Nigerian fintech startup Rise has been chosen to take part within the US-based Techstars & Western Union Accelerator, getting access to funding and mentorship.
Based mostly out of Texas, the Techstars & Western Union Accelerator is a three-month, mentor-driven programme designed to assist startups construct and form the way forward for how cash strikes. Every taking part startup receives US$120,000 in funding.
Ten corporations chosen to take part on this 12 months’s class of the accelerator, together with Rise, a digital wealth supervisor connecting Africans to world greenback investments. Will probably be the second accelerator the startup has taken half on this 12 months, after it was chosen for the second version of the LABS by ARM programme, banking US$20,000 in funding and extra progress assist.
“Being a part of the Techstars & Western Union accelerator is perfect for us because we get a chance to work with world-class mentors and leverage the experience of an established global player to really boost our ability to connect users to the best investments anywhere in the world. This gives us the platform and resources to build a world-class solution for our users,” stated Rise founder and chief govt officer (CEO) Eleanya Eke.
Ethan Austin, managing director of the Techstars & Western Union Accelerator, stated the programmes’s thesis for this 12 months was “access”.
“Our definition of access is not limited to opportunity for those moving to the United States. It also means creating equal access for those in every community across this country. While we recognise that there is much work yet to be done and we all have a role to play in ending systemic racism and inequality, we stand proudly with everyone who is fighting for a fairer, more equitable system,” he stated.
“This is a group of founders and entrepreneurs addressing challenges across the financial services system that have the potential to make a lasting impact in creating a more equitable and inclusive global financial system.”