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Fintech accelerator Catalyst hasannounceda 15 million USD fund to advance financial inclusion for underserved people. The announcement was made during the 2020 UK-Africa Summit in London. Catalyst also unveiled its next cohort of start-ups : Kenyan based mobile money lenderPesakit; another Kenyan app for savings and credit cooperatives,Kwara;Cowrywise-a savings and investment tool for Nigerian youth; South Africa debt counselling and savings appMeerkat; Indian farmers digital credit appFarmart; andSpoon-South Africa-based savings and credit offering for women-owned, SMES.
The fund is resourced by UK aid and J.P. Morgan.
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