Zambia FinTech4U Accelerator

Do you want to transform the way Zambians pay,
save, send or lend money?

Apply Now

Programme Dates

Monday, 20th January 2020

Thursday, 16th April, 2020

Programme Time

18:00Hrs – 20:00Hrs
Every Monday + one-on-one sessions with experts

Application Deadline

1st November, 2019

About FinTech4U

The FinTech4U Accelerator Programme is a 3-month accelerator programme. The programme is designed for entrepreneurs who have recently started a fintech or digital financial services business that has the potential to grow throughout Zambia and the regional market.

FinTech4U Background

The United Nations Capital Development Fund (UNCDF) aims to support the growth of the digital economy and increase access to financial services for all Zambians, as a way to improve livelihoods.

BongoHive seeks to catalyse the growth of Zambian entrepreneurship, innovation and technology through support programmes, workshops and events.

UNCDF and BongoHive partnered on a business accelerator programme, FinTech4U, that aims to address some of these challenges by working with 10 Zambian FinTechs that offer innovative and effective digital financial products and services to all Zambians, especially those that are traditionally underserved or “left behind.”

The programme begins with a call for applications from 4th October 2019 to 1st November, 2019. Classes for entrepreneurs will run from 20th January 2020 to 16th April, 2020.

Both UNCDF and BongoHive believe that by addressing these and other challenges, these FinTechs, SMEs and other stakeholders in the ecosystem will contribute to a stronger infrastructure to support the digital economy and thus improve the livelihoods and opportunities for Zambians.

Focus Areas

The accelerator programme will consist of a selection of 5-10 startups , operating in any one or more of the following focus areas:

Female-led businesses are encouraged to apply!



Capital Markets


Digital Banking




Business Solutions

Real Estate

Personal Finance

Credit Scoring

Regulatory Tech

Benefits 4U

New businesses, including FinTechs, need support in many areas to succeed and thrive.

In addition to technical assistance, each FinTech will receive $3000 to achieve milestones within the programme.

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    3 months intensive technical assistance + 3 months additional business support as needed

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    Regulatory Guidance by UNCDF in partnership with relevant regulators, including BoZ, ZICTA and SEC

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    Fintech Advisory by UNCDF, including Human Centered Design, Data Analytics, and others

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    Tax advisory by EY Zambia

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    Legal advisory by Musa Dudhia & Co.

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    High-Speed Internet Access by Liquid Telecom and MTN Zambia

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    Cloud Computing Credit with Amazon’s AWS or Microsoft’s Azure

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    Top Rate Class Sessions on Business Modeling

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    One-on-one Business Advisory Sessions

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    One-on-one Accounting & Finance Advisory

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    Top Rate Business Mentorship by industry leaders

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    Introduction to Funding, Promotion and Travel Opportunities

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    Free Co-working Space for 6 months

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    Valuation of company (meaning determining the value of the company) 

How We Select U

To qualify for the FinTech4U programme you must be a FinTech.

A FinTech is defined as: a business that uses technology and/or data to bring a new product, service or business model in the financial services sector (including Business2Customer, Business2Business, Business2Government, etc)

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    Have at least a minimum viable product (a product with just enough features to satisfy early customers and provide feedback for future product development)
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    Have been running from 3 months to 3 years

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    Desire and ability to grow in and outside of Zambia
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    Can demonstrate some sort of market traction  (proof that somebody wants your product. Ideally, it should communicate momentum in market adoption)
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    Special consideration for products and services that work to include traditionally under-served populations, such as rural communities, women and youth



3rd October 2019 – Applications Open

10th October – First Information Session

22nd October – Second Information Session

1st November – Applications Close

2nd November – 28th November – selection process by panel of experts identified by UNCDF and BongoHive

29th November – First cohort winners announced

An Initiative of:

In partnership with:

Funded by:

Copyright © 2019 – 2020 Zambia FinTech4U Accelerator Programme