The Capitec Bank-backed venture firm has formed an early-stage initiative for fintech developers that combine monetisation with social impact.
Imvelo Ventures, a South Africa-based venture capital firm backed by financial services firm Capitec Bank, has formed a R1m ($66,000) early-stage funding initiative for financial technology startups, VentureBurn has reported.
The programme will select 10 businesses for its initial cohort once the deadline for applications passes at the end of this year. The first batch will be restricted to revenue-generating businesses.
Imvelo Ventures expects the accelerator to provide a springboard for fledgling fintech companies looking to achieve social impact in…
