Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Capital on the Frontier Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Catalyst Fund gets $15 million to accelerate financial inclusion in emerging markets

ImpactAlpha, Jan. 21 – Catalyst Fund, an early stage accelerator for financial technology in emerging markets, pulled in $15 million in grant funding from J.P. Morgan and UK Department for International International Development.

The accelerator has backed 25 fintech startups building products to reach the global poor since 2016 (see, “The Catalyst Fund’s gateway to financial services for the world’s next billions”).

With the fresh funding, Catalyst Fund, managed by BFA Global and Rockefeller Philanthropy Advisors, will support 30 additional companies in Kenya, Nigeria, South Africa, India, and Mexico. The funding “will enable us to deepen our local footprints and ecosystem development role in each of our key markets, as well as welcome new partners that can support our mission,” said Catalyst Fund director Maelis Carraro.

Alongside the funding, the accelerator announced its latest cohort, including Kenya-based Pesakit, an app for mobile money agents; India-based Farmart, a digital credit platform for farmers; and Spoon in South Africa which provides savings and credit services for women-owned, subsistence enterprises.

You might also like...