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The partnership will aim to fast track fintech development in SA as well as the rest of the continent.
“The partnership with The Cape Innovation and Technology Initiative (CiTi) is a logical and obvious choice for us,” said CEO and co-founder of Fintech Circle Innovate, Nicole Anderson, in a press release to Ventureburn.
“CiTi has a long-standing history as the most experienced incubator in Africa, plus we are both leaders in innovation in our regions. The opportunity and use case for convergence in FinTech in Africa will be a significant focus for us,” she continued.
The partnership between Fintech Circle Innovate and CiTi will seek to provide startups with an extra boost during their ventures
“The purpose of our Innovation Clusters is to actively identify, support and stimulate innovation and growth in key sectors that will benefit the greater ecosystem, particularly where the technology has a transformative potential,” said CEO of CiTi.
“Partnering with FinTech Circle Innovate who are the world class best practise industry leaders in FinTech strategy, incubation models and investment, enables us to bridge the gap between entrepreneurs, start-ups and established industries and banks,” he continued.
The initial programme will be geared towards the opportunities that fintech convergence has in core competencies as well as how it advances the traditional sector.
The partnership will also produce a Knowledge Ecosystem which will serve as educational material based on The FinTech Book and be adapted to suit the needs of the African continent.
“We are excited to expand our fintech knowledge and capability ecosystem in South Africa and the rest of the continent,” said the chairman of CiTi, Joshin Raghubar.