The Honeywell Group and the African Economic Revolution Fund (AERF) have partnered to launch Itanna, a five-month, Lagos-based accelerator for fintech startups that offers up to US$100,000 in investment.
Each participant will be provided with US$20,000 funding, while two startups will be selected from each cohort to receive additional investment of US$100,000 at the end of the programme. Startups participating in the programme will also benefit from Honeywell Group and AERF’s networks, expertise and institutional knowledge.
The partners are looking for startups in any area of fintech, but especially disruptors in blockchain tec0hnologies, mobile and virtual registrars, credit scoring, data analytics, online lending, investtech, bots, payments and remittances.0
“In particular, we are looking for founders who ideally have an MVP and want to progress it to the next level. We want people who want to absorb all of our experience, networks and decades-long background in business to make their product or platform into Africa’s next unicorn,” The Honeywell Group and AERF said.