Through the initiative, IFC is partnering with two programmes – the Startupbootcamp Pride FinTech Cairo programme run by corporate-backed accelerator Startupbootcamp and Egyptian VC firm Pride Capital, and the fintech accelerator AUC Venture Lab.
It will help the two fintech-focused accelerators improve their offering to startups in areas like mentorship, business development and technical training, to help them attract funding from investors.
IFC said fintech has the potential to reshape the banking industry and is growing rapidly in Egypt, where only 32 per cent of those aged 21-plus have a bank account. By supporting innovative fintech startups, the programme aspires to support IFC’s efforts in expanding financial inclusion across the country.
Read More.. Source Disrupt Africa