In April 2019, the OVO Acceleration Fund was launched. A year and a half later, we proudly present the African start-ups that were able to start up and grow thanks to the fund.
The OVO Acceleration Fund provides affordable, tailor-made loans to African start-ups whose projects have an impact qua sustainability. These entrepreneurs also receive coaching and guidance from our volunteers. OVO selects the projects through its SusTech4Africa competition.
Since the start, the OVO Acceleration Fund has received 165,000 euros from donations. Of these, we have already disbursed 47,000 euros in loans to 5 African companies. These start-ups have a direct impact on at least 650 families, 95% of which are women and young people. This impact covers training, employment and financial inclusion.