CATAPULT: Inclusion africa acceleration 2022 for fintech startups

We at the LHoFT think that financial technology is critical to furthering financial inclusion and empowering communities that have been left behind by traditional financial systems. Whether it’s funding for rural farmers, point-of-sale technology for underbanked merchants, or specialized insurance products, entrepreneurship’s beneficial influence is improving people’s lives all across the world. As a result, the LHoFT Foundation prioritizes financial inclusion.

Building on the success of the previous editions of CATAPULT: Inclusion Africa since 2018, we are thrilled to host the 5th acceleration bootcamp in Luxembourg between 24th and 28th October 2022.

Developed by the LHoFT Foundation, the programme targets companies focusing on financial inclusion in Africa, aiming to build bridges with Luxembourg’s Microfinance industry while highlighting their initiatives in alignment with the sustainability goals of Luxembourg’s finance center.

This 5th edition of CATAPULT: Inclusion Africa will once again leverage Luxembourg’s Inclusive Finance and Fintech ecosystem to support selected firms in developing their businesses and achieving their inclusion goals. In addition, firms will participate in Arch Summit, thus experiencing the future of technology while making meaningful connections.

When?

A 5 day training and networking Bootcamp, from October 24th to 28th  2022, run in Luxembourg, for 10 selected Fintech firms working to improve financial inclusion in Africa.

Who?

The Bootcamp leverages Luxembourg’s Inclusive Finance and Fintech ecosystem in order to support the selected firms in developing their businesses and achieving their inclusion goals.

Why?

To connect financial inclusion Fintechs from Africa with key stakeholders like Microfinance Institutions, Investors and Industry Experts and to learn how to become more efficient and effective in reaching underserved market segments.

What?

Building on the success and experience of past editions and other financial inclusion programmes, this unique bootcamp is aligned with the sustainability goals of Luxembourg’s financial centre. It is fully funded by the Luxembourg Government.

How?

Delivered in collaboration with key stakeholders from the microfinance, sustainable finance and traditional finance sectors.

Eligibility Criteria

► Selected firms will have, at least, a demonstrable Minimum Viable Product (“MVP”) and will likely be in the pre-seed to seed stage of funding.

► Companies must be active in the financial inclusion field, helping underserved and unbanked populations in Africa get access to financial products and services.

► Companies will submit all necessary information to the LHoFT in order to assess the viability of the project, company, background of owners and key shareholders to limit the risks of non-compliance or doubtful application to the programme.

► Companies must agree and shall provide on-going performance metrics and business status for a period of three years post programme completion to the LHoFT for the purposes of programme evaluation.

► The selected firm must guarantee that a founding team member, typically the CEO, will attend the programme for the duration of the week.

► We are particularly interested in hearing from firms in payments and related services.

How to Apply

Deadline for application is 15th, September 2022

Click here and apply now

For more info visit CATAPULT Inclusion Africa

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