Local fintech startup Ipachi Capital has been accepted into the inaugural timbuktoo Fintech Startup Accelerator Programme. The timbuktoo Fintech Startup Accelerator Programme is a Pan-African initiative of the timbuktoo Fintech Hub in Lagos, Nigeria supporting startups that deploy technology solutions in the financial services sector, are contributing towards the achievement of sustainable development goals (SDGs) and have strong monetisation strategy.
The company will attend an immersive 4-week build-a-thon, including pitching sessions with Africa’s leading investors, masterclasses with fintech experts, and fireside chats with industry executives will take place. It will support product development, go-to-market strategies, and market testing of startups. The bootcamp will be conducted in a hybrid format, with continuous virtual support, while including a 2-week physical residency in Lagos, Nigeria.
The most promising startups from bootcamp will receive long-term tailored support for 5 months from August 2024 to December 2024. With this curated approach coaching, product refinement, and scaling will be provided to startups. Additionally, partnerships will be facilitated to spur product iterations, market access and capital raising for the startups. Startups selected for incubation and acceleration will have the opportunity to receive equity-free funding of up to $25,000.
"This is a remarkable achievement and a testament to our hard work, dedication, and innovative spirit. We are thrilled about the opportunities that lie ahead, and we have no doubt that we will make the most of this experience," the company said in a statement.