The Africa Fintech Foundry (AFF) has begun the process for the 2021 Accelerator Program in collaboration with Access Bank. The group said it has opened its 2021 Accelerator program registration portal.
“Research has shown that 90% of start-ups fail due to various reasons such as lack of funding, being in the wrong market, a lack of research, mis-aligned partnerships, ineffective marketing and poor competitive positioning to name a few. 90% is a high percentage rate of failure. This indicates that many things need to go right for a business to succeed. Enabling start-ups to grow, scale and remain relevant in the tech space is where we play a major role as AFF,” head of the Africa Fintech Foundry, Daniel Awe, said.
Here Is What You Need To Know
- The ‘Accelerator’ program aims to fast-track the development within the African technology ecosystem of the best start-ups operating.
- The software will rapidly monitor and assist selected startups to navigate issues such as start-up pricing and competition, producing endearing customer interactions, support and retention, recruiting and workforce management, growth scaling, and fundamentals of the product development cycle, among others.
“Since its establishment, the Africa Fintech Foundry has progressively demonstrated leadership in the areas of innovation, financial technology and entrepreneurship. We recognise the vast array of talent possessed by Africans and the wider global players and the immense potential that our technological start-ups have. “Hence, through the Accelerator programme, we will be providing cohorts with mentorship and clinic hours from leading entrepreneurs, investors and industry experts. They will also get access to funding, unrivalled business insights, access to markets and networking opportunities with our partners at various stages of the program,” he said.
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With formal and informal mentorship from existing entrepreneurs, investors and pioneers across different sectors, the AFF Accelerator programme will last 12 weeks.
To know more about the accelerator, click here.
To apply as a fintech startup in Africa click here.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer
Africa Fintech Foundry 2021