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2017 Barclays Africa, Techstars Accelerator Programme for FinTech Startups

About 2017 Barclays Africa, Techstars Accelerator Programme for FinTech Startups

Application is currently ongoing for the 2017 Barclays Africa, Techstars Accelerator Programme for FinTech Startups. The Barclays Accelerator programme, powered by Techstars, is an initiative aimed at uncovering the next M-Pesa or Paypal by working with exceptional fintech entrepreneurs innovating Africa’s financial services industry.

2017 Barclays Africa, Techstars Accelerator Programme for FinTech Startups

The Barclays Accelerator Powered by Techstars is a three month intensive startup accelerator focused on innovations in financial services. This partnership between Barclays and Techstars brings two global networks together into one accelerator programme that offers entrepreneurs unprecedented access not only to a world leading bank but also to Techstars’ mentor and investor relationships across 13 locations.

This collaboration between Barclays Africa and Techstars offers a game-changing opportunity to 10 qualifying fintech startups, which will take part in a 13-week programme beginning in May next year, based out of the Rise fintech innovation hub in Woodstock, Cape Town.

The Barclays Accelerator first came to Africa at the beginning of this year and was a significant success, with Barclays Africa signing initial collaboration agreements with 7 of the 10 startups that were part of the programme.

Yasaman Hadjibashi, leading the innovation agenda for the bank says: “Africa has tremendous untapped potential to not only pioneer its own creative solutions for its unique contexts but to also create solutions that the rest of the world can adopt for their own contexts.”

According to the Disrupt Africa African Startups Funding Report 2015, 29% of investment in African tech startups goes to those focused on fintech, suggesting a substantial opportunity for innovative ventures in the sector.

Application Deadline

February 5, 2017

Value of Programme

Selected startups will be given the opportunity to enter or expand their presence in the African marketplace via Barclays Africa Group’s customer, product, and technology teams. Leveraging the global footprint of Rise, the selected startups will also have the chance to scale globally through Rise sites in London, New York, Mumbai, Tel Aviv and Vilnius. The Accelerator offers companies an advantage over others by providing a proven curriculum, and lifelong access to the Techstars global network of mentors, investors and venture capitalists.

Selection Criteria

The Barclays Accelerator is looking for great founders with ideas that solve real problems or create meaningful innovations. For us, it’s about the team and because of this, we’re less likely to accept single founder companies. The best things you can do to strengthen your application are:

  • Round out your team with business, technical, and other necessary skills.
  • Make progress on your prototype or product and reference it in the application.
  • Show us you’ve really thought about your business and have actually done something about it.

Your team must be capable of designing your solution and be ready to launch by the end of the 13-week programme. We are looking for impressive teams with an ability to execute.

How to Apply

Fintech companies can apply here: https://www.f6s.com/barclaysaccelerator-africa by February 5th, 2017 for this opportunity to take their venture to new heights. If you’d like to find out more, please visit: http://www.barclaysaccelerator.com/#/cape-town/ or contact emily.skinstad@techstars.com


For more information, click here to visit official webpage>>

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