Ten Southern African startups have been recognized for their innovative fintech solutions that aim to improve financial access for underserved communities. The Fintech Challenge, supported by the World Bank, sought to identify and promote impactful fintech innovations through the Southern Africa Innovation Bridge Portal. The initiative focuses on providing affordable savings and de-risking products for low- and middle-income individuals, as well as lending solutions for SMEs. The winning startups, including abela, Bento Technologies, Fintr, Moya Money, Sum1 Investments, Thumeza, Chaperone, Prime Capital, Ipachi Capital, and FundRoof, each received $5,000 to further develop their businesses. The startups underwent an eight-week investment readiness program that included mentorship and masterclasses. The recognition and funding received will help them engage with potential investors and expand their reach in the region.

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