Catalyst Fund

Catalyst Fund is an inclusive FinTech accelerator focused on supporting early-stage startups that create innovative financial solutions for the underserved populations in emerging markets. Since its inception in 2016, the Fund has worked to accelerate local innovation ecosystems by providing resources and guidance to entrepreneurs developing affordable and accessible financial services tailored to low-income demographics. It is backed by significant philanthropic support from organizations such as the Bill & Melinda Gates Foundation and JPMorgan Chase & Co., and is managed by BFA Global with fiscal sponsorship from Rockefeller Philanthropy Advisors. Through its initiatives, Catalyst Fund aims to enhance industry knowledge and develop customized tools to empower the next billion users in digital financial services.

Maelis Carraro

Program Director

Past deals in Ghana

Swoove

Grant in 2021
Swoove is a logistics service aggregator that provides a comprehensive dispatch and fleet management platform aimed at enhancing delivery experiences for businesses and their customers. The company specializes in offering efficient and cost-effective shipping solutions, enabling African small and medium-sized enterprises (SMEs) to manage deliveries seamlessly across the continent and beyond, beginning with operations in Ghana. Swoove's services include doorstep delivery, accurate pricing, and real-time tracking updates, allowing businesses to monitor their deliveries easily and expand their operations without concerns over costs. With shipping options starting at an affordable rate, Swoove is positioned to support the growth of e-commerce in Africa by streamlining logistics and improving operational efficiency.

Tendo

Grant in 2021
Tendo is an online platform based in Accra, Ghana, that facilitates independent reselling by connecting resellers with businesses. Founded in 2019, the company allows individuals to start their own online businesses without the need for upfront capital investment. Tendo sources ready-to-ship products from various suppliers, which are then made available to resellers who can add their profit margins. The platform also provides access to social media tools and enables resellers to list products at wholesale prices, eliminating the challenges of inventory management and transportation. This innovative approach empowers small businesses and individuals to thrive in the digital e-commerce landscape.

Jetstream Africa

Grant in 2021
Jetstream Africa Limited is a cloud-based logistics company headquartered in Accra, Ghana, established in 2018. The company operates a digital platform that facilitates cross-border marine logistics services for African businesses. It specializes in freight forwarding and global exports, enabling small and medium-sized enterprises (SMEs) to access international trade more easily. By offering services such as shipment booking and tracking, as well as consolidated shipping options, Jetstream enhances the supply chain experience for its users, effectively leveling the playing field in the competitive global market.

Smile ID (formerly Smile Identity)

Pre Seed Round in 2017
Smile Identity Inc. is a technology company based in San Francisco, California, that focuses on identity verification solutions. Founded in 2016, the company has developed an application called SmartSelfie, which allows users to create a universal biometric for authentication on Android devices. The team comprises engineers and financial services professionals from both the United States and Africa, bringing expertise in global markets with a focus on highly regulated environments. Smile Identity has developed advanced encryption, authentication, and security solutions, as well as image processing technology. The company has experience working with telecoms, lenders, banks, and startups, enabling them to understand the unique challenges faced by consumers and enterprises in Africa. With support from prominent investors in Silicon Valley and Africa, Smile Identity has established a pan-African presence, operating in countries such as South Africa, Nigeria, Kenya, Ghana, and Rwanda.

Smile ID (formerly Smile Identity)

Grant in 2017
Smile Identity Inc. is a technology company based in San Francisco, California, that focuses on identity verification solutions. Founded in 2016, the company has developed an application called SmartSelfie, which allows users to create a universal biometric for authentication on Android devices. The team comprises engineers and financial services professionals from both the United States and Africa, bringing expertise in global markets with a focus on highly regulated environments. Smile Identity has developed advanced encryption, authentication, and security solutions, as well as image processing technology. The company has experience working with telecoms, lenders, banks, and startups, enabling them to understand the unique challenges faced by consumers and enterprises in Africa. With support from prominent investors in Silicon Valley and Africa, Smile Identity has established a pan-African presence, operating in countries such as South Africa, Nigeria, Kenya, Ghana, and Rwanda.
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