Safaricom Spark Accelerator Program 2024 for young Kenyan startups

Applications are open for the 2024 Spark Accelerator Program. Submissions are now open for the Spark Accelerator, a platform that helps brave and innovative startups create and expand their businesses. The goal is to provide entrepreneurs with the necessary resources to flourish, with a focus on impacting lives. The program is scheduled to begin in March 2024 and run for 14 weeks. The program timeframe will be shared with chosen startups during the onboarding process.

Requirements: 

Startups that fit the below criteria are highly encouraged to apply.

  • Geographic Location: Starting with Kenya
  • Strategic Fit: Startups Building Solutions in Highlighted Focus Areas
  • Team: Multi-skilled team with requisite expertise in the sector
  • Equity: Ready to Accept Equity Participation
  • Product: Have an Existing Product and Post-revenue
  • Stage: Pre-Series A Startups.

Sector Focus

Startups in these focus sectors qualify to apply for the Spark Accelerator.

  • Embedded Financial Services:
    • Insure Tech
    • Fintech as a Service – (enabling other businesses to offer financial services)
    • Agency as a Service – Enabling agents to sell digital products
  • SME Productivity Tools:
    • E-commerce enablement
    • POS and acceptance solutions
    • Merchant loyalty and rewards
    • Inventory and sales efficiency
    • Working capital management
  • Fintech powered by AI:
    • Wealth management
    • Fraud management
    • Reg-tech
    • Scoring
  • Content:
    • Local gaming content
    • Long and short-form video content
    • Mobile advertisement Definition
  • Others:
    • Personal financial management
    • Carbon Finance

Benefits of Spark Accelerator

  • Access to Product and Technology Support
    • Access to Daraja and M-PESA Open APIs
    • AWS Activate credits up to $25K
    • Technical advisory & mentorship
    • Business development support
  • Access to Market
    • Go to Market Support
    • Access to Safaricom and M-PESA Customer Base of over 30 Million Customers
    • Access to Safaricom Partner Network
    • Networking and Events
  • Access to Capital
    • Investor Readiness
    • Access to Funding from Safaricom and Leading Venture Capital Funds

For More Information:

Visit the Official Webpage of the Safaricom Spark Accelerator Program