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Catalyst Fund, others, launch $4.3m inclusive digital commerce accelerator in Ghana



Catalyst Fund

To launch an Inclusive Digital Accelerator programme in Ghana, Catalyst Fund has partnered the Mastercard Foundation and MEST. The partnership and launch become the first expansion of Catalyst’s flagship inclusive fintech programme.

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Managed by BFA Global, Catalyst Fund said the Inclusive Digital Commerce Accelerator was aimed at scaling digital commerce companies in Ghana, and would officially launch at a virtual event in November. Reviewers, familiar with the initiative, noted that the accelerator was aimed to improve the livelihoods and financial resilience of informal micro and small enterprises (MSEs) in Ghana.

Recall that Ghana is one of the hardest hit by the impact of the COVID-19 economic crisis, hence, the accelerator will select innovative companies that can enable informal MSEs to reap the benefits of digital commerce.

To achieve this, however, six digital commerce companies will he selected to be scaled over the next two years. These startups will be assisted leveraging Catalyst Fund’s model to combine flexible grant capital of up to US$120,000.

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In addition, they will benefit from expert-led venture acceleration support, portfolio meet-ups and curated cohort-based workshop sessions, and connections with Catalyst Fund’s growing global Circle of Investors and Circle of Corporate Innovators

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