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, independent contractors who do home renovations, maintenance and repairs in South Africa and helps bring transparency in two-communication, invoicing and payments. Kandua was founded in 2015 by Arjun Khoosal and…

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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 offering accessible, affordable and appropriate solutions, designed for underserved individuals and micro and small enterprises, and accelerate the local ecosystems around them. The accelerator said that it aims to improve…

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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 innovation ecosystems, in emerging markets. To date, Catalyst Fund has accelerated 31 portfolio companies that have gone on to raise more than US$64 million in follow-on funding and reach over…

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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, South Africa, India and Mexico, it said in a statement. The fund said it is focusing on these markets because of their vibrant fintech industries, which house a significant number…

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