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9 companies selected for DFS Lab's Africa Blockchain Bootcamp in partnership with Stellar Development Foundation

Over the years, we’ve seen the boom of blockchain and crypto activities across the African continent. Beyond trading, use cases motivated by solving real-world problems are becoming mainstream. There’s been a flurry of blockchain-based solutions related to remittances, cross-border payments, financial inclusion, and decentralized finance. This is why we at DFS Lab are excited to be hosting our inaugural Blockchain Bootcamp with support from the Stellar Development Foundation.

The virtual bootcamp is designed to give early- to mid-stage startups in Africa an opportunity to build on Stellar, an open-source blockchain network for financial services and products, over a three day period. The most promising solutions built on Stellar will be awarded prizes to further pursue their vision. The event will culminate in a demo day where the startups will pitch the solutions they developed to investors, with an opportunity to raise additional funds from the investors, as well as SDF. 

Out of the hundreds of great applications we received, we are excited to invite a group of nine innovative companies to our bootcamp between September 28 to 30. We hope that by having the opportunity to build on Stellar and work closely with the SDF team, these companies will be able to launch innovative products that can be used by millions of users across the continent in their daily lives.

As we look to continue to fund early stage companies in the digital commerce space at DFS Lab, we see this as an opportunity to get more startups and the ecosystem as a whole interested in solving a broader range of problems using blockchain technology.

Meet the nine companies selected for DFS Lab’s Blockchain Bootcamp in collaboration with Stellar Development Foundation (SDF)

Fonbnk is a new decentralized and distributed finance company that is providing a frictionless and transparent onboarding of the under-represented in developing economies into the digital age....

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