The Fintech Innovation Project, which includes the Fintech Incubation Program and other developmental programmes, is part of Rwanda’s continuous ambitions to become Africa’s Fintech hub, with Mojaloop serving as the national payments switch. The program is in line with Rwanda’s ambition of harnessing technology to foster inclusive economic growth. The selected startups are: KudiBooks; a payment and accounting software for non-finance and non-accounting professionals targeting SMEs across Africa. They help users send and receive payments from their preferred financial institution within Kudibooks. Food Bundles; is leveraging digital technology to improve market links for smallholder farmers and meet the growing demand for fresh food produce. The platform helps farmers participate in e-commerce, get paid on their mobile money, and more! Quiqpay; is leveraging digital technology to improve market links for smallholder farmers and meet the growing demand for fresh food produce. The platform helps farmers participate in e-commerce, get paid on their mobile money, and more! Bafana.io; This amazing startup is giving over 1200 African artists and creatives a personal page where they can easily share their work and a digital wallet to collect tips/payments from their fans around the world. Uplus Mutual Partners (Uplus); is a digital group financing platform where people can efficiently raise funds and savings with their family, friends, and colleagues. PesaChoice; is a financial technology company that focuses on data-based lending. The startup offers short term loans without the requirement of collateral. CentWise; aims to unlock financial access for micro traders such as street vendors and hawkers by building alternative collateral products. The company converts financial data into bankable profile insights. PayingTone; is a marketplace that provides ecologically trackable products and services on credit. The platform brings a digital product passport technology to enable a gamified ecological footprint tracker for recurring consumption customers. Exuus; is a FinTech company working towards achieving universal financial inclusion for both the unserved and underserved through technology. The company’s flagship product SAVE is a digital & inclusive wallet that allows users to manage both their savings (individually and/or in saving groups) and spendings. CcHUB will support the teams in achieving product stability and scalability, market readiness, and investment over the next three months. While utilizing Google products and Mojaloop, they will be able to benefit from mentorship from industry and domain experts. The program’s first cohort will conclude in a demo day in July 2022, during which the startups will present to investors through the CcHUB syndicate.
