Start-Up Réseau Selects 12 Start-Ups For Its Thematic Start-Up Bootcamp
Start-Up Réseau Selects 12 Start-Ups For Its Thematic Start-Up Bootcamp. India-headquartered accelerator Start-up Réseau has selected 12 start-ups for its first thematic start-up bootcamp in East Africa, which focuses on fintech and provides access to technology credits and other types of support.
Start-up Réseau launched its East Africa outpost in January, and its first programme is the East Africa Fintech Bootcamp, a three-week venture development programme with global mentors. All participating start-ups get US$150,000 worth technology credits and support from partners.
“We are truly excited by the quality of applications received. Fintech has been pivotal in making strides in financial inclusion in East Africa, the cradle of mobile money. These technologies have made financial services affordable and convenient. East Africa has always been hailed as the torchbearer to the fintech industry, driven by the same key disruptions as the global financial services world – use of alternate data, P2P transactions, and the rise of non traditional players offering financial services,” Ajay Ramasubramaniam, founder and chief executive officer (CEO) of Start-up Réseaut told Disrupt Africa.
“The East Africa Fintech Bootcamp will help further the regional fintech ecosystem by spurring a stronger local fintech entrepreneurship, innovation and job creation in the industry. Over the years we have partnered and executed a wide repertoire of fintech programmes, and look forward to bringing that expertise to founders in Africa.” Ramasubramaniam added.
Start-up Réseau is the entrepreneurial venture of 2 professionals from the start-up ecosystem, who have earlier successfully built India’s top meta-accelerator. The founding team boasts of rich and diverse experience, and a global network of start-up ecosystem enablers, founders, investors, corporates, universities and governments.
According to Disrupt Africa, the cohort comprises 12 start-ups from Kenya, Uganda, Tanzania, Rwanda and Zambia. Kenya leads the way with five, namely insurtech platform MotiGuy, MSME digital tools provider SokoHela, credit management service PayLend, payments solution SafePay, and savings channel Chumz. Uganda has three representatives in the shape of micro-credit platform Yassako, digital asset exchange gateway CoinPesa and micro-lending, payments and money management platform Pay24, while Tanzania has two – wealth management platform Dundiza and savings app Kikoba. Zambian blockchain powered SME and unbanked financial services platform Krypia and Rwandan group contribution mobile app Mine App complete the list.
