Tech in Africa
Last Mile Money Accelerator is a 4-month program run by IDEO & funded by the Bill & Melinda Gates Foundation and looking to supercharge inclusive FinTech startups with grant capital, cutting-edge support from IDEO & IDEO.org, and connections with key ecosystem partners. The top 8 startups that joined the Last Mile Money Accelerator were selected from a pool of 250 applications.
India startup Mool solving design and distribution challenges preventing Indians from earning more on their savings. PesaKit is a last-mile agent network platform accelerating digital commerce and financial inclusion. The vision is to develop a super-platform providing inclusive, interoperable, last-mile digital and financial services towards mobile money agents and merchants in Africa. Tanzania-Pakistan B2B fintech Kuunda has built growth APIs and another liquidity platform for all micro-merchants and agent networks solving liquidity challenges among them e-float overdraft and working capital loans.
Egypt super App Khazna offers the underbanked citizens a free prepaid debit card, bill payment, earned wage access, buy-now-pay-later, and peer transfers all in-app minimizing cash transactions. Sudan classifieds platform Alsoug.com is launching a fintech platform Cashi looking to support financial inclusion across Sudan. This new platform eases financial transactions to consumers across Sudan while offering new income streams for SME merchants in turn boosting revenues for major billers.
Ghana platform Boost targets informal retail entrepreneurs making it easy for those informal retailers to get and sell their goods at great prices. Côte d’Ivoire banking app Duniapay powered by crypto that allows users across Subsaharan Africa to save, spend, invest and transfer money to phone numbers worldwide. Kenya fintech Tanda building an ecosystem that enables people to digitally send, receive and access essential financial services.
More on the Last Mile Accelerator on its website
