Microcapital Brief: Ten Fintech Startups Inward Zambia Bring Together Fintech4u Accelerator From Bongohive, Uncdf

The United Nations Capital Development Fund (UNCDF) besides BongoHive, a Republic of Zambia-based provider of technology consulting, co-working infinite together with other dorsum upwardly to entrepreneurs, of tardily selected 10 fiscal technology (fintech) startups for the minute iteration of the FinTech4U Accelerator Programme. “For the Fintechs, joining the programme is an take chances that ensures their services are prepared to thrive during the digital era together with run into the needs of nether-served Zambians,” said Brian Katimbo, information as well as human-centred pattern specialist for UNCDF.

FinTech4U participants gain access to a 3-calendar month programme of preparation in addition to mentorship, in addition to the acme iii performers will win upwards to USD v,000 for their businesses. As component of the programme, the Bank of Republic of Zambia, the land’sec Securities as well Exchange Commission too the Zambia Information Technology likewise Communication Authority will furnish technical assistance every bit good every bit regulatory guidance on increasing the financial inclusion of underrepresented groups such every scrap women, youth as well rural populations. 

The participating firms are: AlomoSystems, DV Technology Innovations, Ekamo Wallet, Moti Solutions for Africa, Onyx Connect Republic of Zambia, Paykesho, Premier Credit, Soqo Payments, Progtech Republic of Republic of Zambia inward improver to VillageSavers Technologies. Founded inward 2018, Onyx Connect provides environmentally witting transport solutions for depression-income earners. VillageSavers provides financial direction tools to hamlet banking groups, investors, in improver to bag-sized every bit well as medium-sized enterprises (SMEs). The other members of the cohort are described at https://www.uncdf.org/article/6136/x-fintechs-bring together-the-sophomore-course of instruction-of-the-fintech4u-accelerator-programme-inwards-zambia.

Founded inwards 2011, BongoHive is a “engineering inward add-on to design hub” aimed at supporting entrepreneurial increase inward Republic of Zambia too nearby countries. Its services include webinars, workshops, role infinite likewise software development services. BongoHive has supported a total of 1,300 startups.

Established inward 1966 yesteryear the United Nations General Assembly, UNCDF works closely with the United Nations Development Programme. UNCDF endeavors to create opportunities for pathetic people together with their businesses by increasing access to microfinance equally well as other forms of investment majuscule. The system operates inwards 40 countries inward Africa inwards addition to Asia with a particular commitment to countries emerging from crises. During 2019, UNCDF had a budget of USD 63 million together with supported initiatives providing financial services to 3 million unbanked as good equally underbanked clients.

By Romil Pandey, Research Associate

Sources together with Additional Resources

UNCDF press liberate

FinTech4U homepage

Onyx Connect homepage

VillageSavers homepage

BongoHive homepage

UNCDF homepage

UNCDF Annual Report 2019

Past MicroCapital article on UNCDF
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