Jan 19, Safaricom Spark Accelerator Program for Young Kenyan Startups

Applications are now open for the 2024 Spark Accelerator Program. Submissions are now open for the Spark Accelerator, a platform for bold and visionary founders to grow and scale their businesses. Anchored around the purpose of transforming lives, the goal is simple yet powerful, to empower startups with the access they need to succeed.

The program is expected to start in March 2024 and will run for 14 weeks. The program timeline will be communicated to selected startups during the onboarding process.

Requirements

Startups that fit the below criteria are highly encouraged to apply.

Geographic Location: Starting with Kenya

Strategic Fit: Startups Building Solutions in Highlighted Focus Areas

Team: Multi-skilled team with requisite expertise in the sector

Equity: Ready to Accept Equity Participation

Product: Have an Existing Product and Post-revenue

Stage: Pre-Series A Startups.

Sector Focus

Startups in these focus sectors qualify to apply for the Spark Accelerator.

Embedded Financial Services:

Insure Tech

Fintech as a Service – (enabling other businesses to offer financial services)

Agency as a Service – Enabling agents to sell digital products

SME Productivity Tools:

E-commerce enablement

POS and acceptance solutions

Merchant loyalty and rewards

Inventory and sales efficiency

Working capital management

Fintech powered by AI:

Wealth management

Fraud management

Reg-tech

Scoring

Content:

Local gaming content

Long and short-form video content

Mobile advertisement Definition

Others:

Personal financial management

Carbon Finance

Benefits of Spark Accelerator

Access to Product and Technology Support

Access to Daraja and M-PESA Open APIs

AWS Activate credits up to $25K

Technical advisory & mentorship

Business development support

Access to Market

Go to Market Support

Access to Safaricom and M-PESA Customer Base of over 30 Million Customers

Access to Safaricom Partner Network

Networking and Events

Access to Capital

Investor Readiness

Access to Funding from Safaricom and Leading Venture Capital Funds

How to Apply

For more information and job application details, see; Safaricom Spark Accelerator Program for Young Kenyan Startups

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