- Strategic Investments: Visa invested in Oze (Ghana), Workpay (Kenya), OkHi (Nigeria), and ORDA through its Africa Fintech Accelerator program.
- Digital Innovation: Investments reflect Visa’s commitment to championing digital innovation in Africa, driving fintech growth and financial inclusion.
- Accelerator Program: The three-month program offers mentorship, training, and funding opportunities to Seed to Series A start-ups.
- Demo Day: Second cohort graduates will present on December 2nd in Cape Town, South Africa.
- Visa’s $1 Billion Pledge: Investments align with Visa’s commitment to invest $1 billion in Africa by 2027.
Visa has made strategic investments in four African fintech startups, reinforcing its dedication to digital innovation and financial inclusion on the continent. The invested startups are:
- Oze (Ghana) – supporting MSMEs
- Workpay (Kenya) – streamlining backend processes
- OkHi (Nigeria) – identity verification solutions
- ORDA – driving innovation in digital payments
The Visa Africa Fintech Accelerator program, launched in 2023, provides intensive support to start-ups, aligning with Visa’s $1 billion investment pledge in Africa by 2027.
Senior Vice President Godfrey Sullivan emphasized Visa’s commitment to empowering African fintechs, while CEOs of the invested startups expressed enthusiasm for the partnerships, citing scaled innovations, disrupted industries, and trusted leadership.
This investment boosts Africa’s fintech ecosystem, promoting digital transformation and financial access.
