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Working in close collaboration with Innotribe, over one hundred judges from across the financial, technology, and investment communities evaluated 89 applications received for the second edition of the Startup Challenge in in Mauritius on May 18. The judges assessed the startups’ ability to provide an important innovation in the future of the financial industry and ultimately narrowed the selection process to this year’s 12 semi-finalists.
Four of them are African Blockchain related projects.
The winners will then have the chance to also go to Sibos , SWIFT’s annual global financial services conference in Geneva in late September. AMoney from Cameroon enables cross border payments and unifying mobile wallets using Blockchain technology. AMoney uses multi-rail technology combining four rails: the AMoney protocol, Blockchain technology, The Ripple protocol and the Stellar protocol to enable large volume of low-value cross border payments and unify mobile wallets in Africa.
BitPesa is Africa’s fastest and most affordable bitcoin trading platform out of Kenya. Users around the world can send bitcoins to BitPesa, which exchanges them to Kenyan shillings and sends them along to recipient’s mobile phone account. BitPesa charges a 3% remittance fee for the service regardless of how much money is transferred. BitPesa’s main competitor is M-Pesa – a mobile-based money network that has worked to lower transaction fees for Africans using mobile technology, but whose fees still reach a staggering 30% for registered users and up to 66% for unregistered users.
The Sun Exchange is a peer-to-peer lending platform from South Africa for investors to fund solar energy projects across the globe. The Sun Exchange is a crowd-investing platform. It connects people wanting to finance solar power to those that need solar power to lower electricity bills or access electricity for the first time. Solar panels costs money and in many places in […]
