For the first cohort of the Amazon Web Services (AWS) FinTech Africa Accelerator, 25 African fintech startups have been chosen.
The program, which is sponsored by AWS’ well-known Startup Loft Accelerator, will target African startups that are engaged in fintech and related industries. The equity-free accelerator is made to work closely with CEOs and CTOs, providing them with a range of resources such as strategy, tech team management, product development, and aiding founders in getting ready to handle the challenges of fundraising.
From more than 500 applications, the cohort of 25 startups was chosen, and they will now begin the 10-week program in June. To aid in the development of their companies, each startup will receive technical review workshop sessions, up to US $25,000 in AWS technical credits, world-class sector advice, and one-on-one mentoring from key industry players such as the Africa Fintech Summit (AFTS), Lendsqr, and Vestbee.
Ashiri NG, bunce, DeemPay, Fluna, Incash, KoinWa, Stacs, Vagrent Africa, WALLX Africa, Zainnest, and Zeeh Africa are just a few of the eleven Nigerian startups in the cohort. Chumz, hela.money, Kiotapay, and Mauzo are four from Kenya, and Asaana Pay, Edanra, Exxtra, and H28 Technologies are four from Ghana.
eMaisha Pay and Xazu Technologies are two more from Uganda, and Abela iMali and Moya Money are two each from South Africa and Uganda. Dreamcash from Cameroon and MazAid from Egypt round out the cohort.
“At AWS, we’re thrilled to be a part of Africa’s digital transformation, making core financial services accessible to more individuals and businesses. We believe that anyone regardless of their location should be able to access innovative technologies and realise their dreams,” said Napa Onwusah, startup segment lead at AWS. “I am excited that the accelerator will be instrumental in empowering these startups to grow and scale their businesses.”
