Renew Capital has launched a brand new initiative, Renew Enterprise Lab: The EmFi Sequence, geared toward supporting African know-how founders constructing embedded finance options, the corporate stated on Thursday.
The programme was unveiled at GITEX Africa 2026 in Marrakech throughout an investor occasion hosted alongside AfricaNext BPI. Functions opened on April 9 and can run via April 30, with founders capable of apply on-line.
The EmFi Sequence targets startups creating monetary merchandise that combine immediately into non-financial platforms, a mannequin seen as key to increasing credit score entry throughout the continent.
Africa’s small and medium-sized enterprises (SMEs), which account for roughly 90% of personal sector companies, face a major financing hole. The continent represents an estimated $330 billion untapped credit score alternative, but fewer than 20% of SMEs in sub-Saharan Africa can entry loans from conventional monetary establishments.
Renew Capital stated advances in synthetic intelligence and knowledge analytics are enabling startups to leverage buyer knowledge to evaluate creditworthiness, positioning them to supply lending options the place banks have struggled.
“Africa’s most essential monetary story shouldn’t be being written by banks,” stated Matthew Davis, co-CEO of Renew Capital. “It’s being written by tech founders who perceive their small enterprise clients higher than conventional lenders.”
The agency added that the programme will assist chosen startups in constructing or refining credit score merchandise, with the potential for funding in top-performing firms.
Renew Capital is an Africa-focused funding agency backing early-stage startups throughout the continent.
