Applications end on the 27th of April.Ģ004 marked Amazon’s first entry into Africa. AWS is now inviting early-stage fintech companies to apply to join the inaugural edition of the AWS FinTech Africa Accelerator. In 2022, fintech startups in Africa raised over $2 billion in venture funding out of over $5 billion invested in African startups.
African fintech companies receive the most venture capital funding compared to other technology categories. Hosted by AWS’ Startup Loft Accelerator, the program will focus on fintech and fintech-adjacent startups operating in Africa. The new program is a sign of Amazon’s growing ambitions on the continent and the direction of this ambition. By focusing on training and providing digital infrastructure and services, Amazon is pointing to where it sees value in the African market.Īmazon Web Services (AWS), the cloud computing division of the global e-commerce giant, Amazon, has launched a business accelerator for financial technology companies in Africa.
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