DFS Lab Launches Fund For Transformative Digital Payments In Africa

DFS Lab has announced the launch of the DFS Lab Stellar Africa Fund I, which will back high-potential builders and teams in Africa aiming to transform the digital payments landscape and beyond by building on the Stellar network. The fund is made possible through an investment from the Stellar Development Foundation.

The fund brings together DFS Lab’s years of supporting Africa’s best digital commerce founders with the open-source Stellar network, optimized for payments and asset issuance. Portfolio founders selected for investment by the fund will have access to DFS Lab’s team and community as well as mentors from the Stellar Development Foundation and Stellar ecosystem companies.

It plans to build on previous blockchain bootcamp collaborations between DFS Lab and the Stellar Development Foundation, which supported developers and startups building on the open-source Stellar network in Africa, with wide-ranging product examples.