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:
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.
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.
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
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
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
