In the spotlight for the week are these startup companies that have done well to raise funds to scale, won big at a hackathon and have been selected for a prestigious and supportive program for late-stage startup companies.
Lidya Raises $1.25 million
This growing fintech company which focuses on providing loans to underserved Small and Medium Enterprise (SME) owners has raised $1.25 million US dollars to increase capital access for its customers.
For a startup launched in November of 2016, this is quite impressive. In the time frame between going live and now, Lidya has had about 20,000 customers signup on their platform to gain access to the various services they offer.
With a vision to digitize and streamline the access to credit for business owners and a year’s target of NGN1.5 million Naira loan provision, Lidya is well on track.Check this out for more details.
VoiceIt wins NGN1.5 million at Re:Code Nigeria’s Hackathon
The Voice Banking App, VoiceIt, has won the 2017 Re:Code Nigeria Hackathon and will take home NGN1.5 million and a full year access to Microsoft Azure and the IBM Platform.
This hackathon is organized by the Africa Fintech Foundry, who, in partneship with Flutterwave, IBM, iDea, Access Bank and Microsoft (among others) aims to bring talented software engineers, thinkers, doers and others to proffer solutions to some of the most challenging problems in financial services.
VoiceIt’s victory gives her access to the kind of mentorship and training that will make the app seamlessly carry out its voice banking functions. Details about Paysense’s bot (‘Victor’) and the financial management tool ‘Fissit’ and their respective performance in the hackathon can be viewed here.
NetPlusDotCom is Selected for MasterCard’s Start Path Global Program
NetPlusDotCom (Nigeria), a financial technology company and payments solution provider has been selected for the spring edition of Start Path Global Program; MasterCard’s acceleration program that supports innovative late-stage startup companies who have raised significant seed.
Over a 100 companies have directly benefited from this program that has, in the time between official launch and now, garnered interest from over 5000 startup companies. For this edition, which will span six months, Nigeria’s NetPlusDotCom and four other companies will design digital futures of Matercard’s solutions.
With a mission to provide value-added solutions to the emerging markets in e-business, NetPlusDotCom has created several solutions including WebMall and EasyPOS. You can view her portfolio here and have an overview of just how much and well she cuts across the financial markets.
Read this for Amy Neale’s (VP Mastercard Start Path) thoughts and more on the program.