Challenge
Presently, over 11 million active users are on mobile payment systems, with banks recording over 80% of their transactions as originating from electronic and digital channels. The FinTech sector is the future of banking, especially in times of COVID-19 when digital payment systems get even more important. With this momentum and a growing FinTech ecosystem in Ghana, the NextGen Ghana Fintech Accelerator enables startups to scale up innovative FinTech and business-based solutions to drive sustainable development
Approach
With the Stanbic Bank Ghana, we support 20 selected early-to-growth stage FinTech startups through a 6-month curriculum-based training. The participants engage in a mentorship programme by experts from Stanbic Bank. The training focuses on reconstructing and validating the business models to scale and adhere to industry best practices. We also refine, test, and validate their growth strategies and operational framework – like customer acquisition and investment readiness.
© Stanbic Bank
Goal
The programme's goal is to make young FinTechs investor-ready and help them become commercially scalable and sustainable impact-oriented ventures – promoting the economic growth of Ghana. By supporting FinTech startups to advance their sustainable solutions in a local environment, the NextGen FinTech Accelerator aims at contributing to UN Sustainable Development Goal # 8 and fostering more relevant sustainability-driven innovation far beyond the financial industry.
Delamazior, Jidi Trust
David Boya Duku, PayBox
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