Twenty-five African fintech startups have been selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort. Hosted by AWS’ globally-recognized Startup Loft Accelerator, the program will focus on fintech and fintech-adjacent startups operating in Africa. The equity-free accelerator is designed to work directly with CEOs and CTOs in enabling them with a wide variety of resources including strategy, tech team management, product development, and helping founders prepare for navigating the complexities of fundraising. 

After a rigorous selection process that involved reviewing over 500 applications, a cohort of 25 startups has been chosen to participate in the upcoming 10-week program starting in June. Each of these startups will benefit from technical review workshop sessions and receive up to USD 25 K USD in AWS technical credits. In addition to this invaluable support, they will have access to world-leading sector advice and personalized mentorship from prominent industry players such as the Africa Fintech Summit (AFTS), Lendsqr, and Vestbee. These resources and guidance aim to assist the startups in their journey of building successful businesses.

The cohort includes eleven startups from Nigeria; Ashiri NG, bunce, DeemPay, Fluna, Incash, KoinWa, Stacs, Vagrent Africa, WALLX Africa, Zainnest, and Zeeh Africa. Four are from Kenya; Chumz, hela.money, Kiotapay, and Mauzo, and another four from Ghana; Asaana Pay, Edanra, Exxtra, and H28 Technologies. It also includes two from Uganda; eMaisha Pay and Xazu Technologies, and two from South Africa; Abela iMali and Moya Money. Cameroon’s Dreamcash and Egypt’s; MazAid complete the cohort.