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ARM, Ventures Platform to invest $20, 000 in fintech startups

Report says Africans make up 46% world’s registered mobile money customers; see why Fintech is growing fast in Africa

The Asset and Resource Management (ARM) and Ventures Platform have agreed to invest $20,000 in financial technology– focused startups to boost the nation’s financial sector.

The companies disclosed in a statement released by the project managers.

According to the statement, the initiative “Labs by ARM 2.0” is a FinTech-Focused Accelerator Program designed to support the best early-stage companies with a significant solution addressing major problems peculiar to the financial industry.

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ARM will help the selected startups gain market stamina by facilitating how these products can acquire more users.

Aside training and exposure to other networking opportunities, promising startups will also receive $20, 000 grants from the firms.

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Ridwan Adelaja

Ridwan Adelaja is a multimedia journalist with a special interest in business news analysis

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