Founders Factory Africa, Standard Bank invest in first five fintech startups

Founders Factory Africa, Standard Bank invest in first five fintech startups

    Accelerator
    Funding
    Press Release

Founders Factory Africa (FFA) has today announced the selection and investment into their first five fintech startup businesses in Africa. According to the press release, the accelerator - together with Standard Bank - will be looking to scale these five startups across the continent. FFA is a South African company operating across Africa delivering a corporate-backed accelerator and incubator. The accelerator is planning to build and scale 140 tech-based startups across four sectors over the next five years. In October 2018, Standard Bank became the first investor into Founders Factory Africa, with fintech as its strategic sector. Within the first few months of its launch, Founders Factory Africa received over 500 applications from leading fintech entrepreneurs across the continent. After a rigorous screening and selection process, five businesses from Nigeria, Ghana, Kenya and Uganda were selected. The five businesses are: }

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