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AWS opens applications for its inaugural FinTech Africa Accelerator : How to apply


Amazon Web Services’ Startup Loft Accelerator has announced the inaugural launch of its AWS FinTech Africa Accelerator. The program is open to pre-seed and seed-stage fintech founders operating in Africa and building companies to solve fundamental issues in payments, open/embedded finance, digital banking, and blockchain.

Startups building decentralized finance, fintech-as-a-service, and other fintech categories are also encouraged to apply.

The equity-free accelerator program aims to support early-stage fintech companies with everything from technology, product development, go-to-market strategy, and preparing founders for the nuances and complications of fundraising. The 10-week, virtual accelerator is designed to give CEO’s & CTO’s the necessary tools for unlocking meaningful growth and scale, while also connecting them with world-class mentors and a global network of AWS Startup Loft Accelerator alumni.

Given AWS’ industry-leading cloud infrastructure, the accelerator will work closely with CTO’s to prepare them with everything from recruiting world-class talent to managing an engineering team, building a minimum viable product, and design principles for cloud architecture.

Cohort participants are also eligible to join the AWS Activate program which will provide each startup with up to $25K USD in AWS Activate Credits along with an array of other services in addition to exclusive offers from AWS’ partner companies.

The program is supported by industry leaders including Techcabal, the Africa Fintech Summit, Lateral Frontiers, Unicorn Growth Capital, Vestbee, Stripe, and many others. With the assistance of these partners, the program will equip founders with tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners.

Applications for the AWS FinTech Africa Accelerator are open until April 27, 2023.

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Nixon Kanali

Tech journalist based in Nairobi. I track and report on tech and African startups. Founder and Editor of TechTrends Media. Nixon is also the East African tech editor for Africa Business Communities. Send tips to nkanali@techtrendske.co.ke.

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