The startup acceleration Bootcamp is slated to take place in Luxembourg between the 24th and 28th of October 2022... The Luxembourg House of Financial Technology (LHoFT) has announced the selection of 15 African startups from over 400 applicants for the fifth edition of its CATAPULT Inclusion African program. This year’s edition of CATAPULT Inclusion Africa programme will harness Luxembourg’s Inclusive Finance and Fintech ecosystem to assist chosen firms in building their operations and attaining their inclusion goals. The startup acceleration Bootcamp is organised for fintech startups and is slated to take place in Luxembourg between the 24th and 28th of October 2022. The African countries represented on this year’s CATAPULT Inclusion African list include Mali, Cameroon, Zambia, Kenya, Nigeria, Rwanda, Senegal, and Uganda. In this piece, we will share a bit about the African startups selected for the fifth edition. Meet the 15 African startups selected AFRICRED (Bamako, Mali) AFRICRED, which was founded in 2020, is a platform of the fintech AFA Digital Finance and an African fintech solution. Its mission is to provide digital finance solutions (adapted blockchain-based technology adapted loans to grow loan portfolios) to microfinance, micro-insurance to unbanked and MSME companies across Africa, and banks on a revenue-sharing model, via innovative technology, a new business model, and an adaptive financial solution. AgrixTech (Yaounde, Cameroon) Agrix Tech, founded in 2018, is an Agri-FinTech company that assists small-scale farmers in transitioning from subsistence farming to commercial farming while maximising profit. Agrix Tech packages give farmers everything they need, including funding, farm inputs, consulting, insurance, and market access when possible. The company uses machine learning and satellite data to improve credit decisions, and automated operations keep costs low and process scalable. Alajo (Lagos, Nigeria) Alajo is a personal finance platform founded in 2021 that is designed to be the smart solution to the traditional savings system for the under(un)banked and non-smartphone users, using USSD and SMS Infrastructure. The platform also integrates Data Analytics through AI/ML to help them save money every day. It also keeps their financial records and uses them to develop a credit score system as well as provide advice to help users can make better financial decisions. ChapChap Africa (Kampala, Uganda) ChapChap Africa, founded in 2016, provides financial digital solutions to African MSMEs by helping informal entrepreneurs to establish new business lines as well as providing financial services to low-income earners. It helps business owners to automate bookkeeping so they can build a verifiable digital credit profile. From value-added services to new prospects to finance through their partners, ChapChap Africa is constructing a long-term ecosystem for MSMEs to develop and thrive with them as partners. ComGrow (Lusaka, Zambia) ComGrow is a fintech startup that digitises informal savings and credit groups among friends and family networks, giving a plethora of opportunities as well as an end-to-end secure, technical solution for village banking operations. Their goal is to provide financial assistance to persons who do not have access to traditional banking services. With ComGrow, users keep track of all individuals who participate, what organisations they belong to, how much and when they transact, and any other data supplied relevant to each user on the platform. Radava Mercentile (Nairobi, Kenya) Radava Mercantile, an Agritech firm founded in 2021, is on a mission to empower smallholder farmers in Sub-Saharan Africa with an agricultural commodities exchange market, alternative financing, and post-harvest technologies. Starting with its electronic receipt system, the company improves trade by linking smallholder farmers to a global marketplace and deploying a viable commodities exchange model for the African ...