Kenyans miss out on Virtual Hackathon prize

A Cameroon fin-tech company has been announced as the 2020 Africa Virtual Hackathon.

The top three winners were selected after a rigorous evaluation process that saw 15 shortlisted finalists pitch their solutions to an experienced panel of judges on the Demo Day on August 31, 2020.

The theme of the Hackathon was “Harnessing Fintech in addressing COVID19 effects on healthcare, digital payments and economic recovery.” The three winners are:

1 SME Credit Pro – Cameroon

2 Miza A2F Platform – United Arab Emirates/Tunisia

3 MobiCash – Libya

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The overall winner of the Hackathon, SME Credit Pro from Cameroon will participate in the Global Fintech Hackcelerator at the Singapore Fintech Festival (SFF) scheduled for December 2020.

The SFF, the world’s largest fintech event, is convened by the Monetary Authority of Singapore (MAS). The 15 finalists will benefit from training, mentorship and collaboration opportunities from some of the Hackathon’s partners.

The Hackathon witnessed an impressive array of innovative solutions in Healthcare, Digital Payments, Economic Recovery and General categories.

The solutions presented targeted the health and economic dimensions of the pandemic.

This included financing of Micro, Small and Medium Enterprises (MSMEs), cash transfers to vulnerable groups, enhancing agriculture value chains and COVID-19 contact-tracing.

CBK will continue to work with MAS, fintechs, the financial sector and other stakeholders to support innovation in the battle against COVID-19 and implementation of SDGs.