What's Hot

    Unlocking Nigeria’s maritime potential – NESG explores path to prosperity

    September 27, 2023

    Oman’s Duqm Refinery completes start-up

    September 25, 2023

    CYNK – Africa’s first verifiable carbon market launches in Kenya

    September 22, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      India reveals expansive rail and ports corridor for Middle East and South Asia

      September 13, 2023

      Green energy – UAE funds African projects through $4.5 billion initiative

      September 6, 2023

      West African ports benefit from international investment

      September 1, 2023
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Unlocking Nigeria’s maritime potential – NESG explores path to prosperity

      September 27, 2023

      CYNK – Africa’s first verifiable carbon market launches in Kenya

      September 22, 2023

      Ionic Rare Earths engages DRA Global to advance Makuutu Development

      September 20, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      MENAT to see investment flows increase substantially

      Business Business & Trade Finance September 4, 2023
      Recent

      MENAT to see investment flows increase substantially

      September 4, 2023

      Ballim – GGC can play a major role in Africa

      July 17, 2023

      Africa50 invests USD 6.6bln in infrastructure over 6 years

      July 7, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Entrepreneurship

    10 African fintech startups to join CATAPULT: Inclusion Africa: Special Edition in Dubai

    March 21, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    CATAPULT
    10 African startups will present their businesses at the event.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Luxembourg House of Financial Technology (LHoFT) Foundation has announced the selection of 10 African fintech startups to join CATAPULT: Inclusion Africa: Special Edition in Dubai.

    CATAPULT: Inclusion Africa (CATAPULT) is a platform that aims to create impact through financial inclusion. CATAPULT seeks to provide participants with education, support and networking opportunities by leveraging established entrepreneurs and finance professionals from Luxembourg.

    The special edition of CATAPULT will be held in Dubai and is sponsored by Luxembourg’s Ministry of Foreign and European Affairs, with support from the Alliance of Financial Inclusion and organizations including ADA, AFI, InFine, DIFC FinTech Hive, PwC, Luxembourg Microfinance and Development Fund, Luxembourg For Finance, Dubai UAE Expo 2020 and Compellio. 

    “We are excited to deliver our Catapult program in Dubai, working with incredible local partners such as the DIFC and Fintech Hive as well as our key Luxembourg sponsor, The Directorate for Development and Humanitarian Aid. We have an incredible lineup of participants picked from over 130 applications, and we look forward to working with them and learning about their businesses. This is a great demonstration of international collaboration between the UAE and Luxembourg, and we believe all mentors and stakeholders involved will benefit from the ecosystems coming together through the Catapult program,” said Nasir Zubairi, CEO of the LHoFT.

    Speakers from Luxembourg and the UAE will give talks on developing businesses, creating synergies and achieving inclusion goals and the selected startups  will benefit from networking opportunities with the event’s partners, sponsors, investors, microfinance institutions and public financial institutions (PFIs).

    The African startups are Ghana’s Motito, a “buy now, pay later” platform which provides interest-free credit at point-of-sale; Akiba Digital from South Africa, an alternative scoring platform that powers credit for small businesses; and Damansah, from the Ivory Coast, which is creating an alternative credit scoring system that connects credit providers to small businesses.

    Three of the startups hail from Nigeria. Social Lender, seeks to assist financial institutions in offering their services based on the social reputation to individuals who are underbanked. MamaMoni provides micro-loans to low-income female entrepreneurs, and Halal Payment is an all-inclusive digital payments platform leveraging the Islamic banking system to provide shariah-based financing for SMEs.

    Two more are from Zimbabwe: eAgro uses data analytics and machine learning to create low-cost financial credit products designed to support the unbanked and underserved farmers. VIRL Rural & Social Financial Services provides loans to smallholder farmers and micro and small enterprises.

    Another two are Ugandan, namely eMaisha Pay, a mobile platform that leverages machine learning, alternative data and psychometric parameters to credit score SMEs; and International Airtime Top Up, which offers airtime, money transfers and cash pick-up solutions to and from African corridors.

    The event will run from today until March 23.

    CATAPULT Dubai Startups
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleZimbabwe-UAE trade grows by 300 percent in three years
    Next Article Egypt’s Biggest Bank Invests in Fintech Firm Lucky

    Related Posts

    Business & Trade Innovation

    CYNK – Africa’s first verifiable carbon market launches in Kenya

    September 22, 2023
    Agri commodities Agri-Business Business & Trade Commodities

    Ugandan agritech startup Emata secures USD 2.4 million in seed funding

    September 15, 2023
    Business Business & Trade Trade

    ECI and ADEX to boost international trade, technological advancement

    September 11, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    Unlocking Nigeria’s maritime potential – NESG explores path to prosperity

    September 27, 2023

    Oman’s Duqm Refinery completes start-up

    September 25, 2023

    CYNK – Africa’s first verifiable carbon market launches in Kenya

    September 22, 2023

    Ionic Rare Earths engages DRA Global to advance Makuutu Development

    September 20, 2023

    Turkey Exporters Assembly plans Saudi-Turkish trade summit

    September 18, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.