The winners of the 2016 Innotribe Startup Challenge were announced yesterday in Mauritius. The winners were South Africa’s Hello Paisa, a low cost international money transfer solution and The Sun Exchange, which deals with crowd lending for solar energy and Cameroon’s WeCashUp, that deals with mobile money transfer across Africa.
The three each received a 10,000 USD cash prize. They also received invitations to attend Sibos, SWIFT’s annual global financial services conference that will take place in Geneva from the 26th to the 29th of September, techmoran reports. Sido Bestani, SWIFT’s Head of Middle East, Turkey and Africa said:
“This year’s Innotribe Startup Challenge highlights the exciting developments across African FinTech and the range of different business sectors represented shows that innovation is not just focused in one area.”
Fabian Vandenreydt who is the Global Head of Securities Markets, Innotribe and the Swift Institute at SWIFT said:
“Our partnership with the SWIFT African Regional Conference over the last two years has highlighted how much SWIFT’s member institutions are keen to understand the FinTech innovation that is happening in their own communities and the importance for local startups to benefit from in-depth industry feedback and gain exposure at a global stage.”
Launched in 2011, Innotribe Startup Challenge’s mission is to bring visibility to activities at the edges of our ecosystem, highlighting the importance of these new emerging companies called startups and their revolutionary way to think and work.