Following the first Innotribe Startup Challenge held in Africa, that saw 14 African technology startups compete for a chance to attend the global event in Singapore and a cash prize winning of US$50 000, 5 finalists have been selected.
The selected finalists are:
Intelworld: Intelworld delivers mobile applications on top of existing mobile wallets to help banks and merchants increase mobile ecommerce.
Notify: The startup provides secure messaging infrastructure to aid companies communicate with their customers via mobile instant messages.
YueDiligence: It offers actionable, light-touch due diligence tool for entrepreneurs, investors, and service providers to assess deal readiness
2Quins: The startup is an enterprise SaaS financial information tool that slashes the time and expense of meeting banks’ operational and regulatory reporting requirements.
ZAQ Finance: It helps provides debt reduction, savings, and low-cost credit products.
This stage of the challenge will be followed regional showcases in Singapore on 28 May, and New York on 18 June.
According to Hugo Smith, head of Sub-Sahara Africa at SWIFT, “There is a genuine spirit of innovation in Africa and the semi-finalists who pitched in Cape Town really shows the appetite there is in this market for new business models and harnessing technology in new ways. I’m delighted that SWIFT and Innotribe are able to offer these young African companies this platform and wish them best of luck in Singapore at Sibos. We are already excited about the next African Showcase at ARC 2016.”