African fintechs can now apply for Luxembourg accelerator

No less than ten of Africa’s most promising fintech start-ups will be selected for the fifth edition of Catapult: Inclusion Africa – a one-week bootcamp hosted in Luxembourg, a European hub known for the development and commercialisation of new products and services.

Entries for the sought-after programme are currently accepted with organisers particularly inviting start-ups focusing on financial inclusion with the view on building bridges between Africa and Europe. The first edition of Catapult: Inclusion Africa was in 2018.

In a release, the LHoFT Foundation – a public-private sector initiative – says it strongly believes that financial technology is crucial to advancing financial inclusion, and empowering groups that have been left behind by traditional financial systems.

Whether it is financing for rural farmers, point of sale technology for under-banked merchants, or specialised insurance products, the positive impact being driven by entrepreneurship is improving lives around the world.

Catapult: Inclusion Africa targets fintechs who want to work with Luxembourg’s microfinance industry, highlighting their initiatives aligning with the sustainability goals of Luxembourg’s finance centre.

The north-western European country’s finance and fintech ecosystem are set to support selected start-ups in developing their businesses and achieving their inclusion goals. In addition, companies will get unique exposure while participating in the Arch Summit event focusing on exploring next generation technology innovation.

The accelerator is described as a unique bootcamp highlighting the initiatives of selected African fintechs. It will take place from 24 to 28 October 2022 and cover a broad range of topics, including business model mapping, scaling strategies, investability, business plan presentation, legal strategy, pricing, marketing strategy, and more.

Furthermore, fintechs selected for Catapult: Inclusion Africa will have the opportunity to connect with partners, sponsors, investors, microfinance institutions and public financial institutions in Luxembourg.

African start-ups who want to scale their businesses can apply online.

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