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The Everywhere initiative of Visa concluded yesterday in Johannesburg, South Africa. Nigerian startups CredPal and Growsel and Kenya Mookh Africa resisted competition from the other nine competitors to come out victorious
The Sub-Saharan edition of the Visa Everywhere initiative has challenged start-ups local fintech to propose solutions based on three real challenges. :
CredPal won the "Merchant Payments" Challenge and $ 25,000 for its solution allowing individuals and businesses to pay for phased purchases between online and offline merchants by giving them instant access to credit at checkout .
Growsel, the other Nigerian-winning start-up, won the "Financial Inclusion" challenge, developing a solution that connects underfunded small-scale farmers with investors via the Peer-to-mobile phone. Peer (P2P) and sales in the market. which gives them access to the best agricultural practices.
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This edition of Visa Everywhere Initiative is the first time that startups have been entrusted with a specific challenge to financial inclusion since its launch in 2015. Growsel received $ 25,000 for winning this category.
The Kenyan startup, Mookh Africa won both the "Social Business Payments" challenge and the overall prize for his idea, winning $ 50,000 and the opportunity to work with Visa to further develop the concept.
Visa Everywhere Initiative is a global program of innovation start-ups to address the challenges of tomorrow's commerce, improve their own product proposals and provide visionary solutions for Visa's broad network of partners.
Voguepay and Loystars were the other Nigerian representative to the challenge of sub-Saharan publishing. Nigerian startups raised a total of [US $ 73.6 million] . Download our report to learn more.
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Lead Venture Analyst at Techpoint.ng. Desiring to tell stories of startups that offer Nigerians the creative solutions needed for relationship problems. Get in touch.
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