Visa Invests in Four African Startups Driving Financial Innovation

Recently, Visa announced that they’re making strategic startup investments in four African companies: Ghana’s Oze, Nigeria’s Orda, and Kenya’s WorkPay and OkHi. The companies are known for emerging from Visa’s Africa Fintech Accelerator Programme, which is designed to foster financial inclusion and technology advancement across the continent. Moreover, Africa Fintech Accelerator Programme is part of Visa’s broader commitment to invest $1 billion in financial inclusion across Africa by 2027. What’s interesting about this investment? Stay with IGF to find out more about the latest startup developments. Now, let’s dive deeper into Visa investment in four African startups and learn more about them.

Meet the Chosen Startups

These four companies emerged as standout startups from the first cohort of this new program for strategic investment:

• Oze, Ghana: A business banking platform that provides SMBs with accessible financial tools.
• Orda, Nigeria: A restaurant technology platform changing how CPG companies operate food service. 
• WorkPay, Kenya: A leading-edge HR and payroll management solution to improve the productivity of a company’s workforce.
• OkHi, Kenya: Using AI for address verification to make logistics and service delivery far easier and more efficient.

Moreover, each of these startups showcases tremendous innovation and solves some very interesting challenges in financial services, commerce, and infrastructure.

Driving Innovation through Startup Investments

Visa’s startup investments underscore its commitment to promoting money movement, enabling merchants, and advancing financial inclusion. With the third cohort of the 22 startups underway, Visa remains committed to fostering Africa’s burgeoning fintech ecosystem and unlocking prospects for emerging innovators.

Similarly, empowering startups to bring transformative ideas to life – is IGF’s mission. By doing so, we connect visionary entrepreneurs with resources and support and can turn potential into lasting impact. Stay with IGF to be the first to find out about recent startup news.