Applications for Pan-African Fintech Accelerator now open
Funded by the SANAD Fund for MSME, in partnership with MEST Africa and Impact Lab, the Pan-African Fintech Accelerator is a six-month virtual program designed for high potential technology businesses looking to scale their business, create global partnerships, and explore North African markets. Ten (10) fintech startups from Uganda, Kenya, Ivory Coast, Ghana and Senegal will go through a high-impact and tailor-made market integration and immersion program that will enable participants to launch
successfully into North Africa and scale their businesses globally.
The Pan-African Fintech Accelerator is open to startups in regulatory technology, personal finance, lending, insurance, payment and money transfer, HR and payroll, as well as wealth management, accounting and expense management. Founders will receive training on building a robust tech product and business, as well as one-on-one mentorship and support from local industry experts in the tech ecosystem of North Africa.
The mission of the program is to accelerate the growth of fintech startups in Africa and equip them with the skills and knowledge to successfully scale their solutions into North Africa through training, mentorship, acceleration and market expansion.
At the end of the program, each founder will have the opportunity to pitch in front of investors, potential clients, commercial partners and other key stakeholders. Participants will also benefit from one-on-one meetings, matching their fintech startups with potential partners in the tech industry.
The Pan-African Fintech Accelerator is an equal opportunity initiative and will target an equal ratio of male to female participants.
Applications Open: 25th November 2020
Applic ations Close: 20th December 2020
? Must be a growth stage fintech company looking to have market entry into North Africa.
? Must be operational in either Ghana, Kenya, Ivory Coast, Uganda and Senegal.
? At least one founder must be a citizen of one of the participating countries.
? Must be a Fintech startup providing solutions in regulatory technology, personal finance,
lending, insurance, payment/money transfer, HR and payroll, wealth management, accounting
and expense management.
? Must have begun operations at least two (2) years before applying for this program
? Must have a dedicated full time founding team with at least 1 female founder
? Have evidence of revenue and a clearly demonstrated potential to scale.
? Industry-specific training on how to assess and enhance your fintech product, design thinking,
software engineering, business model development, user discovery, product lifecycle, agile
product roadmaps, product testing, data analysis and business model evaluation.
? Facilitated sessions with North African experts on the local fintech regulatory environments as
well as mindset culture.
? Workshops on leadership, unit economics and business partnerships.
? Industry meet-ups with North-African stakeholders and ecosystem players including institutional
partners, corporates, and ecosystem players such as VCs.
? Virtual one-to-one sessions with pre-identified potential clients or commercial partners.
? Tailored sessions on go-to-market strategies including coaching on presentation, pitching and
public speaking, as well as support in developing adapted marketing material.
? Participation in Demo Day where startups will meet and present to an audience of investors,
industry experts, corporates, ecosystem players.