Africa Fintech Network (AFN) and Cedar-IBSi FinTech Lab have officially sealed a landmark Memorandum of Understanding (MoU), solidifying their partnership to nurture and fortify the burgeoning FinTech landscape bridging Africa and India.
Empowering Collaboration: AFN Members Gain Access to Cedar-IBSi’s Expertise
At the core of this strategic collaboration lies a commitment to mutual support, aimed at empowering FinTech companies and igniting innovation within the sector. The MoU outlines that AFN members will gain selective access to Cedar-IBSi FinTech Lab’s cutting-edge services and platforms. Moreover, they will have the unique opportunity to tap into the wealth of experience possessed by Cedar-IBSi’s internal FinTech specialists and consultants, whose combined expertise spans over 500 years. Additionally, AFN businesses will be granted exclusive access to pitch their innovative ideas to Cedar Capital, an early-stage venture capital fund specialising in FinTech initiatives.
Sahil Anand, Managing Partner at Cedar Capital & Cedar-IBSi FinTech Lab, expressed unwavering optimism about the collaboration, emphasising the rapid evolution of Africa’s FinTech ecosystem. Anand views this partnership as a catalyst for mutual growth, with African FinTechs poised to leverage Cedar-IBSi’s extensive expertise to expand their global footprint, particularly in the realm of business-to-business (B2B) solutions.
Read also: AFN announces new board for 2023 – 2026 term
Leveraging Networks for Collective Advancement
In a clear demonstration of reciprocal support, Cedar-IBSi FinTech Lab members will gain privileged access to banks, financial institutions, and ecosystems across the Africa Fintech Network. AFN, in turn, will facilitate access to its robust infrastructure and introduce Cedar-IBSi to promising businesses operating within its network.
Africa Fintech Network (AFN) is brimming with excitement about the collaborative potential with Cedar-IBSi FinTech Lab. Through this strategic partnership, AFN seeks to foster direct collaboration between the FinTech ecosystems of Africa and the Middle East and North Africa (MENA), unlocking untapped opportunities and synergies.
About Cedar-IBSi FinTech Lab: Cultivating Global Innovation
Founded in 2018, Cedar-IBSi’s FinTech Lab has served as a launchpad for international FinTechs seeking to penetrate the vibrant markets of India and the MENA region. Combining the collective expertise of Forbes-listed global management consulting firm Cedar and global FinTech market intelligence firm IBS Intelligence, the FinTech Lab has cultivated a dynamic global community of banking and financial technology enthusiasts.
About Africa Fintech Network: Driving Continental Collaboration
Africa Fintech Network (AFN) stands as a beacon of collaboration, bringing together African FinTech leaders, organisations, and stakeholders to foster innovation and cooperation. Through strategic engagement with regulators and advocacy efforts, AFN endeavours to consolidate FinTech initiatives across Africa, championing cross-border policies and regulatory frameworks to facilitate seamless transnational collaboration and market access.
As AFN and Cedar-IBSi FinTech Lab embark on this transformative journey together, they are poised to drive innovation, empower startups, and unlock new avenues of growth at the vibrant intersection of Africa and India’s dynamic FinTech ecosystems.