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# Catalyst Fund secures $3.5 million to scale pre-seed impact ventures in Africa
- URL: https://www.techloy.com/catalyst-fund-secures-3-5-million-to-scale-pre-seed-impact-ventures-in-africa/
- Published: 2022-07-18T15:15:41.000Z
- Updated: 2022-12-08T00:25:46.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Tech in Africa, / Money

Kenya-based [Catalyst Fund](https://bfaglobal.com/catalyst-fund/) supporting early-stage startups building innovative fintech solutions to serve underserved communities has secured $3.5 million in funding, to accelerate and scale pre-seed impact tech startups in Africa. 

- The fund will back 40 African startups offering innovative fintech solutions in climate-vulnerable communities.
- Catalyst Fund has invested in over 61 startups across the emerging markets toward a resilient fintech ecosystem.
- The new raise was received from FSD Africa, a development agency focusing on improving finance in Africa.