Deadline: 26 July, 2020
The United Nations Capital Development Fund (UNCDF), in partnership with BongoHive, is receiving applications for FinTech4U Accelerator Programme in Zambia.
The three-month programme is designed for entrepreneurs who have recently started a fintech or digital financial services business that has the potential to grow throughout Zambia and beyond.
The organisers are understood to be seeking ten Zambian entrepreneurs that offer innovative and effective digital financial products and services to all Zambians, especially those that are traditionally underserved or ‘left behind’.
Benefits
- Each fintech will receive $3,000 to achieve milestones within the programme
- Three months of intensive technical assistance plus three months of additional business support as needed
- Regulatory guidance by UNCDF in partnership with relevant regulators, including BoZ, ZICTA and SEC
- Fintech advisory by UNCDF, including human centered design, data analytics
- Tax advisory by EY Zambia
- Legal advisory by Musa Dudhia
- High-speed internet access by liquid telecom and MTN Zambia
- Cloud computing credit with Amazon’s AWS or Microsoft’s Azure
- Sessions on business modeling
- One-on-one business advisory sessions
- One-on-one accounting and finance advisory
- Top business mentorship by industry leaders
- Introduction to funding, promotion and travel opportunities
- Free co-working space for six months
Eligibility
- Applicant must own a fintech
- Have a viable product (a product with just enough features to satisfy early customers and provide feedback for future product development)
- Have been running a fintech from three months to three years
- Desire and ability to grow in and outside of Zambia
- Can demonstrate some sort of market traction (proof that somebody wants your product. Ideally, it should communicate momentum in market adoption)
- Special consideration for products and services that work to include traditionally under-served populations, such as rural communities, women and young people
To apply and for more information, click here.
Photo source: FinTech4U
