Acceleration of financial technology-enabled climate resilience solutions
Description
The project will act as the intersection between climate change adaptation and fintech acceleration - the project proposes a venture-building facility to accelerate fintech-enabled climate resilience solutions for vulnerable households and small businesses in Africa. This facility is based on the success that BFA Global has had through the Catalyst Fund. This project accelerates startup-led solutions by providing catalytic capital, tailored venture-building support, mentoring and networks for the startups working to provide them, with the goal of: 1) de-risking the investment for future investors, thus increasing the chances of companies raising capital, and 2) improving the value proposition offered by the companies to get them close to product/market fit, thus increasing the likelihood of customers adopting and using their products. As a result, the program will fuel growth for the companies, improving climate adaptation and resilience thus positively increasing the wellbeing of vulnerable people.
Kenya, Nigeria, Rwanda, South Africa, Uganda
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