Exploring Africa’s blossoming fintech ecosystem, The Fintech Occasions delves into the success of Visa’s Accelerator Program by means of the lens of its contributors, uncovering this system’s instrumental function in fostering and bolstering startups throughout the continent.

Launched in July of final yr, the Visa Africa Fintech Accelerator is a 12-week digital initiative designed to assist fintech startups all through the continent, offering them with the mandatory sources to foster development and make a major contribution and influence on the African digital economic system.

With this system now accepting functions for its second cohort, the primary iteration of the accelerator featured 23 startups representing sub-sectors from all areas of fintech together with service provider fee options, lending infrastructure, banking-as-a-service, neo banking, Purchase Now, Pay Later (BNPL), and B2B marketplaces.

For additional insights into their engagement, Polly Jean Harrison from The Fintech Occasions sat down with Stone Atwine, CEO of Eversend – a digital-only finance platform geared toward serving people and companies in Africa and past, with a mission to reinforce accessibility and affordability in monetary companies.

Progress and growth

For the startup, with the ability to take part within the accelerator program has been a “pivotal expertise” in accordance with Atwine.

He stated: “It’s contributed considerably to our development and growth as an organization. By this system we’ve gained entry to a community of friends – that is extraordinarily vital to us to attach with potential companions and business leaders. These connections have opened doorways for potential collaborations and partnerships, and even clients.”

Invaluable mentorship

Throughout this system, every startup obtained personalised mentoring from business professionals in addition to invaluable content material from a wide range of gamers throughout the ecosystem. For Atwine, it was this mentorship that was one of the vital invaluable features of this system.

He stated: “Moreover, we’re actively pursuing partnerships with Visa and have been lucky to obtain mentorship from the Visa staff, together with business specialists and leaders, in addition to the Plug and Play staff. These mentors have provided insights into strategic planning, product growth and scaling operations which have been actually instrumental in refining our enterprise mannequin.”

He concluded: “Whereas going by means of this system we managed to get to 2 million downloads – that’s an enormous deal for us. Visa has considerably helped us improve our visibility and credibility available in the market, so this has been actually helpful for us when it comes to attracting new companions and new clients. General, we’re very pleased with our involvement within the accelerator.”

To be taught extra about Eversend, its place within the African market and involvement within the Visa Fintech Accelerator, watch the full video interview under.