Each selected startup will receive technical review workshops, up to $25,000 USD in AWS technical credits, industry mentorship from organizations including Africa Fintech Summit, Lendsqr, and Vestbee. The 11 Nigerian participants are Ashiri NG, bunce, DeemPay, Fluna, Incash, KoinWa, Stacs, Vagrent Africa, WALLX Africa, Zainnest, and Zeeh Africa. Kenya contributed four startups, Ghana four, Uganda two, South Africa two, with one each from Cameroon and Egypt.
The accelerator targets pre-seed and seed-stage fintech founders addressing payments, embedded finance, digital banking, blockchain, decentralized finance, and fintech-as-a-service solutions. Africa's fintech ecosystem reached $2 billion in 2022 and represents one of the fastest-growing regions globally, with six of seven African unicorns operating in financial services.