The Luxembourg House of Financial Technology (LHoFT) has announced the 15 African FinTech startups out of 400 applicants who will be participating in the fifth edition of its CATAPULT Inclusion African program which is to take place in Luxembourg on between the 24th and 28th of October 2022
The selected startups will receive customized curriculums tailored to their unique fields that include mentoring, coaching, peer-to-peer learning, and dedicated seminars. The topics will include business model mapping, investment preparedness, finance, and capital raising, social impact, scaling strategy, team building, operational management, investor advisory meetings, and pitch development.
This edition of the CATAPULT Inclusion Africa program will tap into Luxembourg’s Inclusive Finance and Fintech ecosystem to aid chosen firms in their growth and financial inclusion goals.
The African countries represented in this year’s edition include Mali, Cameroon, Zambia, Kenya, Nigeria, Rwanda, Senegal, and Uganda. While the African startups that made the list are:
AFRICRED (Bamako, Mali)
AgrixTech (Yaounde, Cameroon)
Alajo (Lagos, Nigeria)
ChapChap Africa (Kampala, Uganda)
ComGrow (Lusaka, Zambia)
Radava Mercentile (Nairobi, Kenya)
Hello Tractor (Nairobi, Kenya)
Kayko (Kigali, Rwanda)
Lami Insurtech (Nairobi, Kenya)
Nkwa (Buea, Cameroon)
Proxalys (Dakar, Senegal)
Servichain (Luxembourg, Luxembourg)
Sosocare (Abuja, Nigeria)
Yalla Solutions (Cairo, Egypt)
DanAid (Douala, Cameroon)
About the CATAPULT Inclusion Africa Program
The CATAPULT Inclusion African was developed in 2018 by the LHoFT Foundation and sponsored by the Ministry of Foreign & European Affairs -Directorate for Development and Humanitarian Affairs. The program was targeted at startups/companies focused on financial inclusion in Africa to assist them in building their operations and attaining their inclusion goals in alignment with Luxembourg’s finance sustainability goals.
Key partners for this program include Ada, Infine, Luxembourg for Finance, the Alliance for Financial Inclusion (AFI), the European Investment Bank (EIB), Luxembourg Microfinance and Development Fund, Bamboo Capital Group, Double Feather Partners, SPTF, LuxDev, Business Partnership Facility, ACRC, Compelio, and others.