eQub, a fintech startup aiming to digitize peer-to-peer saving groups, and HuluCares, a startup focused on providing community-based Idir insurance, have been selected for the inaugural Timbuktoo Fintech Startup Accelerator Program. The two startups were chosen from among 817 applicants across Africa. A total of 42 startups from 31 countries were selected to participate in the program in Lagos, Nigeria.

The selected startups will participate in a four-week immersive bootcamp, receiving product refinement and scaling support. This intensive program includes pitching sessions with Africa’s leading investors, masterclasses with fintech experts, and fireside chats with industry executives. 

Following the bootcamp, the most promising startups will receive tailored, long-term support for five months. This curated program will provide coaching, product refinement assistance, and support for scaling their businesses. Additionally, the program will facilitate partnerships that can accelerate product iterations, improve market access, and assist with capital-raising efforts.

Twenty-five out of the 42 startups selected for incubation and acceleration will also be eligible for equity-free funding of up to USD 25 K.