By Emmanuel Ogbodo<\/p>\n
Visa, the global payments giant, has announced a $1 billion investment aimed at advancing financial inclusion across Africa, starting with strategic backing for four African startups. This investment is part of Visa\u2019s Africa Fintech Accelerator program, launched in June 2023, to support emerging fintech firms in delivering digital financial solutions across the continent.<\/p>\n
Godfrey Sullivan, Visa\u2019s Senior Vice President for Products and Solutions, shared details of the investment in a LinkedIn post on Monday. He announced the selection of four startups: Oze, a Ghana-based business banking platform; Nigeria\u2019s Orda, which specializes in restaurant technology; Kenya\u2019s WorkPay, focusing on HR and payroll solutions; and OkHi, another Kenyan firm providing AI-driven address verification.<\/p>\n
Sullivan underscored Visa\u2019s commitment to fostering digital innovation, boosting fintech growth, and expanding financial access across Africa. Now in its third cohort, the three-month accelerator program offers startups support in product development, marketing, finance, and sales, along with expert mentoring and potential funding opportunities.<\/p>\n
Additionally, Amazon Web Services is backing the initiative, offering free cloud services to program participants. Since its inception, Visa\u2019s accelerator has supported 45 startups, with plans to continue driving fintech innovation on the continent through 2027.<\/p>\n
\u201cCompanies interested in Africa are invited to join and contribute to developing the next generation of fintech innovators, experiencing the transformative power of these partnerships,\u201d Sullivan stated.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Emmanuel Ogbodo Visa, the global payments giant, has announced a $1 billion investment aimed at advancing financial inclusion across Africa, starting with strategic backing for four African startups. This investment is part of Visa\u2019s Africa Fintech Accelerator program, launched in June 2023, to support emerging fintech firms in delivering digital financial solutions across the […]<\/p>\n","protected":false},"author":29,"featured_media":55608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180],"tags":[59,1649],"class_list":["post-55607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-featured","tag-vise"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/55607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=55607"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/55607\/revisions"}],"predecessor-version":[{"id":55609,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/55607\/revisions\/55609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/55608"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=55607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=55607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=55607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}