Partnership with the Lhoft Foundation
The Foundation's new strategic directions, Ambitions 2025, aim, among other things, to develop new collaborations and synergies with fintech players. Spotlight on a new partnership signed between the Lhoft Foundation, a FinTech foundation in Luxembourg, and the Grameen Crédit Agricole Foundation dedicated to supporting innovation and the startup ecosystem in Africa.
Concretely:
1) The Grameen Credit Agricole Foundation supported the LHoFT Foundation by participating in the startup acceleration program, focused on financial inclusion in Africa, namely " Catapult: Inclusion Africa » which took place during the African Microfinance Week from October 16 to 20, 2023 in Lomé, Togo. 10 participants from African fintech participated in this 6e edition, the first conducted in French. The bootcamp lasted 5 days and was rich in mentoring sessions to refine strategy, improve operational efficiency, and amplify the social impact of the entrepreneurs' projects.
Philippe Guichandut, Director of Technical Assistance and Partnerships, and Khady Fall, Investment Officer for Africa, were among the mentors. They shared their expertise and knowledge on Monday, October 16, to help candidates develop their pitches and challenge them.
A pitch session took place on October 19, where each participant had 5 minutes to present their innovative solutions, followed by a 2-minute interactive question-and-answer session with a separate panel of judges.
Congratulations to the Cameroonian startup COVA AFRICA, which won the sixth edition of Catapult. Insurtech Cova Africa offers innovative digital solutions to market tailor-made insurance products in Cameroon and French-speaking Africa.
Catapult Program Closing Dinner
2) For its part, the LHoFT Foundation is committed to supporting the Grameen Credit Agricole Foundation in better understanding, integrating and connecting with innovative players in the Luxembourg financial ecosystem and facilitating new mutual collaborations to support innovations in Africa and achieve inclusion objectives.
