CATAPULT: Inclusion Africa 2023, organized by LHoFT, has selected 10 Fintech startups for its 6th edition in Togo.
This year, the program will be conducted in French and hosted in Lomé, Togo, from October 16th to October 20th, 2023. The initiative aims to promote financial inclusion in African countries with a focus on sustainability goals.
Supported by various key partners, the program offers mentoring, coaching, and workshops to help the selected firms develop their businesses and achieve inclusion goals.
The 10 Fintech startups selected to take part in the 2023 edition of CATAPULT: Inclusion Africa are:
Amira Global Technologies, based in Abidjan, Ivory Coast, is a digital transformation company specializing in social impact solutions through its online payment platform, Paiement Pro. This solution facilitates mobile payments in multiple African countries, including Côte d’Ivoire, Burkina Faso, Mali, Benin, Niger, Senegal, and Togo, as well as electronic payments via Visa and Mastercard. Paiement Pro empowers businesses and entrepreneurs to expand their reach, sell online, receive payments, and access loans based on their cash flow.
Capay, located in Libreville, Gabon, is a web-based payment platform with a mission to provide easy access to financial transactions for individuals excluded from the traditional financial system, especially those living in remote areas. Through its Capay web platform, Capay facilitates companies in making various payments, such as salaries, bonuses, and subsidies, to unbanked employees using mobile money.
Cova Africa, based in Douala, Cameroon, is an insurtech focused on French-speaking Africa. Utilizing technology, innovation, and partnerships with popular sectors, Cova simplifies insurance distribution in Cameroon and French-speaking Africa. The company provides turnkey solutions for digital marketing of customized insurance products to partners, including microfinance and fintechs, health techs, and agritechs, allowing them to offer complementary coverage to their basic products to customers.
Dreamcash, based in Yaounde, Cameroon, operates MiQo, a neo-microfinance offering a SUPER financial app for mass financial inclusion, providing a fully digital bank account in less than 2 minutes to unbanked and underbanked people in French-speaking Africa with a smartphone. It comes with a contactless VISA card and an NFC-enabled mobile app, and aims to provide financial services such as instant credit lines and nano-loans in less than 10 seconds without collateral, contactless payments in shops via QRcode and NFC, multi-currency virtual cards for online payments, free national and cross-border money transfers, personalised financial education, savings and investment.
Kola Group, based in Yaounde, Cameroon, is a digital microfinance company serving unbanked individuals and small to medium-sized enterprises in sub-Saharan Africa. They provide access to credit, payment solutions, and financial management through digital solutions. Kola employs a proprietary credit scoring model based on behavioral and financial data to manage risks effectively.
Microfinance, based in Lomé, Togo, offers a SaaS solution for collecting money and facilitating easy access to current/savings accounts through mobile phones. Microfinance is enabling local and international money transfers.
Orya Technologies, based in Dakar, Senegal, provides APIs for financial services, focusing on secure and inclusive technology. Orya‘s Fintra solution automates salary advance requests and offers a financial management system for employees without impacting companies’ cash flow.
Rubyx, based in Dakar, Senegal, is a data-driven fintech providing MSME credit solutions. Rubyx AI lending platform aims to close the funding gap for informal entrepreneurs and small businesses. Comprised of complementary modules, including data warehousing, decision engines, and flexible credit management, accessible through APIs and various applications.
Toumai Analystics, based in Rabat, Morocco, offers a SaaS Data Analytics platform collecting and analyzing local data in Africa, empowering local communities and assisting international investors with more robust data. Toumai citizen survey app combines education and data feedback, while their SaaS solution utilizes generative AI and dynamic indicators.
Wajenzi, based in Luxembourg, Luxembourg is a digital marketplace connecting African SMEs with individuals and institutional investors in the EU and US. Wajenzi aims to promote financial inclusion by facilitating funding opportunities for African SMEs to develop their activities.
