Celo has launched a new programme to support African startups across payments, remittances, virtual assets, savings, and related financial services.
The Celo Africa Web3 Fund will help provide financial investments through its VC partners and technical assistance through the Celo Developer Guild and technical partners such as Tatum and Ape Unit. This will enable Web2 founders across Africa to adopt a strategy and scale their businesses to achieve deeper financial inclusion, lower transaction costs and more affordable credit.
“Africa’s crypto landscape is rapidly evolving and there are a host of opportunities for traditional startup businesses to respond to these developments”, says Daniel Kimotho, Celo’s Ecosystem Lead for Kenya. “Blockchain and cryptocurrency technologies can radically transform community access to financial products and services, driving wealth and inclusion by creating entry points for people to hold and own digital assets”.
Together with multiple partners including Unicorn Growth Capital, Ape Unit, Echo VC, Uncovered Fund and Flori Ventures, Celo has launched an open call for Web2 founders from payments, remittances, crypto, savings, lending and related financial services sectors with an interest in crypto to apply for the Celo Africa Web3 Fund by 15 July. Celo and its partners pledge to support shortlisted candidates to facilitate their transition to Web3.