Connect with us

Meet the 12 FinTech Startups Selected for CATAPULT: Inclusion Africa 2021

CATAPULT Inclusion Africa - Founder360

Africa's Latest

Meet the 12 FinTech Startups Selected for CATAPULT: Inclusion Africa 2021

Building on the success of the 2018 and 2020 edition, the CATAPULT: Inclusion Africa has announced the launch of the third 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 principal 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.

The following 14 startups have been selected to participate in our 2021 edition of Catapult: Inclusion Africa:

Emata – Kampala, Uganda
Emata is disrupting the $65bn agricultural financing opportunity in Africa. The company digitizes farmers’ cooperatives and gives farmers access to digital and affordable financial products.

Moja Bank – Abidjan, Ivory Coast
We provide a digital payment App and a contactless card which is used by consumers to facilitate everyday payment in emerging markets. Consumers in the US use the App to manage their finances, and send money to their families back home.

AWABAH – Lagos, Nigeria
Provide access to retirement savings for Africa’s unbanked and underbanked population; improving the customer experience when interacting with pensions by merging financial literacy with easy to use technology.

Mosabi – Freetown, Sierra Leone
Mosabi links Fintech and Edtech with embedded, gamified upskilling for Africa’s financial products and platforms. This helps underserved citizens improve decisions and behaviours on their businesses and money. 

Read: Applications Open For the US$2M Milken-Motsepe Innovation Prize for AgriTech Startups

Mipango – Dar es Salaam, Tanzania
Mipango is a personal finance mobile application that enables users to manage their income, expenses, savings, financial targets, help and offerings. Mipango app uses artificial intelligence to guide users to better financial management and financial deals towards attaining financial freedom.

Igugu Global – Lagos, Nigeria
Igugu Global is accelerating the flow of capital to Africa’s US$1.5 trillion sustainable infrastructure gap. They are solving the problem of fragmentation in financial markets by providing ESG mapping, structuring and due diligence for green building, transport and energy portfolios.

Nokwary Technologies – Accra, Ghana
Nokwary Technologies provides voice User Interface systems, for instance, enable people who cannot see, as well as people who cannot read and write, to interact with banking apps and systems through spoken commands.

Kotani Pay – Nairobi, Kenya
Kotani Pay is a technology stack that enables Blockchain protocols, apps, and Blockchain FinTech companies to integrate seamlessly into local payment channels providing them with a reliable on-ramp and off-ramp service to reach a wider customer base in Africa.

RePay.Africa – Nairobi, Kenya
RePay Africa’s API driven platform serves as an electronic alternative to cash, cheques & banks for the un-banked Sub-Saharan Africa. Africa-wide payment & transfer platform that supports online money transfers and bill payments to merchants.

Crop2Cash – Ibadan, Nigeria
Banks and Development Finance Institutions (DFIs) find agricultural financing risky, which has created a $330 billion funding gap in agriculture globally. With our tools, Crop2Cash provides this finance with a high level of assurance that it would be efficiently used by the farmers.

Asilimia Nairobi, Kenya
Asilimia is an android application that allows informal traders in Africa to create a formal business account within their personal mobile money account. 

Vooli Insurtech – Nairobi, Kenya
Vooli is a client-centric, technology-driven, disruptive Insurtech, that offers on-demand general insurance through its app and website. Vooli bills users based on the duration they need insurance e.g. annually or semi-annually, and also seamlessly.


Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

More in Africa's Latest

To Top