AFF Accelerator Program

Africa FinTech Foundry (AFF) is an Access Bank initiative that aims to nurture, fund, and accelerate the growth of FinTech startups in Africa through its mentorship and accelerator programmes, fast-tracking their growth and maturity to deliver relevant solutions to the market, providing greater access to financial services to the financial excluded across the continent.

The 12-week accelerator program is broken down into 3 phases:

Design

This phase forces your startup to justify assumptions, prove market viability and build a clear proposition. This is achieved through the help of our amazing mentors and coaches.

Build

This phase focuses on refining your product, planning your finance and implementing a go-to-market strategy. We will offer you our network of customers to arrange partnerships and sales opportunities.

Pitch

This phase pulls together all the elements and gets your startup investment-ready. Lawyers, accountants and pitch trainers will all be brought in to ensure your team has the correct skills and materials to pitch for and receive investment. An Investment Demo Day will be held with Angels, Private Equity and Venture Capitalists.

BE THE NEXT UNICORN
JOIN THE AFF 2021 ACCELERATOR PROGRAM

Session Details

AFF will have a pre and post valuation of each solution

To enable emerging digital technology innovators on the continent meet and exceed their potential for the commercial benefit of our stakeholders

Our sessions will hold 1 – 3 times a week and typically run for 1-3hrs

  • Sessions will be hosted by subject matter experts and founders
  • The cohort will have deliverables for majority of the sessions
  • Follow-up clinics are available for all sessions

Friday Sessions

  • Founders Dinner session every Friday where top founders are invited share their start up stories according to a theme
  • Friday Scrum Meetings with the cohort to track progress

WHO CAN APPLY

We are looking for Startups that:
Have a technology-enabled solution
Have clear monetization strategies
Solves a problem for specific target customer
Have a cross-functional team with deep understanding of the market - which include a technical lead and founder(s) that are fully committed to the business
Have a defensible position (IP; network effects; domain or region expertise)
Have a functional prototype with early traction - Been in operations (since launch date) for at least 6 months
Are highly scalable (via digital distribution or ability to scale sales)
Have potential to address global markets
Have a defensible position (IP; network effects; domain or region expertise)
Offers a unique solution or unique application in a regional setting