“Specifically, we’re looking for startups that address insurtech, pensions and savings, cooperative finance, and financial literacy; leverage data for credit scoring and consumer insights; and apply fintech to our other sectors of interest: agriculture, energy, education, and health,” Village Capital said.
It was reported in May Village Capital and PayPal announced the expansion of their investment-readiness programme for financial health entrepreneurs to several new regions, including Sub-Saharan Africa.
The organisations announced they will host four incubator programmes around the world over the next two years: in the US, Latin America, India and Sub-Saharan Africa. At least 40 emerging fintech entrepreneurs will be supported through the programmes.
Retaining Village Capital’s unique peer-selection investment model, at the end of each programme, participating entrepreneurs will review each other to decide which two participants will receive US$100,000 investment each from Village Capital.