Global financial services company Visa called on fintech start-ups in sub-Saharan Africa to participate in the regional part of its Everywhere initiative.
This is because it announced the 2021 edition of the Global Innovation Program and Competition for FinTech Companies.
The Visa Everywhere Initiative tasks start-ups with solving future payment and commerce challenges, as well as improving their own product offerings by providing visionary solutions to Visa’s partner network.
Since its launch in 2015 in the United States, the Everywhere Initiative has grown into a global program with more than 7,000 participating startups, raising more than $ 2.5 billion in funding.
In a statement, Visa said fintech companies created by everyone will be pitching their ideas in regional competitions to a panel of expert judges from the payments industry everywhere.
All Sub-Saharan African applicants are invited to compete first on a Central European, Middle East and Africa (CEMEA) stage, with two prizes up for grabs: $ 15,000 for the overall winner and the People’s Favorite Prize of $ 10,000.
According to Visa, the winner of the CEMEA regional pitch will compete in the global competition for a combined total of $ 100,000 in cash prizes, adding that he is not asking any fairness from Visa Everywhere Initiative competitors in this competition.
“Supporting businesses around the world that develop solutions that drive seamless cash flow everywhere is a top priority for Visa,” said Aida Diarra, senior vice president and country manager, Visa Sub-Saharan Africa. “We recognize fintechs as an innovative force that is at the heart of our business and we encourage everyone to apply for the Visa Everywhere initiative.
“I can’t wait to see the many brilliant ideas from South Africa, Kenya, Nigeria and across sub-Saharan Africa this year.”
Visa indicates that participants are invited to submit their application in English to the CEMEA regional pitch before May 7, with the CEMEA regional final scheduled for June 8. The world final will take place on September 14.
Visa and TechCrunch will promote and host virtual and live broadcast events in North America, CEMEA and Latin America.
To participate in the Visa Everywhere initiative, participants are invited to register and submit applications by clicking on here.
Visa seeks ‘brilliant’ fintech companies from sub-Saharan Africa
Source link Visa seeks ‘brilliant’ fintech companies from sub-Saharan Africa