Nigerian fintech start-up Nearpays flew the nation’s flag excessive at the inaugural Gitex Africa tech convention in Marrakech, Morocco, on Friday when it was awarded the coveted Fintech and Blockchain Technology class of the Supernova Challenge.
Nearpays, a full-service monetary cost platform that acts as an end-to-end monetary service for all our purchasers, beat out stiff competitors to scoop the $10 000 prize.
Nearpays beats stiff competitors
Speaking to TechCabal after the win, Nearpays founder Victor Daniyan put into perspective what successful the competitors means to his firm and its future. “I’m super excited that it brings opportunities for start-ups in Nigeria, and we all have access to a better future. It shows that we can get to the top with the right platform,” Daniyan mentioned. “This means extra work.
The Gitex Africa Supernova Challenge is the largest pitch competitors in Africa, with a complete money prize of $100 000 for classes reminiscent of Cybersecurity, AI and Digital Cities, Health Tech, and Sustainability and Agritech.
“The competition was very tough. One thing I know for sure, especially for start up in Nigeria, is that we need a lot of mentorship to get to a productive stage. I’m sure that with the right mentorship, we can all do better,” Daniyan mentioned.
“I came with the intention to win all the way from Nigeria. I was determined; I was ready. It was a surprise, but I was also very determined to win,” Daniyan mentioned. “I took the time to understand the people hearing the pitch. I took the time to research them, what businesses they were operating in, and a little bit about their personality from their LinkedIn page. I was able to make them understand our business in a very short space of time – just going straight to the point.”
Nearpays simplifies on-line funds
Daniyan mentioned the prize will go a protracted to serving to Nearpays get its cost card system licence, which prices round $15 000.
Nearpays simplifies on-line funds based mostly on the precept that funds needs to be seamless. The firm has developed a solution to put point-of-sale transactions again into the palms of customers. The firm says, “The experience is simple, on the go, and comes with no extra bank charges for all our users.”
“I’ve been in telecommunications for about five years now. I started with Huawei and then moved to Nokia, where I helped set up the 5G space in Nigeria. My team has helped me come up with the right decisions and product. We have continuous development.”
By most accounts Gitex Africa was an awesome success, bringing start-up, founders, buyers, telecoms and IT corporations from throughout Africa and the globe collectively in Morocco to stipulate and develop the way forward for tech in Africa. Organisers welcomed over 900 massive tech corporations, authorities entities, start-ups and contributors from greater than 100 nations throughout ten halls and 45 000sqm of exhibition area in a purpose-built tremendous venue at Place Bab Jdid, Bd Al Yarmouk within the Red City of Marrakech.
Fintech prize places Abuja start-ups on the map
“It’s an awesome platform; it’s an awesome opportunity. I have not seen anything this big in a long time. I’m super excited that we have this in Africa. I’m reminded of one quote from Google that said Africa will have the next set of billions of users to appear on any tech platform in the world,” Daniyan defined. “It’s an opportunity for start-ups to connect, have mentors and show their products to the world.”
“The competition has allowed me to connect with good mentors,” Daniyan mentioned. “Of course, I’m still young, and I need mentors who have come before me, as well as give us publicity so more people get to know about our product in Abuja because most of the start-ups that are thriving are coming from Lagos, but it’s an opportunity for people to see that Abuja is also thriving in the start-up space in Nigeria as well, coming up with the best products and new technologies coming out from Nigeria and not coming from abroad. This will inspire more start-ups and show them an opportunity for start-ups in Abuja.”
…. to be continued
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