Rise, a Nigerian dollar investment startup has been accepted into the 2020 class for the Techstars and Western Union Accelerator program.
The Techstars and Western Union accelerator is a 3-month, mentor-driven program with a focus on helping startups build and shape the future of how money moves.
The selection was announced in a tweet by Rise founder and CEO, Eleanya Eke. According to the CEO, the opportunity to be part of the 2020 cohort gives them the chance to work with world-class mentors and boost its ability to connect users to the best investments anywhere in the world.
“Being a part of the Techstars/Western Union accelerator is perfect for us because we get a chance to work with world-class mentors and leverage the experience of an established global player to really boost our ability to connect users to the best investments anywhere in the world. This gives us the platform and resources to build a world-class solution for our users.”
Eleanya Eke, Rise founder and CEO
Rise is a digital wealth manager unlocking foreign investment opportunities for Africans. The startup connects people to the best dollar-denominated investment opportunities around the world from just $10.
The Techstars and Western Union accelerator
This years edition of Techstars & Western Union Accelerator was themed ‘Access’. It focuses on how access to better financial tools and services unlocks opportunities and creates a more equitable and inclusive financial world.
Access to better financial tools and services will create a more equitable and inclusive financial system. Providing access to the global financial system is central to Western Union’s commitment to inclusive innovation: developing products and services that considers the needs of all customers no matter their financial situation or location to improve financial inclusion.
Techstars 2020 cohort
The companies selected for the 2020 class include diverse founders from around the world including Nigeria, Egypt, the Gambia and South Africa from Africa, and Hong Kong, Indonesia, India, Israel, Singapore, Spain, Philippines and the United States.
According to Techstars, the group of founders and entrepreneurs selected are tackling systemic industry obstacles and embody what it means to drive inclusive innovation towards making a lasting impact on the global financial system.
Rise was among 10 companies selected to participate in this year’s class of the Techstars and Western Union Accelerator.
Other companies selected into the 2020 cohort include AidBanc, Gig Wage, Heights Labs, Line, Logicluster, Plentina, Robbie AI, Vested Finance and Yunit. Each company will benefit from Techstar’s resources as they continue their growth over the next 13-weeks of the program.
In a blog post, Rise expressed that it was looking forward to working alongside other innovative startups solving problems facing access to finance across the world.
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