DFS Lab, a fintech accelerator funded by the Bill and Melinda Gates Foundation is accepting applications for their third fintech bootcamp, which will be held Dec. 3-9, 2017 in Dar es Salaam, Tanzania.
DFS will give up to USD 50K in funding to top fintech businesses and six months in DFS Lab’s proven approach accelerator.
“We are excited to have the opportunity to invest in breakthrough technologies that can help reach the billions of people in South Asia and Africa who lack financial services,” said DFS Lab Director Dr. Jake Kendall. “Our goal is to identify, invest, and work with early-stage companies who are building transformative technologies that will help improve the lives of unbanked citizens.”
Since launching in 2015, DFS Lab has invested more than in 18 startups. The Lab is currently interested in entrepreneurs that are creating solutions for customers that function on non-smartphones, as well as new approaches for closing the financial services gender gap. But they encourage applications from any great team with a breakthrough idea.
Over the past year, finalists in previous cohorts representing companies headquartered in Africa and South Asia went through intensive 1-week boot camp programs in Tanzania and Sri Lanka. In addition to financing, the companies selected receive six months of intense mentorship and integration into a global network of top experts who have agreed to advise them.
Entrepreneurs who wish to be considered should apply to DFS Lab Bootcamp Three by Nov. 3, 2017, at dfslab.net/apply.
Kenya’s Pezesha and Pula, an insurance intermediary for small-scale farmers in Africa and Ghana’s Inclusive, an API that verifies financial identities across Africa and US-based Teller are set to raise $250,000 in funding from DFS Lab.