Accion Venture Lab, the seed-stage investment initiative of global non-profit Accion, first launched Company Builder last year, aimed at building inclusive fintech startups from scratch to reach the millions of financially underserved Nigerians.
A number of startups were formed during the first edition, and Accion Venture Lab is now looking for more prospective entrepreneurs to take part in the second cohort. Participants will generate ideas and form startup teams to develop and refine their concepts, with selected teams moving on to a testing phase and the overall winner gaining Accion support as they transition to full-time founders.
“Through Company Builder, Accion Venture Lab works with entrepreneurs to develop fintech solutions for underbanked consumers in Nigeria, validate their models in the market, and build a business from the ground up,” said Averi Thomas-Moore, Company Builder associate at Accion Venture Lab.
“This initiative leverages Venture Lab’s global knowledge and expertise in fintech for financial inclusion and provide both financial and non-financial support as the entrepreneurs scale their businesses.”
Fifteen entrepreneurs will be selected to take part, with Accion Venture Lab accepting applications until March 6.