2016 Village Capital Fintech Africa Program: Apply to win $100,000

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Village Capital, an organization known for training and investing in entrepreneurs solving real life problems, in collaboration with The MasterCard Foundation and the DOEN Foundation have set their sight on identifying and investing in the next big innovator in financial service in Sub-saharan Africa with the launch of Fintech Africa 2016.

In a bid to improve customer service experience coupled with the massive mobile and internet penetration in Sub-saharan Africa, the Fintech program aims to leverage on technology to solve fundamental financial problems which include:

  • increasing the access, relevance, and affordability of savings, credit, payments, and insurance products through leveraging data analytics, blockchain technology, and digital identity verification.
  • increasing efficiency in supply chains and distribution channels across sectors through better market access, increased price transparency, increased connections to new suppliers, and access to other decision-driving market information.
  • enhancing livelihoods of low-income small business owners through tools for value-chain tracking, smart logistics, business insurance, working-capital loans, and financial management tools to better handle risk and volatility.

Lined up for the program are three intensive, four-day workshops spanning the period of three months between December 6-9, January 24-27 and February 21-24. The workshop will take place in Nairobi, Lagos, and Accra and when concluded, two of the businesses will be selected by the other entrepreneurs in their cohort to win $50,000 each.

At the Village Capital Fintech Africa 2016 program entrepreneurs will also have one-on-one sessions with experienced mentors, industry experts, investors etc. Click here to apply on or before September 20, 2016.

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