12 Sub-Saharan African startups have been chosen for the final Visa’s Everywhere Initiative, a global open innovation program tapping into startup communities to drive regional business objectives, curate the startup ecosystem for Visa clients and accelerate bigger and bolder ideas, enriching consumer experience.
The Visa’s Everywhere Initiative that offers participants a chance to win up to US$50,000 had 238 entries from the dynamic Sub-Saharan African countries including Kenya, Nigeria, South Africa, Uganda, and Zambia.
One winner per challenge will be selected, with each receiving Sh2.5 million ($25,000) while the overall winner will receive an additional Sh2.5 million.
“We are delighted with the response to our Visa’s Everywhere Initiative and the quality of submissions we received is an indication of the region’s rich talent pool and innovative spirit,” said Geraldine Mitchley, senior Visa director for Digital Solutions for Sub-Sahara Africa.
The final Visa’s Everywhere Initiative will wrap up on 24th July 2018 in Johannesburg, with each finalist having an opportunity to pitch their ideas to a panel of expert judges from Visa and the payments industry.
These are the 12 startups:
VoguePay – VoguePay offers a safe and secure platform to accept payment in bitcoin. You can accept one-time payments, set up subscriptions, and even receive donations.
CredPal – is a financial platform that gives people access to credit for online and offline purchases and also enables businesses to offer credit to their customers.
Loystar – helps small and medium businesses across the world become more profitable by enabling them to build customer loyalty and drive repeat sales in their business.
Growsel – Provides access to farm-loans through peer-to-peer crowdfunding for cultivation and creating market access to increase their income.
M-Changa – M-Changa is an online and mobile fundraising platform. It provides the tools to create awareness and receive funds for your fundraiser – for individuals, organizations, and businesses.
Mookh – A social e-commerce platform that allows sellers to quickly and easily set up online stores with installed payment integration.
WayaWaya – A platform that enables users to send and receive money and payments across the globe using their mobile phones and web.
LipaPlus – A business solution designed for the small and medium merchants to help them accept credit/debit card payments and also manage their sales, inventory, and finances using just their phones.
South Africa Startups
Howler – This start-up enables cashless transactions and end-to-end ticket handling for consumers and event organizers using NFC cards or wristbands.
FinChatBot – Develops chatbots to help financial service providers acquire & retain customers thanks to AI-powered conversations
Swipe2Pay – A payment solution that empowers SME’s to accept both card and mobile money as a mode of payment to ease their access to finance.
Brig Africa – IT Company registered in Zambia. Brig Africa provides specialized IT Consulting, Training and Software Development and support services in Zambia.