LHoFT Foundation Selects 14 Fintech Startups to Join the CATAPULT: Inclusion Africa Program

TechInAfrica – The CATAPULT: Inclusion Africa Program is a Fintech startup development program designed by the LHoFT Foundation that will take place on November 5 – 9, 2018 at the LHoFT. The one-week development program aims to gather Fintech startup companies from many African countries, including Nigeria, Senegal, South Africa, Tanzania, Uganda, and many more.

The program focuses on financial inclusion, connects Africa and Europe, as well as aligns the program with the long-term sustainable goals of Luxembourg’s finance center. The program sponsored and supported by many parties, including the Ministry of Foreign & European Affairs – Directorate for Development and Humanitarian Affairs, PwC Luxembourg, InFine, University of Luxembourg, Professors without Borders, ADA, LuxFlag, Innpact, House of Training, MicroInsurance Network, CGAP and KAP Innovation in Frontier Markets.

Through the development program, the 14 selected Fintech Startup will receive support from Luxembourg’s Inclusive Finance and Fintech and LHoFT partners to develop their business and goals. Moreover, the program also connects these Fintech startups with sponsors, partners, investors, Microfinance institutions (MFI) and Public Financial Institutions (PFIs).

The development program consists of intensive mentoring, coaching, peer to peer learning as well as workshops. Meanwhile, the seasons of the program include business mapping, business scaling, metrics understanding and evaluating, investability, risk and capital, as well as legal and marketing. The 14 selected Fintech startups will also receive some modules provided by strategic and experienced partners.

Speaking about the development program, the CEO of the LHoFT Foundation, Nasir Zubairi remarked, “CATAPULT: Inclusion Africa is the first homegrown program of the LHoFT Foundation to focus on Financial Inclusion. Luxembourg is the microfinance center for Europe and sustainable finance is a core priority of Government; it, therefore, makes sense to capitalize on the fantastic ecosystem and support available here to welcome these outstanding Fintech companies focusing on financial inclusion. We are very excited to welcome the participants in a few weeks’ time and we and our partners are looking forward to the positive outcomes of this program.”

The 14 selected Fintech startups including: