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Global inclusive tech accelerator Catalyst Fund, managed by BFA Global, has secured a USD 3.5 Mn investment from specialist development agency FSD Africa to anchor its presence in Africa, and scale its work as a leading accelerator and pre-seed impact fund for emerging market entrepreneurs.
Catalyst Fund supports inclusive tech innovators in emerging markets offering inclusive solutions for underserved and climate-vulnerable communities. FSD Africa is a specialist development agency working to help make finance work for Africa’s future.
With FSD Africa’s backing, Catalyst Fund will invest and offer hands-on venture-building support to high-impact startups that improve the resilience of underserved and climate-vulnerable communities, with a goal to support 40 pre-seed impact ventures in Africa. The accelerator also seeks to build strong innovation ecosystems by activating investors, capacity-building networks, and corporate innovators to unlock capital, attract talent and share knowledge about fintech solutions tailored to those communities’ needs.