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Startup - May 21, 2021

The 12 African Startups to Join CATAPULT Inclusion Africa 2021

Africa accounts for 12 out of the 14 fourteen fintech startups selected to partake in CATAPULT: Inclusion Africa 2021, which helps to scale fintech startups that are driving financial inclusion.

CATAPULT: Inclusion Africa is a programme that aims to accelerated financial inclusion through fintech, produced by LHoFT Foundation, a private sector initiative reaching the world from Luxemburg.

The programme aims to create bridges between Africa and Europe by highlighting companies that are focusing on financial inclusion in Africa. It is very much associated with the sustainability goals of Luxembourg’s finance centre.

Four of the Africa startups selected are from Kenya; Kotani PayRePay.AfricaAsilimia and Vooli, and three from Nigeria; AbawahIgugu Global and Crop2Cash.

Completing the list are Uganda’s Emata, Ivory Coast’s Moja Bank, Sierra Leone’s Mosabi, Tanzania’s Mipango and Ghana’s Nokwary Technologies. The two startup from the international startup ecosystem are Israel’s Chromepay and France’s Juakali.

CATAPULT: Inclusion Africa will once again lean on Luxembourg’s inclusive finance and fintech ecosystems, as well as LHoFT partners, to assist the selected firms in growing their businesses and achieving their inclusion goals by fostering collaborations among them, their partners, sponsors, investors, microfinance institutions (MFI), and public financial institutions (PFI) (PFIs).

It will have a personalized programme for the selected startups, including intensive mentoring, coaching, peer-to-peer learning, and dedicated workshops. The programme will also feature sessions on business model mapping, investment readiness, financing and capital raising, social impact, scaling strategy, team building, organisational management, and pitch growth will be included in the curriculum.

This years programme is supported these African investors; Bamboo Partners, TLG Capital, ZedCrest Capital, Rising Tide Africa, Outlierz, Angaza Capital, Anza Capital, Baobab Group, Beyond Capital, Advans, CRE VC, DRK Foundation, AfricInvest, Triodos Capital, Sherpa Africa Partners, and others.


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