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Introduction
Introduction
UNCDF mobilizes and catalyzes an increase in capital flows for SDG impactful investments to Member States, especially Least Developed Countries, contributing to sustainable economic growth and equitable prosperity.
In partnership with UN entities and development partners, UNCDF delivers scalable, blended finance solutions to drive systemic change, pave the way for commercial finance, and contribute to the SDGs. We support market development by enabling entities to access finance in high-risk environments by deploying financial instruments, mechanisms and advisory.
The fintech ecosystem in Tanzania has developed rapidly in the last 10 years. UNCDF conducted a fintech start-up landscape study in 2020/2021. The study indicated that investment opportunities for fintech start-ups remain limited, restricting their ability to scale. The support ecosystem is fragmented, making it difficult for entrepreneurs to access structured business development services, mentorship, and investor networks. Many fintechs also struggle with regulatory and compliance barriers, particularly in establishing formal partnerships with financial institutions and mobile network operators. Additionally, low levels of digital financial literacy hinder consumer adoption and limit the market reach of fintech solutions.
To bridge these market gaps, UNCDF launched the first and second cohorts of the Pesatech Accelerator to support post-revenue fintech start-ups in Tanzania. The accelerator aims to unlock more investment to fintechs and foster the growth and scaling of fintech start-ups through a bespoke Investor-Readiness Program (IRP) and act as a marketplace between start-ups, strategic partners, and investors. Since its inception, the first two cohorts have supported a total of 22 fintechs, facilitated over 120 partnerships, and helped small businesses secure investments exceeding $10 million. For more details, please visit the Pesatech website（https://anzaentrepreneurs.co.tz/pesatechafrica/).
UNCDF is looking for an innovation hub, a service provider to implement the PesaTech Cohort 3. The selected bidder or service provider will be responsible for delivering an intensive accelerator program, organizing matchmaking sessions to facilitate corporate-fintech partnerships, providing financial and business advisory support to fintech start-ups, and managing performance-based grants and loans to help start-ups navigate compliance, product development, and business expansion.
The selected bidder will be expected to work closely with UNCDF and its stakeholders, including financial service providers, financial regulators, investors, and technology partners, to ensure a well-coordinated and impactful accelerator program. A strong understanding of the local fintech landscape, as well as experience in supporting start-ups through tailored acceleration programs, will be essential for the successful implementation of this initiative.
Objectives
The objective of this requirement is to implement PesaTech Accelerator Cohort 3, supporting post-revenue fintech start-ups in Tanzania to scale, attract investment, and form strategic partnerships. The program aims to enhance fintechs’ technical capacity, business development, and investor readiness while fostering collaboration between start-ups, financial service providers, and investors.
The key targets include increasing the number of fintechs securing investment, forming corporate partnerships, and expanding services. The accelerator will provide structured mentorship, regulatory guidance, and financial advisory support, with a strong focus on gender inclusion by prioritizing female-led fintechs. The selected service provider will ensure the program delivers high-quality training, networking opportunities, and sustainable growth strategies, strengthening Tanzania’s fintech ecosystem.
Scope of Tender
The implementation of Pesatech Accelerator Cohort 3 will require a structured approach to support post-revenue fintech start-ups in Tanzania. The selected bidder will be responsible for designing and executing an acceleration program that enhances investment readiness, fosters corporate partnerships, and provides tailored business development support. The program will primarily focus on fintech start-ups operating in Tanzania. Please see chapter on Terms of Reference (TOR) for a full description of scope.
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UNCDF Procurement
Documents :
Negotiation Document(s)
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