DFS Innovation Lab launches fintech bootcamp
Powered by the Bill and Melinda Gates Foundation, the Digital Financial Services (DFS) Innovation Lab has launched a new high-intensity fintech bootcamp for companies in Sub-Saharan Africa and and South Asia.
To be held in April 2017, somewhere in South Asia, the event expects to attract fintech start-ups with products and solutions that cater to low-income consumers.
The programme will take participants though the design sprint methodology, developed by Google Ventures’ design partner Jake Knapp and his colleagues.
At the end of the five-day programme, the lab intends to provide up to $100,000 in capital to start-ups with the best ideas, in addition to support and mentoring from industry experts.
The DFS Innovation Lab’s portfolio includes companies like Credit Fix, Hover, Malako, Serv’d, and Yooz, all of which use technology to improve access to financial services. The company’s first Design Sprint Bootcamp was held in Dar es Salaam, Tanzania, where 20 entrepreneurs from ten countries worked towards bringing financial services for the world’s poorest communities.
The company invites applications from very early stage start-ups who have less than $100,000 in investments.
Click here to apply. Last date to apply is 28th February 2017.
By Soumik Roy, editorial contributor to Banking Technology