Amazon AWS, the cloud computing division of the e-commerce retailer, has opened up applications for its inaugural edition of the AWS FinTech Africa Accelerator as it continues to strengthen its footprint in Africa.
AWS’ globally-recognized Startup Loft Accelerator hosts this program, but unlike other cohorts, this edition will focus on fintech and fintech-adjacent startups operating in Africa.
The AWS FinTech Africa Accelerator is an equity-free program designed to prepare founding members to navigate the complexities of fundraising and enable them with a wide variety of resources including strategy, tech team management, and product development.
AWS’ Activate program will provide participating startups with up to $25K USD in Activate Credits and many other services. Founders will also take part in a series of industry expert-led workshops and one-on-one sessions designed to address the specific challenges and opportunities each startup faces.
Applications for the accelerator remain open to pre-seed and seed-stage fintech startups operating in the African startup landscape until April 27, 2023.
This investment by the cloud service provider has the potential to further offer a significant boost to the African fintech landscape which raised over $2 billion in venture funding in 2022, by fostering fintech startup ideas and innovations and consequently driving financial inclusion across the African landscape.