ImpactAlpha, June 25 – Catalyst Fund, the worldwide inclusive fintech accelerator, introduced its seventh cohort. The six startups will every obtain £80,000 in grant capital and enterprise assist and mentoring.
They embrace Nigeria-based Flex Finance, which has developed a device to assist small- and micro- companies set up a digital presence; Graviti, a Mexican firm that allows unbanked households to flexibly pay for sustainable home equipment; KarmaLife, a monetary companies suite for India’s rising inhabitants of gig staff; Mango Life, a Mexican startup that provides reasonably priced well being and life insurance coverage; PayMeNow, a South African app that enables low-income staff to entry a part of their earned wages earlier than payday; and WellaHealth, a Nigeria-based supplier of reasonably priced healthcare protection for households.
The startups can assist low-income prospects construct monetary resilience within the face of the COVID disaster. “We believe we are facing a catalytic moment during which there is an opportunity to use technology to help low-income consumers and small businesses recover from the impact of COVID-19 and build greater financial resilience for the future,” stated Maelis Carraro, Catalyst Fund Director.