For the second year in a row, the LHoFT has run its CATAPULT program to offer to selected startups a 1-week training and networking bootcamp, hosted in Luxembourg, and which has ended up with an award ceremony last Friday.

This year, the programme was dedicated to finance inclusion in Africa and this was a great opportunity to discover more about the continent, its entrepreneurs’ ambitions and technologies put in place to make the continent evolve in terms of finance and technology.

 

Promising African Fintech companies involved

After a week of training, 11 startups took the stage on Friday to present their services and products, among them:

• AKABOXI LIMITED – UGANDA: Akaboxi provides rural communities with a more secure way of keeping smallholder farmers' savings managed and monitored by the use of a digital and inclusive system, replacing the rudimentary way of keeping money in boxes and in people’s homes.

• AKIBA DIGITAL- SOUTH AFRICA: Akiba is a mobile savings app that helps tech savvy millennials save using alternative and behavioural data. The gamified savings experience makes it fun and rewarding, with an AI bot that's there to educate, nudge and provide insights to our savers to ensure they realise their goals.

• BITVALLEY – LUXEMBOURG: Luxembourg Fintech award’s winner for Financial Inclusion, IBISA is a risk-sharing microinsurance alternative targeting small farmers worldwide. IBISA is based on a peer-to-peer architecture supported by blockchain and Earth Observation technology.

• FOUR ONE FINANCIAL SERVICES LIMITED - UGANDA: Four One Financial Services Limited’s offerings include the first micro-pension scheme, followed by building the Mayicard Platform which makes access to healthcare insurance and/or prepayments and access to assets like land and housing possible.

• INCLUSIVITY SOLUTIONS - SOUTH AFRICA: Inclusivity Solutions designs, builds and operates digital insurance solutions for emerging markets with the aim of protecting and enhancing the quality of life of vulnerable people. It provides complete solutions to introduce and grow sustainable inclusive insurance markets.

• KOOSMIK CORP – LUXEMBOURG: Koosmik provides a mobile banking application to the young or more generally unbanked population in Western Africa. Users get a free mobile wallet as a hub of services: cash deposit and withdrawal points, bills payment, mobile payment, social credit, insurance or remittance.

• MATONTINE SENEGAL – SENEGAL: MaTontine provides access to small loans and a range of financial services like micro-insurance for the financially excluded in Francophone Africa. Trying to solve the large and complex problem of how to lend small amounts profitably and at scale to the millions of financially responsible Africans.

• NALA – TANZANIA: NALA is a mobile money application offering a single, unified wallet for transactions that functions without a data connection over 2G signal and providing users with an accurate breakdown of their spending habits.

• OKO – ISRAEL: OKO creates and distributes affordable crop insurance products for smallholder farmers in emerging markets. They use satellite imagery and localised weather information to automatically compensate the insured farmers when they identify that they have been affected by a loss of production.

• OVAMBA SOLUTIONS - UNITED STATES: Ovamba provides short-term capital to micro, small and medium sized businesses in Africa, emerging markets and the GCC for trade, inventory purchases and growth. The capital is provided by International investors from the US, U.K. and Japan.

• VOUCH DIGITAL LIMITED – UGANDA: Vouch Digital builds an online verified digital supply chain platform that among other things helps simplify the distribution of cash in form of digital vouchers meant for purchasing goods or services such as hermetic storage, seeds, fertilizers, medical equipment, oil and gas among others.

Four One Financial Services recognised as one of the best Catapulters of the week

Founder of Four One Financial Services, Livingstone Mukasa, has been rewarded, last Friday by a prestigious Jury, for its services MAYICARD and Mazima. "When you realize that your failure might mean someone living in poverty, perhaps for the rest of their lives, you have no choice but to succeed," added Livingstone Mukasa.

Thanks to this pitch session, Livingstone Mukasa won €5,000, a ticket to Slush and an entry to the week of the African Microfinance (SAM).

 

The jury was composed of representatives from The Ministry of Foreign and European Affairs of Luxembourg, PwC, ADA-Microfinance, KAP and LHoFT.

 

Discover more about the winner in an interview by the LHoFT : https://www.lhoft.com/en/insights/the-catapulters-a-conversation-with-livingstone-mukasa-founder-of-four-one-financial-services

 

Charlotte Boutelier


Publié le 12 novembre 2018