Visa Invests in Four African Fintech Startups

Visa has announced new investments in four African fintech startups from the first cohort of its Visa Africa Fintech Accelerator Program. Visa’s funding aims to boost digital innovation within the African fintech ecosystem while promoting financial inclusion. The specific amounts invested in each startup have not been disclosed.

The selected startups include:

• Oze (Ghana) – provides embedded financial services for small- to medium-sized businesses (SMBs).
• Workpay (Kenya) is an HR tech platform that supports payroll and compliance.
• OkHi (Nigeria) – offers digital address verification.
• ORDA (Nigeria, Kenya, South Africa) – a restaurant software provider digitizing operations for over 1,500 restaurants.

The Visa Africa Fintech Accelerator, launched in 2023, is a three-month program offering seed to Series A startups mentorship, training, funding opportunities, and partnerships. Visa’s accelerator forms part of a broader commitment to invest USD 1 B in Africa by 2027, focusing on digital transformation initiatives.

Graduates from the program’s second cohort will have the chance to showcase their innovations to investors and business partners at Demo Day on Dec. 2 in Cape Town, South Africa.