Ten startups have been selected to take part in a four-day fintech bootcamp hosted by Visa and Nest in Nairobi, Kenya.
Disrupt Africa reported in December early stage venture capital (VC) firm and innovation incubator Nest had partnered Visa to host the bootcamp, aimed at accelerating fintech innovation across Africa.
The bootcamp, which starts on March 24 and concludes with a Demo Day on March 27, aims to power collaboration opportunities between early-stage technology companies, Visa and financial institutions from across Africa for potential integration.
The startups selected include seven from Kenya: verification startup OkHi, restaurant rewards solution EatOut, financial literacy app Lakt, product fulfillment solution SokoWatch, mobile PoS system Data Integrated, cloud-based PoS system Bamba POS, and mobile payments aggregator Lipisha.
Two United Kingdom (UK) startups are also included, namely speech processing app Ajala Studios and FX execution platform Kwanji, as well as one from Finland, financial management application Overview Technologies.
The 10 participants were selected from pool of 122 applicants from 12 countries, including Kenya, Uganda, Rwanda, Ghana, South Africa, Cameroon, Nigeria, Belgium, Switzerland, the UK, France and the United States (US).
“The finalists will get the opportunity to gain knowledge and insights from experts at Visa, as well as gain access to Visa APIs and tools, and Nest’s resources to scale their startup through Africa and beyond,” Visa country manager for East Africa Sunny Walia said.
“We’re excited about helping our great corporate partners unlock the potential by working alongside startups as there are unlimited possibilities and opportunities,” Aaron Fu, managing partner at Nest Africa said.
“The Visa Bootcamp brings together marquee innovators solving critical challenges in the FinTech landscape on structured platform for these highly promising businesses to explore partnerships with Visa and its partner bank network, as well as have one-on-one interactions with potential funders.”