Visa Invests in African Fintechs to Accelerate Digital Transformation Across the Continent

Visa is reinforcing its commitment to Africa’s fintech ecosystem with a new round of funding for four promising startups that emerged from the inaugural batch of the Visa Africa Fintech Accelerator program. Now in its second year, the program focuses on early-stage fintech startups across Africa, specifically those in Seed to Series A stages. Participants benefit from mentorship, advanced payment technology, and strategic investment opportunities, all aimed at enhancing Africa’s digital payments landscape.

The accelerator program is part of Visa’s broader $1 billion commitment to accelerate digital transformation and inclusive growth across Africa by 2027. By investing in and nurturing fintech innovations tailored to the region, Visa seeks to address specific payment challenges and unlock financial opportunities within African markets.

This year’s program attracted applicants from 18 countries across the continent, who completed a rigorous 12-week virtual curriculum, culminating in a high-profile Demo Day in Nairobi on February 13. This event brought together leading funding partners, angel investors, and venture capitalists, providing startups with valuable opportunities to secure partnerships and scale their businesses. Visa’s support and investment reflect its dedication to fostering a thriving, resilient, and inclusive fintech sector in Africa.