FSD Africa invests US$3.5m in Catalyst Fund to scale pre-seed impact ventures in Africa

AFRICA – Catalyst Fund, a global inclusive tech accelerator that is managed by BFA Global, has secured a US$3.5 million investment from specialist development agency FSD Africa to anchor its presence in Africa. The funds will also scale its work as a leading accelerator and pre-seed impact fund for emerging market entrepreneurs. Catalyst Fund supports inclusive tech innovators in emerging…

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Three Kenyan startups selected for Catalyst Fund’s latest cohort

KENYA – Kenya’s Topup Mama, Tulix, AquaRech and Nigeria’s ColdHubs have been selected into Catalyst Fund’s latest cohort joining an existing portfolio of 55 companies. They will receive will catalytic capital, venture building support, and direct connections with investors, corporate innovators and talent networks that can help them scale. Kenya’s AquaRech is a platform for fish farmers to source quality…

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Four Ghanaian startups set to join the Catalyst Fund Inclusive Digital Commerce accelerator

GHANA – The Catalyst Fund Inclusive Digital Commerce Accelerator has selected four Ghanaian digital commerce companies as its second cohort to receive funding and support. Catalyst Fund had partnered the Mastercard Foundation and the Meltwater Entrepreneurial School of Technology (MEST) in October 2020, to launch its Inclusive Digital Commerce Accelerator in Ghana, the first expansion of its flagship inclusive fintech…

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South Africa’s online marketplace for home services Kandua raises funding from the Catalyst Fund to drive growth

SOUTH AFRICA – Online marketplace for home services that connects home service professionals to customers, tools, and digital financial services in South Africa Kandua, has received undisclosed funding from Global Catalyst Fund to drive growth in South Africa and increase its product portfolio. Just like the US-based marketplace Task Rabbit, Kandua hopes of ending the risk associated with hiring small,…

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Catalyst Fund partners MEST, Mastercard to launch US$4.3 accelerator program in Ghana

GHANA – Catalyst Fund has partnered with the Mastercard Foundation and MEST (Meltwater Entrepreneurial School of Technology) to launch its Inclusive Digital Accelerator programme in Ghana, the first expansion of its flagship inclusive fintech programme. Catalyst Fund, which is managed by BFA Global, is an accelerator that supports inclusive tech innovators in emerging markets. The accelerator focuses on impact companies…

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Nigeria fintech startups and SA’s Paymenow receive support from Catalyst Fund

AFRICA – Two fintech startups from Nigeria and one from South Africa have been selected to receive capital and venture building support from Catalyst Fund, the global inclusive fintech accelerator. Managed by BFA Global, supported by UK aid and JPMorgan Chase & Co, and backed financially by Rockefeller Philanthropy Advisors, Catalyst Fund is an accelerator for inclusive fintech startups and…

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Catalyst Fund secures US$15m commitment from UK Aid and JP Morgan

AFRICA – Global fintech accelerator Catalyst Fund, managed by BFA Global and Rockefeller Philanthropy Advisors (RPA), announced a new US$15 million commitment from UK Aid and JP Morgan. With the additional investment, Catalyst Fund will support the development, growth and reach of 30 new fintech solutions to boost financial inclusion for an additional 1 million underserved people in Kenya, Nigeria,…

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