Two businesses from Nigeria have been selected for the Migrants Accelerator Programme.
The Financial Solutions for Migrants programme, an accelerator for impact-driven entrepreneurs creating digital financial inclusion solutions for migrants, has accepted two Nigerian startups, Hergest and Regxta.
Ten of the 32 startups are from Africa, eleven are from Asia, and eleven are from the Middle East.
The programme will work with the startups to further develop and refine their products and solutions to fit the needs of various migrant communities, including migrant women and refugees.
The programme is funded by the Impact-Linked Fund for Gender Inclusive Fintech (ILF for GIF), managed by the Impact-Linked Finance Fund and supported by the Swiss Agency for Development and Cooperation and the Austrian Development Agency, the operational unit of Austrian Development Cooperation.
The programme will connect the 32 entrepreneurs to Village Capital’s larger investor and mentor community and offer a combination of rigorous in-person and online training for investment preparedness.
Meet the two Businesses from Nigeria.
HerVest is a Nigerian inclusive fintech company that offers smallholder women farmers and women-owned/led enterprises targeted savings, impact investment, and loan services for financial growth.
Regxta (Nigeria) is an inclusive digital platform that provides quick, easy and simple access to financial services for the unbanked people in rural and peri urban communities in Africa, including the internally displaced people and refugees.
African startups Fleri from Ghana, Kotani Pay from Kenya, Payclide from Uganda, and Patapia from Rwanda are among the others that were chosen.
Others are Tumia from Kenya, PayingTone from Rwanda, and Susu from Senegal.
The Financial Solutions Accelerator Programme is meant to assist businesses in identifying crucial checkpoints, getting ready for their upcoming round of funding (if applicable), and networking with possible investors.
It will also help participating fintechs to improve product and service fit with women migrants’ needs and mature their impact management systems and practices.
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