Global payments tech company, Visa has announced opening applications for African startups to participate in the first cohort of its Visa Africa Fintech Accelerator program.
The accelerator program, according to the company, is focused on startups operating in Africa and will run for 12 weeks, twice a year, with up to 20 startups per cohort.
“Startups up to Series A stage are encouraged to apply through the Visa website for a chance to gain unparalleled expertise, valuable industry connections, cutting-edge technology, and potential investment funding,” the payment platform said on its website on Thursday.
“In line with Visa’s pledge to invest $1 billion in Africa by 2027, the accelerator aims to strengthen Africa’s payment ecosystem through innovations and technologies, focusing on digitizing economies, upskilling talent, and building capacity,” it stated.
In a statement issued by Otto Williams, Senior Vice President, Head of Product, Partnerships and Digital Solutions for Visa, the Visa Fintech Accelerator is looking for disruptive startups that operate and generate revenue within the African continent.
”Through the Visa Africa Fintech Accelerator, Visa is committed to driving financial innovation, fostering entrepreneurship, and supporting the growth of Fintech ecosystems across Africa.
“This accelerator represents a unique opportunity for Fintech startups to access invaluable resources, mentorship, and potential investment opportunities,” he said, adding that the applications would close on August 25, and the first cohort would be announced in September.