This archive report was first published on 17 October 2019.
On October 17, 2019, the mayor of London, Peter Estlin, announced £10 million (approximately KSh1.3 billion) in UK Aid support for the Catalyst Fund.
The Catalyst Fund is a fund manager that provides financing to fintech startups in emerging economies, enabling them to access early-stage capital, partnerships, and talent.
According to Jane Marriot, the British High Commissioner to Kenya, fintechs play a crucial role in creating growth, jobs, and promoting economic growth in emerging markets.
As part of the support, five fintechs from the Catalyst Fund will be selected to attend the UK Fintech Week in 2020.
