Visa Announces Partnership With Nest To Run Its First FinTech Innovation Bootcamp In Afrika

Global payments giant Visa has partnered with Nest, the Hong Kong-based early-stage venture capital firm and innovation accelerator, to launch its inaugural Visa Bootcamp.

The intensive 4-day FinTech-focused programme will take place at Mettā in Nairobi, and is designed to accelerate innovation and shape the future of finance for consumers and businesses across the African continent.

The Visa Bootcamp will accelerate collaboration opportunities between Visa and early stage technology companies and financial institutions from across Africa for potential integration.

At its core, Visa is a technology company and we are constantly evolving to provide immersive, collaborative and localized experiences for our clients and partners in this region. We think the partnership with NEST is an ideal one that brings our collaborative approach to life through the FinTech bootcamp. Jabu Basopo, Visa’s General Manager for Southern and East Africa

Nest’s team of strategic advisors will join mentors from Visa to coach and share insights with the selected participants, who will also get an opportunity to work alongside leaders in the financial services industry. They will also get access to Visa's APIs, access the tools and resources to needed to scale their startup through Africa and beyond.

The bootcamp’s content is designed to fuel early-stage FinTech companies with a vision to revolutionise financial services for Africa, with a focus on financial inclusion, peer-to-peer lending and merchant payments .

Benefits for participants

“We are very excited to be working with Visa to deliver this bootcamp in Nairobi", Aaron Fu, Managing Partner of Nest Africa said. "Our partnership with Visa signals Nest’s continued commitment to African startups looking for access to funding, mentorship and a global network. Through this partnership with Visa, we will be better equipped to offer stronger tangible tools to entrepreneurs, both from Africa and around the world, who want to make a difference to banking and payments for individuals and businesses across the continent. We will also be leveraging Nest’s global capabilities to elevate the profile of the participating startups by giving them further opportunities to grow and scale."

Applications are now open, closing at midnight on 10th February 2017. The 4-day programme commences on 24 March 2017 in Nairobi at Mettā's new space, concluding with a Demo Day, scheduled for 27 March 2017.

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