Amazon may have delayed it entry into Africa, but the company making an entry into the continent through support for fintech start-ups.
Via its cloud computing arm Amazon Web Service (AWS), Amazon has launched a business accelerator for African fintechs.
Hosted by AWS’ Startup Loft Accelerator, the AWS FinTech Africa Accelerator will focus on fintech and fintech-adjacent startups operating in Africa.
The programme will train chief executive and chief technology officers in strategy, tech team management, product development, and helping founders prepare for navigating the complexities of fundraising. Amazon will not be taking equity in the companies, nor will it offer venture debt.
Startups that are selected will join AWS’ Activate programme which will provide founders with up to $25,000 in Activate Credits, and other services. Founders will also participate in workshops and one-on-one sessions with industry experts to address specific challenges their company faces.
Applications are open until April 27, 2023. All pre-seed and seed-stage fintech startups operating in Africa can apply here.
