Nigerian Fintech Startups Dominates Amazon Web Services Accelerator Cohort List, 11 Startups Selected

Nigerian fintech startups dominated the Amazon Web Services (AWS) Fintech Africa Accelerator Cohort list, as 11 startups were selected out of the 25 startups chosen for the program set to commence in June this year.

The eleven Nigerian startups that dominated the list are as follows, Vagrent Africa, KoinWa, Fluna, Incash, Deempay, Zainnest, Zeeh Africa, Ashiri NG, Bunce, and WALLX Africa.

Others include Chumz, Mauzo, Kiotapay, hela.money, Asaana Pay, Edanra, Exxtra, H28 technologies, eMaisha Pay, xazu Technologies, Moya Money, Abela Mali, Mazaid, and Dreamcash.

Speaking on the accelerator cohort which is set to commence in June 2023, Startup Segment Lead at Amazon Web Services (AWS), Napa Onwusah said,

“’At AWS, we’re thrilled to be a part of Africa’s digital transformation, making core financial services accessible to more individuals and businesses. We believe that anyone regardless of their location, should be able to access innovative technologies and realize their dreams. I am excited that the accelerator will be instrumental in empowering these startups to grow and scale their businesses.”

Although all startups chosen are fintech, they have diverse operations and propositions they offer, such as freelancer payment & invoice management, Cryptocurrency transactions, export and import management, global remittance products, educational institution smart solutions, savings, and investments, amongst others.

Benefits Startups Stand to Gain

Each startup will get technical review workshop sessions and up to $25k in AWS technical credits, world-leading sector advice, and one-to-one mentorship from major industry players including the Africa Fintech Summit (AFTS), Lendsar, and Vestbee to help them build their businesses.

Technology Fast-Track

Tech resources, guidance, and a community of peers. From technical deep dives to round tables on day-to-day CTO challenges.

CEOs and CTOs

Partner Offers & Special Discounts, Access to credits, valuable discounts & offers from AWS Partners.

Cloud Support

One-on-one meetings with AWS Solution Architects and access to product, regulatory & compliance, security specialists.

Business Boost

1: Many sessions, workshops, and one-on-one mentor meetings with subject-matter experts and advisors.

Investors King understands that Amazon Web Services (AWS) accelerator program is making a huge impact on startups globally, as it allows them to focus on developing innovative products to attract VC funding. It has also continued to expand its investments in innovative startups, particularly in Africa, after its first entrance into the world of accelerator programs in 2016.