{"id":155253,"date":"2020-01-24T01:53:27","date_gmt":"2020-01-23T23:53:27","guid":{"rendered":"http:\/\/www.myza.co.za\/meerkat-proud-participant-in-catalyst-funds-latest-cohort-of-inclusive-fintech-startups\/"},"modified":"2020-01-24T01:53:27","modified_gmt":"2020-01-23T23:53:27","slug":"meerkat-proud-participant-in-catalyst-funds-latest-cohort-of-inclusive-fintech-startups","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/meerkat-proud-participant-in-catalyst-funds-latest-cohort-of-inclusive-fintech-startups\/","title":{"rendered":"Meerkat, proud participant in Catalyst Fund\u2019s latest cohort of inclusive fintech startups."},"content":{"rendered":"

Meerkat, proud participant in Catalyst Fund\u2019s latest cohort of inclusive fintech startups.<\/a>: <\/p>\n

\"\"
Meerkat Founder & Managing Director, David O’Brien at the Catalyst Fund Launch Event<\/figcaption><\/figure>\n

CAPE TOWN, 22nd Jan 2020:\u00a0Meerkat is proud to announce they are a participant in the latest Catalyst Fund cohort aimed at advancing financial inclusion in emerging markets.<\/p>\n

Catalyst Fund, managed by BFA Global is a global inclusive fintech accelerator supported by J.P Morgan, UK aid and Rockefeller Philanthropy Advisors. The Fund recently announced a new $ 15million (USD) commitment from UK aid and J.P. Morgan to advance financial inclusion in emerging markets.<\/p>\n

\u201cWe\u2019re thrilled to enter the next phase of this journey, building on lessons learned over the last four years, to position ourselves as the best partners for innovators building affordable accessible and appropriate solutions designed to improve the financial health of underserved populations in emerging markets,\u201d said Catalyst Fund Director Maelis Carraro. \u201cThe additional support from UK aid and continued support from J.P Morgan will enable us to deepen our local footprints and ecosystem development role in each of our key markets, as well as welcome new partners that can support our mission.\u201d<\/p>\n

Meerkat will receive mentorship from the Fund and global tech consulting firm BFA and will go through a 6-month accelerator program to launch their innovative low-cost savings product to the South African market.<\/p>\n

David O\u2019Brien, Managing Director & Founder of Meerkat says \u201cWe are excited to be part of the latest Catalyst Fund cohort. When we opened our doors in 2016, we had the vision to help consumers do more with their money. The launch of our simple savings product is another step on the journey to assist the South African mass market reduce their reliance on debt and improve their financial health.<\/p>\n

We use digital technology to reduce the cost to service the customer and then explicitly share the value that is created. This enables us to offer value for money to the consumer while profitable accessing mass market segments. \u201c<\/p>\n

Being part of this cohort creates many opportunities for Meerkat. In addition to the funding, Meerkat will share learnings with the local and international cohort members and the Fund\u2019s impact investor networks and investor advisory committee that includes Quona Capital, Flourish and Accion Ventures.<\/p>\n

 <\/p>\n

CLICK HERE to submit your press release to MyPR.co.za.<\/p>\n

Source:<\/strong> MyPR<\/a><\/small>
\n<\/p>\n

Submit your own Press Release<\/a> or get free content for your publication.<\/p>\n

Video – How to post your Press Release on MyPR:<\/strong>
\n