Venture Capital
Funds to help Kenyan start-ups working to disrupt the financial sector through technology. : A Bill & Melinda Gates Foundation backed fund has announced $15 million (about Sh1.5 billion) to help Kenyan start-ups working to disrupt the financial sector through technology. The Catalyst Fund also backed by J.P. Morgan and UK Aid says it will bankroll “promising” fintech start-ups in Kenya and four other countries including Nigeria, South Africa, India and Mexico over the next three years. The Boston-based accelerator provides mentorship and non-equity funding to early-stage tech ventures focused on driving financial inclusion in emerging and frontier markets.

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