Announcing the startups in Village Capital’s Fintech Africa 2018 program

Village Capital is excited to collaborate with PayPal to support twelve early-stage startups working to improve financial health in sub-Saharan Africa.

Mobile money has transformed sub-Saharan Africa. Financial technology services like peer-to-peer mobile payments have brought millions of unbanked and underbanked Africans closer to the formal economy.

Still, many challenges and opportunities remain. Roughly six out of ten adults in sub-Saharan Africa lack bank accounts, and many more lack insurance or pensions. New and exciting fintech companies across the subcontinent are trying to fix this, but they face regulatory barriers and infrastructure challenges that prevent their growth and expansion.

Today, we’re announcing a cohort of twelve startups for our Fintech Africa 2018 program, each with an innovative technology or business model that has improved financial health for consumers and businesses alike. Our program, which we are running in collaboration with PayPal, will connect these entrepreneurs with the people, institutions, and capital they need to succeed and expand their impact.

The following companies are in the 2018 cohort:

Numida Technologies Inc. Uganda

is building the missing digital products that African small businesses need in order to thrive.

Patasente Inc Uganda

provides purchase order financing for SMEs in Uganda.

Social Lender Nigeria

is the leading credit lending solution based on social reputation on mobile, online, and social media platforms.

Youverify Nigeria

is an API for address and identity verification in Africa.

About Village Capital

Adedana Ashebir leads Village Capital’s work in Africa. To learn more, visit the Village Capital website or Medium page.