DFS Lab and the Stellar Development Foundation are launching a blockchain bootcamp for African startups, offering prizes up to USDC 20,000 for the most promising solutions
DFS Lab in collaboration with the Stellar Development Foundation (SDF) has launched a call for applications for a blockchain bootcamp, which is intended to give young to medium-sized start-ups in Africa the opportunity to build on Stellar, an open source blockchain network for financial services and products.
The Bootcamp is a three-day virtual design sprint that enables participating companies to answer critical business questions with hands-on technical support and guidance from DFS Lab and SDF. Companies define a problem, create a storyboard for a solution, and develop a quick prototype of their innovation. This is an exciting opportunity to support the blockchain-oriented ideas of African developers and startups, equip them with practical tools and training, and provide support in developing viable solutions that meet local needs.
The most promising solutions are awarded prizes ranging from USDC 5,000 to USDC 20,000. There will be opportunities for follow-up funding for additional grants, including possible investments SDFDF corporate funds and other investors who will be present on the demo day. Interested fintech companies, blockchain-native companies and crypto-curious companies that operate in Africa and want to improve existing services or embed digital asset solutions in their models for the first time are all encouraged to register by April 20 Here. The boot camp will take place from September 28th to 30th and the virtual demo day will take place on October 1st.
“We’re excited to see what role blockchain can play in the future of digital commerce in Africa, from cross-border payments to financial inclusion, and we’re excited to give startups this opportunity to see where the Stellar blockchain Network can benefit them. “Said Jake Kendall, partner at DFS Lab.
Workable use cases that could be explored include cross-border payments, access to financial services, or payment processing. Companies could also explore new models in asset management, compliance, NFTs, gaming, charitable giving, trade finance, liquidity, and more.
“We are delighted to be working with DFS Lab to support early stage startups in building the future of digital commerce in Africa. It is part of SDF’s efforts to improve access to finance and inclusion specifically with solutions based on local needs and expertise. It is an honor to be a resource for bootcamp companies building on Stellar. We can’t wait to see how they innovate, ”said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation.
Stellar-based solutions are already being used by companies, including Franklin Templeton, Samsung, Leaf global fintech, Air tm and Tribal. The speed and size of the stellar Network will open up new possibilities for bootcamp participants and their end users to transfer values quickly and easily, no matter where in the world they are. Stellar’s presence is growing across Africa, particularly in East and South Africa. Companies shaping the future of digital finance across the continent are encouraged to apply.
to register Here Wiza Jalakasi of. to join Chipper Cash, Tori samples from Leaf global fintech, Rick Groothuizen or ClickPesa, Joseph Benson from DFS laboratory and Justin Rice of SDF on July 28th at 1pm UTC as they talk about the best ways to accelerate fintech startups in Africa and share more about the upcoming Blockchain Bootcamp.
About DFS Lab
DFS Lab is an early stage investor who helps founders build solid foundations and brings the world’s smartest capital city together with Africa’s most promising founders leads the next generation of digital commerce in Africa. DFS Lab brings both global and local mentoring to its flagship accelerator program, and its portfolio companies have raised capital from companies such as Accel, Anthemis, 500 Startups, Y Combinator, Flourish Ventures, NYCA and Accion Venture Labs.
Stellar is a decentralized, fast, scalable and sustainable blockchain network for financial products and services. It is both a cross-currency transaction system and a digital asset issuing platform designed to connect the world’s financial infrastructure. Financial institutions and fintechs worldwide issue assets and process payments through the Stellar network, which has grown to over 5 million accounts. Visit stellar.org for more information.
Via the Stellar Development Foundation
The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open source network that connects the world’s financial infrastructure. Established in 2014, the Foundation helps maintain Stellar’s code base, supports the developer, fintech, and business communities in building the network, and serves as the industry’s independent voice to regulators and institutions. The foundation aims to create equitable access to the global financial system by using the Stellar network to unlock the world’s economic potential through blockchain technology. More information is available at stellar.org/foundation.
Head of Communication in the DFS Lab