Call for application- Investment Readiness Program-Pesatech Accelerator 2
Anza in partnership with UNCDF, NMB, the European Union and the Dutch Embassy is excited to announce a call for applications for financial technology (fintech) startups to apply to join the Pesatech Accelerator Cohort 2 2024.
Pesatech Accelerator is the only fintech accelerator in Tanzania designed to bring together fintech entrepreneurs, mentors, coaches, investors and policymakers with a sole purpose of advancing the fintech ecosystem in Tanzania. In 2022/23, UNCDF together with startup ecosystem partners implemented Pesatech Accelerator Cohort 1 that was aimed at earlier stage fintech startups.
The upcoming Pesatech Accelerator Cohort 2 has been designed to accelerate fintechs that are at a stage past Minimum Viable Product (MVP). In this accelerator, fintechs that will participate in cohorts are those with at least initial sales to customers.
This call for applications is for fintech startups with operations in Tanzania. Applicants need to meet a minimum of the following criteria to be accepted into Pesatech Accelerator Cohort 2.
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Must be majorly owned by Tanzanian;
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Must be post-revenue i.e already has made some sales to customers;
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Addressing digitally any of the following challenges i.e. access to credit, savings, access to insurance (health, life, general), wealth management, investment, payment platforms (local and cross border), investment platform (retail or institutional), and alternative credit scores platform. Others include e-commerce platforms (with plans to integrate any of the primary fintech solutions), Artificial Intelligence (AI) and regulatory technology (reg-tech);
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Must have at least two team members and preferably with technical expertise in the product and industry;
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Must have a plan to scale.
Fintechs that will be recruited into the accelerator will have the following benefits;
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Access to Anza’s local and international network of investors and mentors;
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Access to NMB’s fintech sandbox to advance their product development efforts;
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Performance Based Seed Fund;;
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Access to world class business diagnostic tools emanating from global winning learning methodologies and communities.
Why don’t you hit the button already to apply?
