ABN – Village Capital’s East African innovation programme FinTech for Agriculture has announced its first winners.
The programme supports companies making it easier for smallholder farmers to access more affordable financial services.
The DOEN Foundation, MasterCard Foundation and Duncan Goldie-Scot all support the programme.
More than 10 high-potential entrepreneurs were selected for the programme, which will support them through business development training, mentorship and opportunities to meet customers and investors.
Following the completion of the 12-week programme, Village Capital will select two companies to receive a US$50,000 investment.
Village Capital executive director Ross Baird said: “We are proud to have partnered with the DOEN Foundation, The MasterCard Foundation and Duncan Goldie-Scot to work with the best local entrepreneurs providing alternative financial services through their technology platforms.
“We are excited about the positive impact that our entrepreneurs can have on improving the income of smallholder farmers – the backbone of the African economy – and eager to see our enterprises’ growth through communities across the continent.”