Dealflow | February 3, 2021

Catalyst Fund backs six early-stage African fintech ventures

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, February 3 — Catalyst Fund supports emerging-market entrepreneurs expanding access to basic goods and services. The accelerator has committed £80,000 ($110,000) to six companies, five of them led by women. 

Fintech portfolio

The new cohort includes Nigerian retail banking platform Indicina, which helps individuals and small businesses secure loans; Kenya-based digital insurance startup Lami; and Ghanaian supply-chain financing startup Jetstream (see, “Catalyst Fund secures $4.3 million to accelerate digital commerce in Ghana”).

Catalyst Fund’s portfolio of 37 companies have raised more than $122 million in follow-on funding.