South Africans are focusing on learning during the lockdown, with some perhaps considering impromptu careers in craft brewing and homemade alcohol. As lockdown enters…
In a press release on Tuesday (19 September) the accelerator said as part of the partnership, Standard Bank will provide mentorship and assist in conducting market trials. In addition, the bank will also be able to invest and acquire startups in the accelerator. The application deadline for the next cohort is on 28 September.
The application deadline for INV Fintech’s next cohort, Class 4, is on 28 September
Jennifer Ruther, a researcher at INV Fintech, told Ventureburn that although the programme had in previous cohorts not worked with any African startups, it is open to applications from African startups.
She said that the accelerator is likely to admit seven or eight startups into its next cohort.
The organisers are in search of startups that are involved in developing solutions that have the potential to disrupt financial services, particularly around big data, analystics, alternative lending, risk management, security authentication and enterprise collaboration.
Although the acceleration programme runs remotely (via the internet), those startups that are accepted into the accelerator can benefit from a host of services including financial, legal and marketing support.
In addition, startups can expect direct feedback from financial institutions as well as access to application programming interfaces (APIs) and bank services.
Want to apply? You can do so here.