Visa is boosting African financial inclusion with new Investments

Temmy Samuel

Visa is boosting African financial inclusion with new Investments

Visa, the world’s second-largest card payment processor and best competitor of Mastercard, has invested in four African startups to drive financial inclusion in Africa. According to Visa , this investment is part of the company’s $1 billion initiative to promote financial inclusion in Africa. The selected startups include Oze , a business banking platform from Ghana; Orda , a restaurant technology startup based in Nigeria; WorkPay , a Kenyan firm specializing in HR and payroll management; and OkHi , an AI-powered address verification service. These startups are part of Visa’s biannual Africa Fintech Accelerator program, which launched in June 2023. The program admitted 23 startups and provided mentorship, technology credits, and opportunities to connect with potential investors during Demo Day. Only four of the 23 startups in the first cohort were selected for strategic investment. Visa $1 Billion Investment in Africa Visa aims to support innovative startups driving financial inclusion, money …

About the author

Temmy Samuel

He is a seasoned journalist with extensive experience in consumer tech, economy, finance, business, money and politics. Currently chasing a BSc degree in Accounting.

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