Zambia FinTech4U
Accelerator

Cohort 2

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

Applications Closed

Zambia FinTech4U
Accelerator

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

Apply Now

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!

Payments

Insurance

Capital Markets

Lending

Digital Banking

Authentication

Blockchain

Cryptocurrencies

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, the top 3 FinTechs will receive $5000 each at the end of the programme.

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

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

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

Tax advisory by EY Zambia

Legal advisory by Musa Dudhia & Co.

High-Speed Internet Access by Liquid Telecom and MTN Zambia

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

Top Rate Class Sessions on Business Modeling

One-on-one Business Advisory Sessions

One-on-one Accounting & Finance Advisory

Top Rate Business Mentorship by industry leaders

Introduction to Funding, Promotion and Travel Opportunities

Free Co-working Space for 6 months

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

Selection Criteria

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)

Have at least a minimum viable product (a product with just enough features to satisfy early customers and provide feedback for future product development)

Have been running from 3 months to 3 years

Desire and ability to grow in and outside of Zambia

Can demonstrate some sort of market traction (proof that somebody wants your product. Ideally, it should communicate momentum in market adoption)

Special consideration for products and services that work to include traditionally under-served populations, such as rural communities, women and youth