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 CashSalutat 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)

Finance, Investing, Technology
digital finance, financial inclusion, fintech, impact investing