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  • Writer's pictureOmran Aburayya

Timbuktoo Fintech Startup Accelerator Programme (up to $25,000 funding)

Updated: Jun 13


Applications are now open for The Timbuktoo Fintech Startup Accelerator Programme. This program is Pan-African initiative designed to support technology-driven startups in the financial services sector.

If you are technology-driven startup, passionate about leveraging innovations in the financial services sector, Then the Timbuktoo Fintech Startup Accelerator Programme is for you!

 

Program overview

The timbuktoo Fintech Startup Accelerator Programme is a Pan-African initiative of the timbuktoo Fintech Hub in Lagos, Nigeria supporting startups that:

1). Are deploying technology solutions in the financial services sector.

2). Are contributing towards the achievement of sustainable development goals (SDGs).

3). Are highly scalable

4). Hold a defensible position: Startups that have a defensible position, whether through Intellectual Property (IP) rights, network effects, domain expertise, or regional market dominance

5). Have a strong monetisation strategy

 

Program Benefits

The programme will offer Startup founders:


  1. Mentorship and coaching from Africa’s leading industry experts and seasoned entrepreneurs.

  2. Equity-free funding of up to $25,000 USD to support the startups growth.

  3. Access to a network of fellow startup founders and entrepreneurs from across the African continent.

  4. A platform to connect with and access potential investors as well as customers.

  5. Access to technical resources, tailored to accelerate the growth and impact of the startup

 

Program timeline

Applications and Selection Process: May 2024 – 21 June 2024.

Bootcamp: July 2024 (Attendance in Lagos, Nigeria from July 7th – 21st 2024).

• Incubation & Acceleration: August 2024 – December 2024.

 

Eligibility

Applications are open to technology-focused entrepreneurs and startup founders across Africa aged between 18 and 35, who can build, or are already building, fintech startups that meet the following criteria:

  • Startups with founders who are citizens of an African country.

  • Startups must be locally owned and based in any African country.

  • Startups leveraging technology in the financial services sector to capitalize on complex development opportunities and solve challenges.

  • Startups with a minimum viable product.

  • Startups with existing corporate governance systems, accountability, social and environmental safeguards.


This application is limited to citizens of the African Union member states.

 

Application procedure

The application for Timbuktoo Fintech Startup Accelerator Programme is entirely online.The application consists of questions to access formal requirements along with information about your startup and motivation to join the programme. You will be required to submit necessary documents which will be used exclusively for purposes of the application.

You can submit your application by visiting the official online application portal.


Application Deadline: 21 June 2024

 

LINKS

• Official Website of:

 

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