Britam’s innovation hub, BetaLab, has made headlines in the Kenyan startup ecosystem with the announcement of six promising fintech startups selected for its 12-week pre-incubation program. This initiative highlights Britam’s commitment to promoting innovation and driving growth within the financial services industry.

Nurturing the Next Wave of Fintech Innovators

The selected startups include:

Zereba is developing a comprehensive app that simplifies the rental process by eliminating the need for security deposits and streamlining real estate transactions.
Amsha is focused on creating innovative savings products tailored to the financial needs of young adults.
Adapo is a fintech platform that empowers small businesses and startups by facilitating equity crowdfunding.
chamaZetu is a digital tool designed to help manage informal savings groups, commonly known as chamas, in Kenya.
PesaFlex is a payment solution that aims to streamline financial transactions for small and medium-sized enterprises (SMEs) by offering secure bank-to-bank transfers.
Medicod AI is leveraging artificial intelligence to streamline healthcare administration by optimizing medical coding and billing processes for insurance companies.

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By providing these startups with access to essential resources, mentorship, and industry expertise, BetaLab aims to accelerate their growth and increase their chances of success.

“We are thrilled to partner with these exceptional entrepreneurs whose innovative solutions have the potential to transform the financial services industry and improve the lives of Kenyans,” said Evah Kimani, Director of Partnerships & Digital at Britam.

“Through our pre-incubation program, we are committed to providing the support and guidance needed to help these startups scale their businesses and achieve their full potential.”

A Collaborative Approach to Innovation

BetaLab’s partnership with Senior Talent brings seasoned business executives into the fold, offering invaluable mentorship and guidance to the selected startups. This collaborative approach ensures that the entrepreneurs have access to the expertise needed to overcome challenges and achieve their goals.

Upon completion of the pre-incubation program, the top three startups will be eligible for incubation within BetaLab, providing them with even greater opportunities for growth and development.

A Strong Foundation for Innovation

BetaLab is more than just an incubator; it’s a platform for reimagining the future of financial services. By encouraging collaboration between startups, corporations, and investors, BetaLab creates a dynamic ecosystem that drives innovation and economic growth.

The program offers a range of benefits to participating startups, including access to industry experts, mentorship, business advisory support, technology platform support, and the opportunity to pitch to investors at Demo Day.

A Commitment to Talent Development

Beyond supporting external startups, BetaLab is also dedicated to nurturing talent within Britam. The BetaLab Internship program provides students and graduates with hands-on experience and opportunities to contribute to innovative projects.

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A Proven Track Record

BetaLab has already demonstrated its ability to support startup growth through successful collaborations with AiCare and Karopay. These partnerships have resulted in the development of innovative solutions that address real-world challenges in the insurance and financial services sectors.

As BetaLab continues to expand its reach and impact, it is poised to become a leading force in driving fintech innovation in Kenya and beyond.

By investing in the next generation of entrepreneurs, Britam is not only strengthening its own business but also contributing to the growth of the broader economy.