Building on the success of the 2018 edition, the CATAPULT: Inclusion Africa has announced the launch the second edition of this unique program of Fintech startup development.
Developed by the LHoFT Foundation, the program targets companies focusing on financial inclusion in Africa, aiming to build bridges between Africa and Europe, highlighting their initiatives and very much aligned with the sustainability goals of Luxembourg’s finance centre.
The principle aim of CATAPULT Africa is to provide support to promising Fintechs for Financial Inclusion startups and help them move to the next stage of their development in Africa and in Europe.
Here are the 11 startups chosen for the CATAPULT: Inclusion Africa 2020 Programme
A-Trader (Tanzania) – A-Trader is building a Robo-Advisor to provide automated investment recommendations for Africa’s growing middle class through real-time access to Africa’s Stock Markets, savings/investments options, and easily understandable structured financial instruments.
CinetPay (Côte d’Ivoire) – CinetPay is a mobile money, credit card and other wallet payment gateway allowing e-commerce sites, e-service, companies and institutions to accept all means of payment online or offline in 8 countries in Africa.
Dundiza (Tanzania) – Dundiza is the first digital wallet platform that enables young people and women living in marginalized communities to securely save and manage their money instantly while being to gain competitive interest and access credit scorings from the savings.
Esusu (Nigeria) – Esusu Africa Limited is tackling the problems of informal savings schemes across Africa. We do this through ELECTRONIC ESUSU, a digital platform designed to simplify thrift savings, collections and microcredit towards enhancing the delivery of digital financial services to the last mile.
Eversend (France) – Eversend is building a neobank for Africans, anywhere in the world A multi-currency e-wallet that allows users to exchange, spend and send money at the best possible rates. Insurance, virtual debit cards, and bill payments, and USSD channels so that anyone with a mobile phone can access financial services.
Exuus (Rwanda) – Exuus aims to leverage the power of informal collective saving schemes through a digital and decentralized collective wallet for saving groups. They’ve created SAVE to allow both unbanked and underbanked population to access financial services without necessarily having a bank account.
PaddyCover (Nigeria) – PaddyCover is an insurance service aggregator and technology company, powering affordable pay-as-you-go insurance in Nigeria & Africa, working with established insurers and customer aggregators to offer a multi-channel platform that facilitates flexible and convenient payment.
People’s Pension Trust (Ghana) – People’s Pension trust offers pension product to workers in the informal sector (farmers, market woman, self-employed, taxi drivers etc. for which people can save daily, weekly or monthly, with flexible contribution amounts, done by mobile phone or other means.
Pezesha (Kenya) – A Holistic Digital Financial Marketplace & Infrastructure for Underserved MSMEs in Africa. Offering lending, financial education, and debt counselling to borrowers, plus a proprietary credit scoring system to vet MSMEs without a credit history, de-risking lending to SMEs.
SympliFi (United Kingdom) – SympliFi is a global online marketplace that enables diaspora around the world to easily access impactful financial solutions in their home country for self and family, at the touch of a button, because people want to do more than just send money back home.
uKheshe (South Africa & UK) – uKheshe is a unique digital payment acceptance platform that enables informal merchants and traders to accept card payments without the need of a bank account, smartphone or formal business registration. Using payments as the catalyst to access broader financial services such as lending and insurance.