Afreximbank Backs Capsa Startup
Afreximbank selected Capsa (GetCapsa) for its accelerator, spotlighting a marketplace that digitizes invoice factoring and supply‑chain finance to unlock SME liquidity in as little as 48 hours. That model targets the exact onboarding and speed pain points working‑capital lenders face. (x.com)
Afreximbank picked eight finalists from a global pool of more than 1,600 applicants for its inaugural Flagship Accelerator, a three‑month programme scheduled to start in March 2026. (afreximbank.com) Finalists are eligible for equity investments of up to $250,000 through Afreximbank’s Fund for Export Development in Africa (FEDA), plus curated mentorship and industry exposure during the cohort. (afreximbank.com) Capsa Technology (GetCapsa) was named among the top eight finalists and is cited in multiple reports as a Nigeria‑origin fintech that has been scaling short‑term working‑capital transactions. (businessday.ng) Capsa disclosed year‑on‑year transaction‑volume growth exceeding 300% and said it surpassed 15 billion Naira in trades before October, according to company statements reported by Business Day. (businessday.ng) The GetCapsa product is published on both the App Store and Google Play; the Play listing shows a small but live install base (100+ downloads) and the iOS entry remains active. (play.google.com) Afreximbank framed the Accelerator as part of a strategy to help close Africa’s estimated $120 billion trade‑finance gap and explicitly targeted startups focused on cross‑border payments, trade finance and digital commerce under the AfCFTA agenda. (businessday.ng) The cohort alongside Capsa includes Daba Finance, Timon, OnePort‑365, Fluna, Gebeya, Zowasel and Fincart.io, representing fintech, logistics and trade‑enablement plays across multiple African markets. (techmoonshot.com)
