Regional impact-centered accelerator Changelabs has brought its flagship MENA Fintech Accelerator to Egypt for the first time.
The Fintech for a Future Accelerator is aiming to identify and scale promising fintech startups in partnership with SANAD Entrepreneurship Academy, FMO, Disruptech Ventures, and InDrive New Ventures.
The Program will support 12 innovative SMEs in the fintech sector to develop their products, raise funding, and build new customer and strategic partnership. In particular, it is targeting SMEs in Africa and the MENA region aiming to expand their solution into Egypt.
The program will be offered in a hybrid format, combining online and in-person elements, covering relevant topics such as value proposition, customer acquisition, commercialisation, market positioning and milestone planning. Participating startups will receive $25k of AWS funding in addition to tech support and design services. Upon completing the program, startups will have the opportunity to pitch to investors during Demo Day and will be connected with the ecosystem’s network of international investors, industry experts, and partners.
“We’ve teamed up with global transportation leader Indrive’s VC arm and Egypt’s premier fintech VC Disruptech to create a unique program that will shortcut the fintech journey providing startups with direct access to existing fintech leaders, introducing them to new customers, building partnerships, and co-developing products and services for maximum success.” Karim Samra, Founder and Managing Director of Changelabs said.
Applications for the program are now open until August 1st 2024.
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