Visa Invests In 4 African Fintech Startups

Visa has announced investments in four African fintech startups—Oze, Workpay, OkHi, and ORDA—following their graduation from the Africa Fintech Accelerator program. This initiative aims to enhance financial inclusion and support digital innovation across the continent.

Key Highlights:

1. Oze (Ghana): Focuses on providing SMEs with digital record-keeping tools and financial products to better manage transactions and access capital.

2. Workpay (Kenya): Offers a comprehensive HR and payroll platform, facilitating employee management for businesses in 35 African countries.

3. OkHi (Nigeria): Specializes in digital address verification, helping businesses collect and verify customer addresses to improve service delivery.

4. ORDA (Nigeria, Kenya, South Africa): Provides cloud-based software for restaurants, streamlining operations from order processing to financial services.

Visa's commitment includes a $1 billion investment in Africa by 2027, aiming to strengthen regional financial systems and promote innovation. The Africa Fintech Accelerator serves as a vital support system for startups, with a "Demo Day" planned for December 2024.

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