Wema Bank unveils 35 innovative teams competing in Hackaholics 5.0 grand finale, driving Africa’s tech growth with ₦75M in prizes at stake.

[dropcap]W[/dropcap]ema Bank, a trailblazer in Nigeria’s banking industry and creator of Africa’s first fully digital bank, ALAT, has announced the 35 top teams advancing to the grand finale pitch of Hackaholics 5.0.

The highly anticipated event, themed “Meta Idea: Catalyzing Africa’s Growth Through Innovation,” is scheduled to take place on 25th November 2024 in Lagos.

Also read: Wema Bank hosts seminar for International Fraud Awareness Week 2024

Following rigorous pre-pitch sessions across eight physical locations and one virtual hub, these standout teams have emerged as leading contenders.

Their groundbreaking ideas span sectors such as agriculture, healthcare, finance, education, sustainability, and artificial intelligence.

The finalists include:

Northino, Our Haven, Celia, Nadir, Nimsy Agro, Hebron Chain, Paystrait, DevMe, Preview, Coconoto, EduGaze, Dokia, Gbale Prime, Health 4 Moni, Digiland, Abinci, Unifi, CyclexAfrica, Airify, Kwab, Gnergy, University X, AI Teacha, Code Red, APISentry, Fegor, TrashCoin, Paywise, Pandascrow, Lexia AI, Bunce, Bloom Beauty, MyItura, Accede, and Scratop Nigeria Limited.

The finale will see these innovators pitch their cutting-edge digital technology solutions to a distinguished panel of investors, industry leaders, and mentors.

Competing for ₦75 million in prizes, the winners will share in the following awards: ₦30 million for the grand prize winner, ₦20 million for the first runner-up, ₦15 million for the second runner-up, and ₦10 million for the best women-led team.

Moruf Oseni, MD/CEO of Wema Bank, expressed the bank’s dedication to fostering innovation and youth development.

He said, “Hackaholics is a testament to Wema Bank’s commitment to nurturing creativity and empowering the next generation.

These 35 contestants reflect the innovative spirit that will drive Africa’s growth through technology and entrepreneurship. We are excited to see them rise to the Meta Idea challenge at the grand finale.”

This year’s Hackaholics competition attracted thousands of applicants nationwide, showcasing the ingenuity and determination of Nigeria’s young tech enthusiasts.

The programme is a platform for discovering talent, advancing socio-economic progress, and driving digital transformation in Africa.

Winners will also gain mentorship, networking opportunities, and resources to scale their ideas globally, reinforcing Wema Bank’s mission to champion technological advancements across the continent.

To attend the Hackaholics 5.0 grand finale and witness the future of African innovation, register here.

Source: Read more at vanguardngr.com