African Fintech Dominates Catalyst Fund’s 2019 Startup Cohort
Monday, June 24, 2019
African fintech has taken center stage for the Catalyst Fund, a JP Morgan Chase and Bill & Melinda Gates Foundation-backed accelerator that provides mentorship and non-equity funding to emerging markets startups.
The organization announced its 2019 startup cohort and three out of the four finance ventures — Chipper Cash, Salutat and Turaco — have an Africa focus (Brazil-based venture Diin, was the fourth).
Catalyst Fund, which is managed by global tech consulting firm BFA, also released its latest evaluation report, which showed 60% of the organization’s portfolio startups are located in Africa.
Source: Tech Crunch (link opens in a new window)
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