UNCDF is implementing in Tanzania a Fintech Ecosystem Acceleration program that aims to build both fintech start-ups and accelerators by offering a range of custom-made services. Start-ups and accelerators will be chosen through a competitive process and provided with bespoke support with the objective of boosting the quality of fintech start-ups and ecosystem support services.

The program will focus on pre-identified gaps within the ecosystem including offering mechanisms for sustaining holistic and phased-out support spanning the critical stages of fintech start-ups from post-revenue to scale-up. In addition, UNCDF seeks to support efforts at expanding the formation and growth of start-ups in Tanzania, which is currently primarily focused on lending and payments, to several categories in the fintech landscape including savings & deposits, leasing, remittances, insurance, capital markets, wealth management, reg-tech as well as enabling technologies for financial services including security, blockchain, AI and machine learning.

The program will bring to the fore priority issues for which innovative and sustainable market-based solutions can be sought thus providing grounds for potential partnership opportunities while building evidence-based learnings.

To achieve this, UNCDF will support the fintech ecosystem by working with existing structures and providing a platform for different players - tech entrepreneurs, accelerators, traditional FSPs, MNOs, regulators & supervisors, investors and academia to interact, collaborate and forge important connections and linkages in providing solutions that are innovative, market driven, and commercially viable. Women-owned fintechs will be prioritized to support them to grow, learn from their experience and inspire female engagement in the fintech space.

In this RFA UNCDF would like to identify accelerators, who will serve as program implementing partners. In doing so UNCDF will leverage the existing infrastructure in the ecosystem to operationalize support to fintech start-ups on multiple fronts.

CLICK HERE TO APPLY

Deadline for submission: 30 Sept 29:53 EDT time

Contribution is up to US $150,000 depending on the number of start-ups supported, services provided, etc.

Questions? please send an email to paul.damocha@uncdf.org cc uncdf.rfa@uncdf.org , no later the September 20th, 2021