The Spark Accelerator is a collaborative initiative by Safaricom , M-pesa Africa and Sumitomo Corporation and Implemented By IHub LTD .It is a platform designed to empower bold and visionary founders at early stage startups to grow and scale their businesses.
Startups based in Kenya particularly those building solutions in highlighted focus areas are encouraged to apply .The program is open to diverse teams with requisite expertise , ready to accept equity participation and with existing products and post revenue.
The spark Accelerator focuses on startups in highlighted sectors including:
- Embedded Financial Services :Insure Tech ; Fintech as a service(enabling other businesses to offer financial services );Agency as a service -Enabling Agents to sell digital products .
- SME productivity tools: E-commerce enablement ;POS acceptance solutions ; Merchant loyalty and rewards ; inventory and sales efficiency ; work capital management.
- Fintech powered by AI ;Wealth management; Fraud management ;Reg-tech;Scoring.
- Content; Local gaming content ;Long and short-form video content ;Mobile Advertisement Definition.
- Others ;Personal Finance Management ;Carbon Finance
Note: While this are highlighted , we encourage startups from aligned industries to apply valuing diversity and innovation.
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