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Following its 12 week engagement programme, the Visa Africa Fintech Accelerator programme, digital funds chief, Visa has introduced two new partnerships with programme members, Konnect and PayTic.
Konnect, a fintech primarily based in Tunisia which allows seamless, accessible, and instantaneous funds by provisioning hyperlinks that may be shared through SMS, e-mail, messenger, or WhatsApp, and PayTic, a fintech primarily based in Morocco which streamlines back-office operations and enhances danger management throughout digital funds, will even obtain strategic funding from Visa following the programme participation.
These fintechs be a part of Visa’s current investments throughout its first-cohort Accelerator alumni, together with:
Oze (Ghana), which supplies embedded finance merchandise to SMEs Workpay (Kenya), which gives a cloud-based payroll platformOkHi (Nigeria), a sensible addressing system that facilitates digital tackle verificationORDA, a cloud-based restaurant software program firm digitizing over 1,500 eating places throughout Nigeria, Kenya, and South Africa.
Leila Serhan, senior vp and group nation supervisor for the North Africa, Levant and Pakistan (NALP) area at Visa commented: “These revolutionary fintechs are a beacon of creativity and dedication, revolutionizing commerce and finance. Visa is proud to help their journey, offering important assets, mentorship, and alternatives to drive digital transformation throughout Africa.”
“We at Konnect are thrilled with Visa’s continued belief in our imaginative and prescient of driving seamless and instantaneous funds throughout Africa, empowering companies and people to transact with ease and confidence. As a worldwide chief, Visa reinforces our dedication to shaping the way forward for funds,” stated Amin Ben Abderrahman, CEO of Konnect.
Imad Boumahdi, CEO of PayTic, stated: “With Visa’s backing, we’re uniquely positioned to push the boundaries of chance in fintech, serving to bolster the compliance of digital funds and streamline operations for our shoppers. We stay up for leveraging Visa’s deep experience, data, and assets to drive progress and influence.”
Rising partnerships
Visa has additionally introduced its strategic partnership with Chari (Morocco) a B2B platform with embedded fintech options designed for mom-and-pop retailers. The partnership will deal with supporting SME digitisation in Morocco and North Africa to drive digital acceptance and issuance.
Ismael Belkhayat, CEO and co-founder of Chari, commented: “Partnering with Visa will considerably improve our monetary companies for retailers. By bringing Visa’s main acceptance and cost capabilities to the hundreds of retailers throughout North Africa, we’re poised to drive digital transformation and progress within the area.”
Following GITEX Africa 2025
This announcement follows Visa’s participation because the Monetary Innovation Accomplice at GITEX Africa 2025, happening from April 14-16 in Marrakech, Morocco. Concluding the third cohort of the Visa Africa Fintech Accelerator programme on the GITEX 10X Stage on 15 April, Visa introduced collectively 19 fintechs from throughout the continent to showcase their options to an viewers of enterprise capitalists, angel traders, and enterprise companions.
Representing the third cohort of the Accelerator programme, the start-ups comprised dynamic and next-gen Pan-African innovators working throughout 21 African nations. They featured 85 per cent feminine management, marking a considerable enhance from lower than 50 per cent within the inaugural version and 65 per cent within the second, progress which Visa is dedicated to persevering with.
The Visa Africa Fintech Accelerator is a complete three-month programme designed to help Seed to Sequence A startups by providing one-on-one mentorship, coaching, and unique alternatives for funding and partnership, aligning with Visa’s dedication to speculate $1billion in Africa by 2027. Since its launch in 2023, this initiative has accelerated over 60 startups, with the fourth cohort set to be introduced on 2 June, 2025.
Culminating in Demo Day, the place members had the chance to unveil their options to an viewers of influential ecosystem enablers, the programme opens the door to future strategic collaborations and progress avenues by means of invaluable publicity and visibility.
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