Ghana’s Nocofio among 10 firms to graduate from Dubai based Startupbootcamp accelerator

Accra-based fintech startup Nocofio is among 10 ventures that graduated from Startupbootcamp FinTech Dubai Accelerator‘s first cohort on Tuesday (30 April).

Nocofio is a crowd-lending platform that connects smallholder farmers to sponsors and investors.

The fintech was founded in 2018 by Akwasi Tagoe and Lovell Larbie. The startup was part of StartupChile‘s 2018 Generation 20 cohort where it landed $40 000 in seed funding.

Accra-based Nocofio was founded in 2018 by Akwasi Tagoe and Lovell Larbie

Startupbootcamp FinTech Dubai Accelerator is backed by Dubai International Financial Centre (DIFC), Visa, HSBC and Mashreq. The accelerator plans to accelerate more than 30 fintechs from the Middle East and North Africa (MENA) region by next year through its 12-week programme.

The other startups in the cohort were: HubPay. Fincluziv, SynergyOne, Salutat, Statys, UPUP, Billss, Instaval and NoQ.

The cohort included founders from the Czech Republich, France, Greece, Morocco, Singapore, Thailand, the UAE and Ukraine.

Each offered solutions that included crowd lending, remittance, customer relationship management, financial education and inclusion, risk analytics, business valuation and payment processing technologies.

Startupbootcamp MENA CMOO Micaela Fiorito told Ventureburn in an email on Wednesday (1 May) that over 250 guests from the finance and corporate innovation industry attended the accelerator’s graduation and Demo Day on Tuesday. The guests gave “enthusiastic” feedback on the cohort, he added.

The accelerator states on its website that it provides each startup in its programme with €15 000 towards living expenses, as well as  post-programme support through alumni events, deals and tailored introductions.

Featured image: The inaugural cohort of the Startupbootcamp FinTech Dubai Accelerator (Supplied)