Two Nigerian fintech startups-Esusu and PaddyCover, have been named among the 12 startups that would participate in the Catapult: Inclusion Africa Program.
The selected African fintech startups for the Catapult: Inclusion Africa Program working to improve financial inclusion in Africa will now proceed to Luxembourg for a 1-week training and networking Bootcamp on the 1st – 8th of March 2020.
Developed by the Luxembourg House of Financial Technology (LHoFT), the Catapult: Inclusion Africa Program targets companies focusing on financial inclusion in Africa, aiming to build bridges between Africa and Europe, highlighting their initiatives and very much aligned with the sustainability goals of Luxembourg’s finance centre.
The principle of Catapult: Inclusion Africa Program is to provide support to promising Fintechs for Financial Inclusion startups and help them move to the next stage of their development in Africa and in Europe.
Meet the African fintech startups selected for the Catapult: Inclusion Africa – 2020 Cohort
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 the delivery of digital financial services to the last mile.
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.
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.
CinetPay – Côte d’Ivoire
CinetPay is 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.
A-Trader – Tanzania
A-Trader is 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.
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.
People’s Pension Trust – Ghana
People’s Pension trust offers pension product 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.
Pezesha – Kenya
A Holistic Digital Financial Marketplace & Infrastructure for Underserved MSMEs in Africa. Offering lending, financial education, and debt counselling to borrowers, plus a proprietary credit scoring system to vet MSMEs without a credit history, de-risking lending to SMEs.
SympliFi – United Kingdom
SympliFi is a global online marketplace that enables diaspora around the world to easily access impactful financial solutions in their home country for self and family, at the touch of a button, because people want to do more than just send money back home.
uKheshe – South Africa & UK
uKheshe is a unique digital payment acceptance platform that enables informal merchants and traders to accept card payments without the need of a bank account, smartphone or formal business registration. Using payments as the catalyst to access broader financial services such as lending and insurance.