 15.
The accelerator, launched in 2023, is part of Visa’s $1 billion commitment to financial inclusion in Africa by 2027. Since its inception, the program has supported dozens of startups across four cohorts and facilitated nearly 20 active partnerships.
Visa has also backed several participants with direct investment. Four startups from the first cohort secured strategic funding, while two companies from the third round recently received capital from the global payments firm. The program aims to help African fintech ventures scale and integrate into the broader digital payments ecosystem.
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Key Takeaways
Visa’s accelerator plays a growing role in shaping Africa’s fintech landscape. As startups face tightened funding conditions, support from global players like Visa offers a lifeline. With mobile payments, digital lending, and embedded finance gaining traction, Africa’s fintech sector remains one of the most dynamic in emerging markets. Visa’s targeted investments signal its intent to embed in the continent’s digital economy. By coupling capital with market access, the accelerator serves as a soft entry point for startups into Visa’s global infrastructure. As Africa’s fintech market is projected to reach $150 billion in revenue by 2025 (BCG), initiatives like this help bridge operational gaps while opening cross-border growth paths.
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