Application Deadline: Tuesday 25th September 2018
CATAPULT: Inclusion Africa is a 1 week training and networking Bootcamp, hosted in Luxembourg between 5th and 9th November 2018, for 12 Fintech firms working to improve financial inclusion in Africa. The program is run in English. Travel and accommodation costs for the participating Fintech companies will be covered.
Building on the success of previous experience, CATAPULT: Inclusion Africa is a unique program of Fintech startup development from the LHoFT, aligned with sustainability goals of Luxembourg’s finance centre. CATAPULT: Inclusion Africa will leverage Luxembourg’s Inclusive Finance and Fintech ecosystem to support the 12 selected firms in developing their businesses and achieving their inclusion goals
Criteria:
Startups selected could range from pre-seed to Series A stage. In general, the bootcamp is stage-agnostic as it aims to further support promising early-stage startups in the fintech for financial inclusion space and create synergies between them, partners, sponsors, investors, Microfinance institutions (MFI) and Public Financial Institutions (PFIs).
► Must be a Fintech company with a clear financial inclusion focus
►Should ideally be a solution that is directly beneficial to work in partnership with a traditional financial institution and/or MFI/PFI
►Must be delivering a solution directly applicable to the target region: Africa
►Should have a minimum viable product already that it would be capable to implement in a pilot project
►Should have meaningful customer or business validation (not limited to revenue, can also be successful pilot studies, number of users, and/or strategic partnerships)
►Must have a strong and well-balanced team. Key areas such as sales, technology development and operations should be covered internally
►Prior funding raised is an advantage but is not a limiting factor for the selection.
Application DEADLINE : Tuesday 25th September
Announcement of the 12 Fintech selected : Friday 28th September
CATAPULT Africa is provided by the LHoFT (The Luxembourg House of Financial Technology). The LHoFT Foundation is a public – private sector initiative that drives technology innovation for Luxembourg’s financial services industry, connecting the domestic and international Fintech community to develop solutions that shape the world of tomorrow.
For More Information:
Visit the Official Webpage of the CATAPULT: Inclusion Africa Program 2018