The fourth cohort of the Visa Africa Fintech Accelerator has officially kicked off, featuring 22 innovative startups from across the continent. Notably, the cohort includes a strong representation from the MENA region, with four startups from Egypt and Morocco being selected for the prestigious program.
By the Numbers
- 4th: The cohort of the Visa Africa Fintech Accelerator.
- 22: Startups selected from 12 African countries.
- 4: Prominent MENA fintechs included in the new cohort.
- 12 Weeks: The duration of the intensive accelerator program.
A Platform for Africa and MENA’s Top Fintechs
The Visa Fintech Accelerator is a 12-week program designed to support and scale Africa’s most promising fintech startups. The initiative provides founders with expert mentorship, tailored training, and crucial access to Visa’s extensive network of partners and investors. The inclusion of four startups from North Africa highlights the program’s reach and its importance for the MENA ecosystem.
Showcasing MENA’s Fintech Innovation
The four MENA-based startups selected for this cohort are tackling key challenges in the financial sector:
- Flend (Egypt): An embedded finance platform focused on providing supply chain financing solutions for Small and Medium-sized Enterprises (SMEs).
- MNZL (Egypt): An innovative platform that allows individuals to use their real estate assets to access a range of financial products.
- Chari (Morocco): A B2B e-commerce and fintech platform for traditional retailers.
- LYA (Morocco): An AI-powered platform for customer support and engagement.
Their participation underscores the strength and sophistication of the burgeoning fintech scene in both Egypt and Morocco.
About the Visa Africa Fintech Accelerator
The Visa Africa Fintech Accelerator is a major initiative by the global payments leader to foster innovation across the African continent. The program aims to co-create the future of payments and commerce by providing startups with the resources and network they need to succeed on a global scale.
Source: MEA Tech Watch
