Deal Street

African Startup Funding Tracker

$3,224,153,000+

*Data updated daily at 18:00 EAT

Four African Startups Selected For Catalyst Fund Fintech Accelerator
Four African Startups Selected For Catalyst Fund Fintech Accelerator

Four African startups are among the six selected by Catalyst Fund for the 10th cohort of its accelerator for fintech companies building solutions designed to improve the resilience of underserved and climate-vulnerable communities in emerging markets. Catalyst Fund, managed by BFA Global, is supported by the UK Foreign, Commonwealth, and Development Office (FCDO), JPMorgan Chase & Co, and PayPal, and fiscally sponsored by Rockefeller Philanthropy Advisors. 

They are Kenya’s AquaRech, a platform for fish farmers to source quality feed, reduce growth cycles by monitoring via sensor technology, find new routes to market, and access credit to enable growth; Nigeria’s ColdHubs, a “plug and play” modular, solar-powered walk-in cold room, for 24/7 off-grid storage and preservation of perishable foods, enabled through digital payments; Kenyan startup TopUp Mama, an online B2B platform for restaurants to purchase all inventory required at wholesale prices; and Kenya’s Tulix, a digital payment wallet to enhance the visibility of funds and collaboration between African migrants and their beneficiaries back home.