Ghanaian based fintech startup Inclusive Financial Technologies has been shortlisted to join the last stage of the StartupBootCamp (SBC) Africa’s 2nd edition. The startup focuses on connecting the unbanked Africans to the global economy. It does that by using single identity verification Application Programming Interface (API). Inclusive Financial Technology develops platforms that allow developers, fintechs and financial institutions to get to their customers in remote areas. The SBC event will be hosted in Cape Town South Africa in 2018. The SBC event is the cornerstone of the African accelerators that focus on the industry.
There were a total of 1,004 forwarded applications from 77 countries globally. But the SBC group in collaboration with the corporate sponsors of the program selected 22 top tech startups from the applicants. Compared to 2017 the 2018 applicants have attracted more attention in the market. The selection of the 22 top tech startups took place for two weeks. Furthermore, the 22 will get invitations on 11th and 12th July 2018 for the final section day.
From the 22 invited startups, ten startups will be shortlisted to join the 2018 cohort. The selected startups will get a chance to showcase their ideas to renowned investors and corporate sponsors. Moreover, they will get an opportunity to engage and share with mentors and sponsors. The final day of selection will see the declaration of the top 10 startups. They will also get a chance to take part in the Accelerator based in Cape Town that will take place in August 2018. Startupbootcamp Africa’s co-founder and chief investment officer Zachariah George said that the African investment community is appreciating the importance of being members of a global accelerator program. He said that the community has realized the market benefits f being part and parcel of the group. Therefore they have understood the importance of taking part in SBC Africa.
Startupbootcamp was launched in 2010 as an international accelerator. It had 18 programs in Cape Town, Singapore, Rome, New York, Mumbai, Miami, Mexico City, London, Istanbul, Chengdu, Berlin, Barcelona, and Amsterdam. The program assists startups to develop by offering them access to the global network of relevant mentors, partners, and investors. Launched in 2017 SBC Africa is the SBC’s representative in Africa.