On Wednesday, February 13, Visa held its first demo day for its Africa Fintech Accelerator program which aims to showcase innovations from emerging Fintech startups from 18 countries across Africa.
The event which was held in Nairobi featured fintechs such as Duqha, Kenya, Power, Kenya, Workpay, Kenya, OkHi, Nigeria and Eversend, Uganda, among others who were selected from more than 1,000 applicants across diverse subsectors including merchant payment solutions, lending infrastructure, Banking-as-a-Service, and B2B marketplaces.
Fintechs involved in the demo day are part of the program launched in June 2023 which aims to enable Africa’s expanding startup community.
“Following the success of the inaugural accelerator, Visa is inviting a second round of disruptive startups to apply to the program, in an ongoing effort to support Africa’s growing fintech ecosystem.” Otto Williams, Senior Vice President, Head of Product, Partnerships and Digital Solutions for Visa Central and Eastern Europe, the Middle East, and Africa (CEMEA), stated.