Tekedia Capital is a member of Amazon AWS Partner. We offer AWS credits up to $25k and soon $100k to startups we invest in. Amazon just opened a fintech accelerator; please search. AWS makes visions a reality. We are proud of the support and partnership Tekedia Capital has had with Amazon for many years now. We have dedicated Amazon engineers, business analysts, etc. to support Tekedia Capital portfolio companies. Amazon expands on these goodies in this new program below.
Amazon Web Services (AWS)The cloud computing division of the world’s largest e-commerce retailer, Amazon, continues to strengthen its footprint in Africa with a call for early-stage startups to join its first edition of AWS FinTech Africa Accelerator.
This program is hosted by AWS’s globally recognized Startup Loft Accelerator, but unlike other cohorts, this edition will focus on fintech and fintech-adjacent startups operating in Africa. In 2022, fintech startups in Africa raised over $2B USD in venture funding, maintaining Africa’s fintech industry as the top recipient of venture funding on the continent in recent years (according to Briter Bridges).
The US cloud service provider (CSP) has had a long history of operations in Africa with its first office on the continent opening in 2004 when it opened a development center in South Africa. Since then, AWS has opened more offices and data centers as the company aims to be the dominant cloud service provider in Africa.
- Join Tekedia Capital Syndicate which begins April 8, 2023, and owns a piece of Africa’s finest startups. Learn more about this one side.
- Tekedia Mini-MBA (June 5 – September 2, 2023) opens NEW registrations; beat early birds for discounts by signing up here.
The company announced its Africa region back in 2018 and started operations two years later in 2020. The AWS Africa region is headquartered in Cape Town. AWS Regions operate through a series of Availability Zones, with a center located in each zone and geographically separated enough that a problem at one center will not impact the AWS system or its clients. The Africa region is currently served by three AWS data centers, two of which are in South Africa and the third is in Nairobi, Kenya.
AWS has plans to further develop across Africa to best serve the needs of the continent’s rapidly growing industrial and data storage needs.
The AWS FinTech Africa Accelerator is an equity-free program designed to work directly with CEOs and CTOs to provide them with a wide range of resources, including strategy, technical team management, product development, and helping founders prepare to navigate the complexities of fundraising .
Participating startups will join AWS’s Activate program which will provide founders with up to $25K USD in Activate Credits, in addition to a host of other services. Founders will also participate in a series of industry expert-led workshops and one-on-one sessions designed to address the specific challenges and opportunities each startup faces.
Applications open from now until 27 April 2023. All pre-seed and seed stage fintech startups operating in Africa are are encouraged to apply.
