Startup Réseau has gone LIVE with its first thematic startup bootcamp in East Africa, with a focus on FinTech. The program was announced at the demo day of its inaugural program, Wazo Challenge Tanzania earlier this May 2021.
Startup Réseau is an India-headquartered startup accelerator, which has been in the business of operating startup accelerators, innovation programs and entrepreneurship development initiatives across several locations, globally. Having launched their East Africa outpost in January 2021, the company has been quick at rolling out programs in the region. Says Ajay Ramasubramaniam, Founder & CEO, Startup Réseau – “We are truly excited by the quality of applications received. Fintech has been pivotal in making strides in financial inclusion in East Africa, the cradle of mobile money. These technologies have made financial services affordable and convenient.” The East Africa FinTech Bootcamp will help further the regional FinTech ecosystem by spurring a stronger local FinTech entrepreneurship, innovation and job creation in the industry.”
The cohort comprises 12 startups from Kenya (5), Uganda (3), Tanzania (2), Rwanda (1) and Rwanda (1), thereby being truly representative of the region. In terms of themes covered, the cohort is a mix of SME Credit, Payments, InsurTech, Savings, Financial Education and Crypto. The selected FinTechs will participate in a 3-week mentorship and leadership development bootcamp that will involve successful FnTech entrepreneurs, domain experts, industry leaders and FinTech investors from Startup Réseau’s global network.
Here are the 12 startups that made it to the inaugural cohort of East Africa FinTech Bootcamp:
Krypia – A blockchain powered SME and Unbanked financial services platform MotiGuy – Device-Powered Insuretech Platform SokoHela – Digital tools provider for MSMES in urban agri value chain.
Yassako – Instant Micro-Credit for Utilities bill payments
PayLend – Paylend offers credit management for MSMEs
CoinPesa – CoinPesa is a digital asset exchange gateway for the African user
SafePay – a ‘One Stop Payment Spot’ offering a unified payment solution that supports interoperability and Integration to multiple services
Chumz – Increasing the savings in Africa by providing an accessible savings channel
Dundiza – Wealth management platform that extends access to digital financial service Pay24 – Pay24 is a micro-lending, payments and money management platform
Mine App – A group contribution mobile app
Kikoba – A mobile app for savings groups to collect funds, issue loans and manage all finances easily and securely
Says Jagruti Bista, Lead – Africa Programs, Startup Réseau, “This is a great time for us to announce Hindsight Ventures, the Africa focussed vertical of Startup Réseau. All our programs in the region will now go under the Hindsight Ventures brand. We look forward to a successful program with these FinTech startups and continue to add value to startups in the region. We are bringing together a strong pool of mentors, session facilitators and investors to engage with the Founders, and are confident that they will reap the benefits of the same.”
Built on the founding pillar of #StartupsFirst, Startup Réseau operates accelerator programs with a vision to bring the ultimate global network of Enterprises, Capital, Markets and Services to Startups. Startup Réseau is aiming to build out regional hubs across Africa, to enable + accelerate tech entrepreneurs through structured accelerator programs and open up its global networks.