AI-Powered Financial Inclusion for MSMEs
Empowering Small Businesses through AI-Driven Financial Solutions.
PRIZES TO BE WON
$5,000
Winner$3,000
1st Runner Up$1,500
2nd Runner Up(Terms & Conditions apply)
General Entry Requirements
- 1
You can only enter as a team of not less than 3 persons and no more than 5 persons.
- 2
Your mission: Conceive groundbreaking, unique solutions, ideas, and products in line with our theme “AI-Powered Financial Inclusion for MSMEs: Empowering Small Businesses through AI-Driven Financial Solutions.”
- 3
Problem Statement: Small and Medium-sized Enterprises (MSMEs) face significant hurdles that hinder their ability to scale and thrive, impeding their growth and economic contributions. Download Case Study
The Goal: Using AI, develop innovative fintech solutions that address these challenges and empower MSMEs to thrive. The ideal solution should be Inclusive, Scalable and Impactful.
- 4
Craft a compelling presentation that showcases your innovative solution, addressing the problem statement to achieve the desired goal.
- 5
Submit the link to your presentation document with your application.
- 6
Shortlisted applicants will be invited to the Payaza Hackathon 3.0.
Entry Requirements - Team
- 1
Must be a team of no more than 5 individuals consisting of at least one:
- Product Manager
- Frontend Developer
- Backend Developer
- AI/Machine Learning Engineer
Are You Ready?
This is your chance to make a difference, innovate, and win big. Get ready to bring your A-game to the Payaza Hackathon 3.0!
WE ARE SPONSORED BY 25+ COMPANIES
JUDGES
Mustapha Garba
Director, forLoop Africa
Anuoluwapo Olayinka
CEO, Ignition Travels and Tour.
Prosper Otemuyiwa
CoFounder, EdenLife
Temitope Alabi
Co-Founder & CEO, Afriex
Adekola Aderinko
CIO, Optimus Bank
Ewere Diagboya
The First AWS Community Hero in Africa
MENTORS
Evioghene Whiskey
Chief Operations Officer, Bank78
Jessie Croffie
Lead Product Manager, Tribapay
Oladele Oloruntoba
Regional Lead, Innovest Afrika
SPEAKERS
Nnaemeka Clinton
Chief Innovation Officer, Africa Startup Festival
Nnaemeka Clinton is the CEO and Founder of Spark (also known as Spark Africa), the foremost startup and talent aggregator and a global events organizer, renowned for hosting two of Africa’s top tech gatherings: the Africa Startup Festival and the Africa Technology Expo. These events attract thousands of investors, founders, and tech talents, creating significant opportunities for investments and partnerships.
He will be taking the topic: The Role of Fintechs in empowering MSME’s
Ekefre David
Chief Revenue Officer, CloudPlexo
At CloudPlexo, his team champions cloud security and cost management, harnessing his expertise in AWS Security to safeguard client operations. Educated with a Master of Science from the University of Leiden and a Bachelor’s in Information Systems from the American University of Nigeria, his foundation is solid in ICT and business processes.
David will be taking the topic: The Role of AI in Driving Financial Inclusion for MSMEs
FREQUENTLY ASKED QUESTIONS
What is the Payaza Hackathon 3.0?
The Payaza Hackathon 3.0 is a competition that challenges individuals and teams to develop innovative solutions, ideas, or products related to fintech and payments.
When is the Payaza Hackathon 3.0 taking place?
The Payaza Hackathon 3.0 is scheduled for 20th and 21st of November, 2024.
Can I sign up a team?
Yes, team participants are welcome to join.
How many members can be on a team?
A team can consist of up to 5 individuals.
What are the prizes for the Payaza Hackathon 3.0?
The prizes include: - Winner: $5,000 and a chance to grow your idea into a profitable business at the Payaza Incubation program for 10 weeks - First Runner-Up: $3,000 - Second Runner-Up: $1,500
What are the general entry requirements?
Participants must create a presentation document of their solutions, ideas, or products. Pitch or presentation document can be uploaded to a chosen platform.
Is there a theme for the solutions, ideas, or products?
The theme for the Payaza Hackathon 3.0 is “AI-Powered Financial Inclusion for MSMEs: Empowering Small Businesses through AI-Driven Financial Solutions,” and all submissions must align with this theme.
What happens after I submit my application?
Shortlisted applicants will be invited to the Payaza Hackathon 3.0.
Do I need to be an expert in fintech or payments to participate?
Expertise is beneficial and crucial to participating in the hackathon.
What are the criteria for judging the submissions?
Submissions will likely be judged based on factors such as creativity, innovation, potential impact, relevance to the theme, problem statement, and the quality of the presentation.
What is the problem statement for the hackathon?
Problem Statement: Small and Medium-sized Enterprises (MSMEs) face significant hurdles that hinder their ability to scale and thrive, impeding their growth and economic contributions. The Goal: Using AI, develop innovative fintech solutions that address these challenges and empower MSMEs to thrive. The ideal solution should be Inclusive, Scalable, and Impactful. To download the case study click here.
When I win the Payaza FinTech Hackathon 3.0, what next
Additionally to the $5,000 grand prize, the winning team has the opportunity to tap into the Payaza Incubation program for 10 weeks in order to develop their idea into a profitable business.
Build The Future With Payaza Hackathon 3.0
We are proudly supported UNIDO, and ITPO Lagos, Nigeria