Two Moroccan startups shortlisted for Visa Africa Fintech Accelerator

Two Moroccan fintech startups, Woliz and Hsabati, have been selected for the fourth Visa Africa Fintech Accelerator program launched by the American giant in digital payments to help startups fast-track their growth and impact.

Woliz is a fintech ecosystem transforming nano-stores into digital hubs with loyalty rewards, payments, and AI-driven operations. Hsabati is a platform that helps businesses manage operations, enabling data collection and ecosystem scoring to facilitate financing through partner banks.

In total, twenty-two startups from 12 African countries will benefit this year from Visa’s comprehensive 3-month program of training, mentorship, and networking.

The training will enable the startups to tackle challenges in Africa’s fintech sector and promote financial inclusion and digital growth. They will be trained about latest solutions in Small and Medium Business (SMB) digitization, lending, cross-border payments, payroll, business-to-business (B2B) payments, AI-powered payments, social commerce, climate insurance, and neo-banking.

The Visa Africa Fintech Accelerator offers Africa-focused startups mentorship, tailored training, networking, and access to funding and resources, helping them advance in the fintech sector.

Since its inception in 2023, the Visa Africa Fintech Accelerator program has accelerated 64 fintechs across three cohorts, with an estimated cumulative portfolio value of $1.1 billion.