Catalyst Fund has accelerated 25 companies across 14 markets globally since launching in 2016. From 2020-2022, we will accelerate an additional 30 companies in five key markets: Kenya, Nigeria, South Africa, India, and Mexico.

Where Our Companies Operate

Spoon Money is a micro-lending and savings platform designed for female, informal traders in South Africa.

South Africa | B2B | savings + credit

Cowrywise is the smartest way for Nigerians to plan, save, and invest.

Nigeria | B2C | savings + investment

Pesakit is a platform for mobile money agents in Kenya, empowering them to borrow e-float and add revenue sources, while providing a new channel for digital financial services to reach low-income populations.

Kenya | B2B | mobile money agent network

Kwara offers a secure online and mobile banking solution for SACCOs in Kenya.

Kenya | B2B | digital banking | SACCOs

Meerkat aims to improve financial health for underserved consumers in South Africa, providing debt counseling, a savings platform, and affordable life and funeral insurance.

South Africa | B2C | savings | debt counseling

Chipper Cash offers a free and an interoperable P2P transfer platform across five different countries in Africa (Uganda, Kenya, Tanzania, Rwanda, and Ghana). Customers are also able to transact across borders instantly with no fee.

Africa | Low-income households | B2C | Payments

Turaco is an insurtech company that offers health credit and health insurance tailored to the needs of low-income customers. Turaco’s mission is to free people from the fear of financial shocks. They hope to insure a billion people.

Africa | Low-income households | B2C/B2B | InsurTech

MobiLife is Africa’s first 100% ‘built for mobile’ life insurance, using the power of smartphones to bring effective insurance solutions to low-income consumers.

South Africa | Low-income households | B2C | Insurtech

Africa’s only collateralized mobile fintech lender & Uganda’s first digital lender, Asaak offers African entrepreneurs & farmers access to quick, mobile-based collateralized credits.

Uganda | Low-income farmers | B2C | Digital lending

Atikus is a SaaS company that helps financial institutions better identify, quantify, and mitigate their operational and credit risks.

Rwanda | Financial institutions | B2B | SaaS

PayGo Energy is a cookstove solution and distribution system that enables customers to access clean and efficient fuel at a low price.

Kenya | Low-income households | B2C | Payments

Flowigo provides SaaS services for inventory, customer review and other business management functions, to small African businesses by integrating with Africa’s top services and automating workflows.

Kenya | Solar distributors and lenders | B2B | SaaS

Hover makes USSD-based services more affordable to illiterate and innumerate segments by enabling end-users to interact with financial and informational services via graphical user interfaces.

Global | Mobile Money Provider | B2B | Payment

Leaf is a virtual bank serving the stateless and excluded population. It offers cross-border asset storage and transport via a mobile platform which enables the conversion of cash into virtual currency through blockchain technology.

Rwanda | Refugees | B2C | Payment

Smile Identity uses computer vision, machine learning, human review and local integrations to provide a complete KYC and user identification solution for mobile-first frontier markets.

Kenya | FSPs | B2B2C | Digital ID/KYC

Sokowatch enables informal retailers to order products at any time via SMS or mobile app, and receive free same-day delivery to their store.

Kenya | B2B | Retailers | Commerce

Worldcover offers affordable micro crop insurance for smallholder farmers in Africa, protecting them against yield loss by using satellites to monitor rainfall and effectively calculate risk.

Ghana | B2B | Smallholder Farmers | Microinsurance

Harvesting uses AI, remote sensing data and alternative data points to offer a credit score and virtual farm monitoring solution to small-scale farmers in Africa and Southeast Asia.

Africa | Asia | B2B | Smallholder Farmers | Alternative credit score

Abalobi is a mobile application suite for small-scale fisheries in South Africa, offering services from data and insights, to fleet management, to a digital marketplace inclusive of demand and pricing prediction.

South Africa | B2B | Fisheries | Payments

farMart is working to reach last-mile farmers in India with digital credit solutions, via agri merchants.

India | B2B | farmers | credit

Salutat is helping traditional financial institutions better serve and retain customers. It provides a customized communication platform to help the staff of financial institutions improve customer relationships and drive customer engagement using NLP and advanced tech.

Asia | Financial Institutions | B2B | Advanced tech tool

Rukula offers small loans for household consumer durables and electronic items to Sri Lankan financially excluded communities to enhance their quality of life.

Sri Lanka | Low-income households | B2C | Digital lending

PayLatr is a recurring micro-credit mobile platform offering interest-free monthly credits to low-income households in India to easily pay for retail transactions without cash, credit cards or other pre-paid means.

India | Low-income households | B2C | Digital lending

PayAgri is an agri-fintech startup that brings together key players in the Indian agriculture value chain to facilitate trade and funding flows. PayAgri’s primary platform, Agri Value Engine (AVE), connects farmers and buyers by removing inefficiencies in the value chain, such as middlemen, cash-based transactions and misinformation.

India | Low-income farmers | B2B2C | Payment

Diin is an online micro-savings app for low-income people in Brazil. It helps people set goals, create a savings schedule, and gives them better returns by investing on behalf of their customers.

Brazil | Low-income households | B2C | Savings

ToGarantido acts as an insurance broker that offers insurance solutions and health services through a technological platform based on Artificial Intelligence and advanced data analytics resources.

Brazil | Low-income households | B2C | Insurtech

Comunidad 4Uno is an online platform that distributes tailored financial products, such as insurance and debit cards, to low-income and financially excluded domestic workers in Mexico.

Mexico | Domestic Employers | B2B2C | Insurtech

Destacame is a digital financial management platform offering an alternative credit scoring system that gives users control over their data to build their financial capabilities and access financial products.

Chile, Mexico | Low income customer without credit scores | B2B2C | Alternative credit scoring

ESCALA offers safe, automated savings plans to increase access to higher education for low- and middle-income families. ESCALA customers also receive additional benefits, such as matching funds from their employers, savings and career advice, and discounts at designated educational institutions.

Colombia | Low and middle-income families | B2B2C | Savings

BancoMare offers affordable, secure and scalable digital financial services to low and moderate-income people living in the Favelas using blockchain technology.

Brazil | Low-income population in the Favelas | B2C | Payment

Zippi offers affordable and flexible loans to drivers who make a living via ride-sharing mobile applications in Brazil, tailored to their needs and income.

Brazil | B2C | Digital Lending | Sharing Economy

Spoon Money is a micro-lending and savings platform designed for female, informal traders in South Africa.

South Africa | B2B | savings + credit

Cowrywise is the smartest way for Nigerians to plan, save, and invest.

Nigeria | B2C | savings + investment

Pesakit is a platform for mobile money agents in Kenya, empowering them to borrow e-float and add revenue sources, while providing a new channel for digital financial services to reach low-income populations.

Kenya | B2B | mobile money agent network

Kwara offers a secure online and mobile banking solution for SACCOs in Kenya.

Kenya | B2B | digital banking | SACCOs

Meerkat aims to improve financial health for underserved consumers in South Africa, providing debt counseling, a savings platform, and affordable life and funeral insurance.

South Africa | B2C | savings | debt counseling

Chipper Cash offers a free and an interoperable P2P transfer platform across five different countries in Africa (Uganda, Kenya, Tanzania, Rwanda, and Ghana). Customers are also able to transact across borders instantly with no fee.

Africa | Low-income households | B2C | Payments

Turaco is an insurtech company that offers health credit and health insurance tailored to the needs of low-income customers. Turaco’s mission is to free people from the fear of financial shocks. They hope to insure a billion people.

Africa | Low-income households | B2C/B2B | InsurTech

MobiLife is Africa’s first 100% ‘built for mobile’ life insurance, using the power of smartphones to bring effective insurance solutions to low-income consumers.

South Africa | Low-income households | B2C | Insurtech

Africa’s only collateralized mobile fintech lender & Uganda’s first digital lender, Asaak offers African entrepreneurs & farmers access to quick, mobile-based collateralized credits.

Uganda | Low-income farmers | B2C | Digital lending

Atikus is a SaaS company that helps financial institutions better identify, quantify, and mitigate their operational and credit risks.

Rwanda | Financial institutions | B2B | SaaS

PayGo Energy is a cookstove solution and distribution system that enables customers to access clean and efficient fuel at a low price.

Kenya | Low-income households | B2C | Payments

Flowigo provides SaaS services for inventory, customer review and other business management functions, to small African businesses by integrating with Africa’s top services and automating workflows.

Kenya | Solar distributors and lenders | B2B | SaaS

Hover makes USSD-based services more affordable to illiterate and innumerate segments by enabling end-users to interact with financial and informational services via graphical user interfaces.

Global | Mobile Money Provider | B2B | Payment

Leaf is a virtual bank serving the stateless and excluded population. It offers cross-border asset storage and transport via a mobile platform which enables the conversion of cash into virtual currency through blockchain technology.

Rwanda | Refugees | B2C | Payment

Smile Identity uses computer vision, machine learning, human review and local integrations to provide a complete KYC and user identification solution for mobile-first frontier markets.

Kenya | FSPs | B2B2C | Digital ID/KYC

Sokowatch enables informal retailers to order products at any time via SMS or mobile app, and receive free same-day delivery to their store.

Kenya | B2B | Retailers | Commerce

Worldcover offers affordable micro crop insurance for smallholder farmers in Africa, protecting them against yield loss by using satellites to monitor rainfall and effectively calculate risk.

Ghana | B2B | Smallholder Farmers | Microinsurance

Harvesting uses AI, remote sensing data and alternative data points to offer a credit score and virtual farm monitoring solution to small-scale farmers in Africa and Southeast Asia.

Africa | Asia | B2B | Smallholder Farmers | Alternative credit score

Abalobi is a mobile application suite for small-scale fisheries in South Africa, offering services from data and insights, to fleet management, to a digital marketplace inclusive of demand and pricing prediction.

South Africa | B2B | Fisheries | Payments

Diin is an online micro-savings app for low-income people in Brazil. It helps people set goals, create a savings schedule, and gives them better returns by investing on behalf of their customers.

Brazil | Low-income households | B2C | Savings

ToGarantido acts as an insurance broker that offers insurance solutions and health services through a technological platform based on Artificial Intelligence and advanced data analytics resources.

Brazil | Low-income households | B2C | Insurtech

Comunidad 4Uno is an online platform that distributes tailored financial products, such as insurance and debit cards, to low-income and financially excluded domestic workers in Mexico.

Mexico | Domestic Employers | B2B2C | Insurtech

Destacame is a digital financial management platform offering an alternative credit scoring system that gives users control over their data to build their financial capabilities and access financial products.

Chile, Mexico | Low income customer without credit scores | B2B2C | Alternative credit scoring

ESCALA offers safe, automated savings plans to increase access to higher education for low- and middle-income families. ESCALA customers also receive additional benefits, such as matching funds from their employers, savings and career advice, and discounts at designated educational institutions.

Colombia | Low and middle-income families | B2B2C | Savings

BancoMare offers affordable, secure and scalable digital financial services to low and moderate-income people living in the Favelas using blockchain technology.

Brazil | Low-income population in the Favelas | B2C | Payment

Zippi offers affordable and flexible loans to drivers who make a living via ride-sharing mobile applications in Brazil, tailored to their needs and income.

Brazil | B2C | Digital Lending | Sharing Economy

Hear from Our Founders

“Catalyst Fund was a very clever solution, at the right time, and it resulted in a huge growth spurt for our business and follow-on investment.”

Chris Sheehan

CEO, WorldCover

“Extracting insights from early data is fundamental to know you’re heading in the right direction. We were blind to our own gaps until we took a deep dive into our data with Catalyst Fund.”

Alexander Albuquerque

CEO, BancoMare

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