Applications have opened for the fintech accelerator programme run by Village Capital and PayPal, which is recruiting from Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, and Uganda.
Village Capital Fintech Africa 2018 will see a cohort of 10-12 early-stage fintech startups go through a three-month investment-readiness programme early next year.
“Specifically, we’re looking for startups that address insurtech, pensions and savings, cooperative finance, and financial literacy; leverage data for credit scoring and consumer insights; and apply fintech to our other sectors of interest: agriculture, energy, education, and health,” Village Capital said.
Disrupt Africa reported in May Village Capital and PayPal announced the expansion of their investment-readiness programme for financial health entrepreneurs to several new regions, including Sub-Saharan Africa. The organisations announced they will host four incubator programmes around the world over the next two years: in the US, Latin America, India and Sub-Saharan Africa.
At least 40 emerging fintech entrepreneurs will be supported through the programmes. Retaining Village Capital’s unique peer-selection investment model, at the end of each programme, participating entrepreneurs will review each other to decide which two participants will receive US$50,000 investment each from Village Capital.