$3k up for grabs for Nigerian fintech startups

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Applications have opened for the annual mCash Prize for Innovation in Fintech, instituted by the Nigeria Interbank Settlement System (NIBSS) to encourage a creative approach to advancing payment solutions.

The mCash Prize will provide NGN1 million (US$3,000) to each of three winners, and aims to develop an ecosystem of local innovators, software developers and students to foster continued innovation to shape financial futures.

It is open to a wide spectrum of financial inclusion startups demonstrating innovation and potential for impact, financial sustainability, and scalability for the unbanked market in Nigeria.

If selected as winners, ventures must have a founder or co-founder committed to attend an incubation and entrepreneurship development programme in the last quarter of 2018.

Interested startups should register here.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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