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Visa launches the African Fintech Accelerator Program

Visa launches the African Fintech Accelerator Program

  • The Africa fintech accelerator program will be a three-month intensive learning program focusing on business growth and mentoring.
  • The AfDB created the Africa Digital Financial Inclusion Facility as a blended finance facility to accelerate digital financial inclusion in Africa.
  • The VEI competition in 2022 hosted more than 1000 African fintech startups.

The steady growth of Africa’s fintech companies has caught the attention of various international investors keen on its lucrative potential. New Visa announced the launch of the Africa Fintech Accelerator Program to assist startups in gaining some foothold in the competitive markets. With investors flooding Africa, its fintech industry might become its most profitable economic activity.

Increase Of Digital Innovation

Africa’s digital transformation has taken a turn for the better in terms of innovations and economic growth. Nigeria, Kenya, Egypt and South Africa are prime examples of how shifting to a more digital platform can open vast financial doors.

The post Visa launches the African Fintech Accelerator Program appeared first on The Exchange.

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