Catalyst Fund Looking to Fund Fintech Startups in Emerging Markets Including Kenya, Nigeria, and South Africa

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The Catalyst Fund, which operates in five target markets, is looking to enable 30 fintechs in emerging markets by connecting them with international investors and mentors.

The selected startups will come from:

The Catalyst Fund will enable fintechs access early-stage capital, scaling partnerships, and access to a high potential talent pools.

The Catalyst Fund current work focuses on 3 critical areas for fintech innovation:

  • Financial Health – Products beyond credit and payments
  • Essential Services
  • Platforms and New Forms of Work

Recently, the UK put in $13M (Approx. KES 1.3B) to provide financing to fintech startups from these emerging economies.

A seven-point criteria is considered when selecting startups with preference given for local entrepreneurs from the above focus markets, and for women entrepreneurs.

The nominations are accepted on a rolling basis and selections into cohorts happen every six months. Fintechs in the above areas are encouraged to apply by sending an expression of interest to catalyst@bfaglobal.com or by subscribing to the Catalyst Fund mailing list via their website at https://catalyst-fund.org/accelerator

 

About Catalyst Fund

Catalyst Fund is a global accelerator program managed by BFA with the support of The UK Department for International Development (DFID) and JPMorgan Chase & Co.

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