The 2nd edition of the CATAPULT: Inclusion Africa started on a great note with the selection of 11 African fintech startups by the LHoFT Foundation. The CATAPULT programme aims to build bridges of financial inclusion between Africa and Europe.
CATAPULT Africa is a programme hosted and financed by the LHoFT( The Luxembourg House of Financial Technology). The LHoFT Foundation is a public-private sector initiative that drives technology innovation for Luxembourg’s financial services industry, connecting the domestic and international fintech community to develop solutions that will shape the world of tomorrow.
Riding on the heels of the success of the previous 1st edition, this 2nd edition of the CATAPULT: Inclusion Africa will cover broad topics like the business model mapping, business plan presentation, peer due diligence processes, marketing strategy, HR policy, legal strategy, pricing, etc.
The CATAPULT is aimed to promote and bring attention to the importance and value of fintech for Financial Inclusion through local and international media exposure, hoping to give support to programmes promoting positive change in Africa.
The 11 selected African fintech startups are expected to be in Luxembourg for the programme from 1st of March to 8th March. It is important to note that the travel and accommodation costs for the selected startups will be covered by the LHoFT Foundation.
The selected African startups consist of in no particular alphabetical order Ugandan payments startup Eversend, Rwandan savings startup Exuus, Ghanaian pensions startup People’s Pension Trust, South African payments startup uKheshe, Kenyan digital financial marketplace Pezesha, Ivory Coast-based payment startup CinetPay.
Others are UK based financial services marketplace Symplifi, Nigerian Esusu and insurtech startup PaddyCover and Tanzanian investment robo-advisory platform A-Trader and digital wallet Dundiza.
It is expected that the fintech startups will come back to Africa after the 1 week Bootcamp to put to proper practical use all the business strategies and tools they have learned and be on their way to become economic unicorns driving the most needed positive change in Africa.