CATAPULT: Inclusion Africa has selected 13 fintech startups for its 2020 edition aiming to build bridges between Africa and Europe, by connecting firms in financial inclusion in the two regions.
CATAPULT: Inclusion Africa is sponsored by the Ministry of Foreign & European Affairs – Directorate for Development and Humanitarian Affairs, and supported by key strategic partners and leverages Luxembourg’s Inclusive Finance and Fintech ecosystems.
The program will provide a tailor-made program with intensive mentoring, coaching, peer to peer learning and dedicated workshops for the selected Fintech startups. The program will include sessions on business model mapping, investment readiness, funding and capital raising, social impact, scaling strategy, building teams, operational management, advisory meetings with investors, and pitch development.
The 13 Selected Fintech Startups:
A-Trader
Tanzania
A-Trader are building a Robo-Advisor to provide automated investment recommendations for Africa’s growing middle class through real-time access to Africa’s Stock Markets, savings/investments options, and easily understandable structured financial instruments.
CinetPay
Côte d’Ivoire
CinetPay is a mobile money, credit card and other wallet payment gateway allowing e-commerce sites, e-service, companies and institutions to accept all means of payment online or offline in 8 countries in Africa.
Dundiza
Tanzania
Dundiza is the first digital wallet platform that enables young people and women living in marginalized communities to securely save and manage their money instantly while being to gain competitive interest and access credit scorings from the savings.
Esusu
Nigeria
Esusu Africa Limited is tackling the problems of informal savings schemes across Africa. We do this through ELECTRONIC ESUSU, a digital platform designed to simplify thrift savings, collections and microcredit towards enhancing delivery of digital financial services to the last mile.
Eversend
France
Eversend is building a neobank for Africans, anywhere in the world A multi-currency e-wallet that allows users to exchange, spend and send money at the best possible rates. Insurance, virtual debit cards, and bill payments, and USSD channels so that anyone with a mobile phone can access financial services.
Exuus
Rwanda
Exuus aims to leverage the power of informal collective saving schemes through a digital and decentralized collective wallet for saving groups. They’ve created SAVE to allow both unbanked and underbanked population to access financial services without necessarily having a bank account.
OZÉ
US & Ghana
OZÉ brings African SMEs into the digital era with an app that makes it easy for businesses to track sales, expenses, and customer information. The data is analyzed to provide tailored recommendations, reports, and business insights. If the entrepreneur needs a little extra support, an OZÉ Coach is just a click away.
PaddyCover
Nigeria
PaddyCover is an insurance service aggregator and technology company, powering affordable pay-as-you-go insurance in Nigeria & Africa, working with established insurers and customer aggregators to offer a multi-channel platform that facilitates flexible and convenient payment.
People’s Pension trust offers pension products to workers in the informal sector (farmers, market woman, self-employed, taxi drivers etc. for which people can save daily, weekly or monthly, with flexible contribution amounts, done by mobile phone or other means.
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