Mookh, a social e-commerce platform that allows sellers to quickly and easily set up online stores has just won the just concluded Visa Everywhere Initiative that was recently held in Johannesburg, South Africa.
The Kenyan startup beat 11 other contestants to secure US$50,000; US$25,000 in the “Leveraging Social Media for Ease of Digital Payment” category and an additional US$25,000 for the overall prize.
“I’m excited about the $50 000, but even more so about what partnering with Visa can enable Mookh Africa to do,” said Eric Thimba, the CEO, and founder.
Nigeria startups Credpal, a financial platform that gives people access to credit for online and offline purchases and also enables businesses to offer credit to their customers and Growsel, a peer-to-peer crowdfunding platform for smallholders farmers also both secured US$25,000 in “Merchant Payments” and “Driving Financial Inclusion” categories respectively.
“We have had the privilege of working with some of the best minds in the region over the last few months and the selected three category winners have the potential to truly change the way people pay in the region,” said Geraldine Mitchley, Senior Director – Digital Solutions, sub-Sahara Africa at Visa.
Visa’s Everywhere Initiative is 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 and takes place in Europe, Latin America and the Carribean, Middle East and Australia.
This year’s edition had 12 Sub-Saharan African startups chosen for the final from 238 entries across Sub-Saharan African countries including Kenya, Nigeria, South Africa, Uganda, and Zambia.
The winners will have a chance to receive further investment and mentoring support to develop their product.
Since 2015, the initiative has awarded over US$2 billion and provided mentorship to more than 130 finalists across the Globe.