Fincart Selected Among Eight African Startups to Join Afreximbank Accelerator Program

Egyptian fintech startup Fincart has been selected to participate in the Afreximbank Accelerator Program as one of eight companies chosen from a pool of 1,600 applicants across Africa.

The African Export-Import Bank (Afreximbank) announced the selection of the top eight finalists from the first cohort of its flagship startup growth accelerator program.

Empowering African Businesses

The dynamic three-month initiative, set to launch in March 2026, aims to empower high-potential African startups driving innovation in intra-African trade.

Finalists were carefully selected from more than 1,600 applications through a highly competitive process designed to highlight the continent’s most promising entrepreneurial talent. The rigorous selection process included detailed business evaluations, interviews, and pitch sessions, overseen by Afreximbank trade specialists along with leading external experts from the venture capital and innovation ecosystem.

E-commerce Focus

Fincart operates as a digital platform designed to help small and medium-sized e-commerce businesses optimize shipping operations and improve cash flow.

Commenting on the selection, Mostafa El-Masry, Co-Founder and CEO of Fincart, said: “We are proud that Fincart has been chosen as the only Egyptian company in the first cohort of Afreximbank’s flagship accelerator program, selected from more than 1,600 applicants across Africa.

At Fincart, we aim to be the primary partner for small and medium-sized e-commerce businesses, helping them grow and thrive while contributing to stronger intra-African trade. We look forward to working closely with the Afreximbank team and the other selected startups to maximize impact and drive innovation across Africa.”

Program Benefits

The accelerator program will offer finalists a comprehensive support package that includes:

- Equity investment: Equity funding, subject to selection criteria, of up to $250,000.

- Mentorship: Access to experienced experts and industry leaders to refine business strategies and accelerate market entry.

- Market access: Connections to Afreximbank’s pan-African trade ecosystem, including trade facilitation programs, regulatory pathways, and exclusive opportunities to leverage the bank’s extensive network of government stakeholders, private sector players, and multilateral partners to secure partnerships and financing.