Nigerian start-up Nearpays wins coveted fintech prize at Gitex Africa

Nigerian fintech start-up Nearpays flew the nation’s flag excessive on the inaugural Gitex Africa tech convention in Marrakech, Morocco, on Friday when it was awarded the coveted Fintech and Blockchain Know-how class of the Supernova Problem.

Nearpays, a full-service monetary cost platform that acts as an end-to-end monetary service for all our purchasers, beat out stiff competitors to scoop the $10 000 prize.

Nearpays beats stiff competitors

Chatting with TechCabal after the win, Nearpays founder Victor Daniyan put into perspective what profitable the competitors means to his firm and its future. “I’m tremendous excited that it brings alternatives for start-ups in Nigeria, and all of us have entry to a greater future. It reveals that we will get to the highest with the correct platform,” Daniyan stated. “This implies extra work.

The Gitex Africa Supernova Problem is the most important pitch competitors in Africa, with a complete money prize of $100 000 for classes similar to Cybersecurity, AI and Digital Cities, Well being Tech, and Sustainability and Agritech.

“The competitors was very powerful. One factor I do know for certain, particularly for begin up in Nigeria, is that we want plenty of mentorship to get to a productive stage. I’m certain that with the correct mentorship, we will all do higher,” Daniyan stated. 

“I got here with the intention to win all the best way from Nigeria. I used to be decided; I used to be prepared. It was a shock, however I used to be additionally very decided to win,” Daniyan stated. “I took the time to grasp the individuals listening to the pitch. I took the time to analysis them, what companies they had been working in, and a little bit bit about their persona from their LinkedIn web page. I used to be capable of make them perceive our enterprise in a really quick house of time – simply going straight to the purpose.”

Nearpays simplifies on-line funds

Daniyan stated the prize will go a protracted to serving to Nearpays get its cost card system licence, which prices round $15 000.

Nearpays simplifies on-line funds based mostly on the precept that funds must be seamless. The corporate has developed a approach to put point-of-sale transactions again into the fingers of customers. The corporate says, “The expertise is easy, on the go, and comes with no additional financial institution prices for all our customers.”

“I’ve been in telecommunications for about 5 years now. I began with Huawei after which moved to Nokia, the place I helped arrange the 5G house in Nigeria. My staff has helped me provide you with the correct choices and product. Now we have steady improvement.”

By most accounts Gitex Africa was an amazing success, bringing start-up, founders, traders, telecoms and IT corporations from throughout Africa and the globe collectively in Morocco to stipulate and develop the way forward for tech in Africa. Organisers welcomed over 900 large tech corporations, authorities entities, start-ups and individuals from greater than 100 nations throughout ten halls and 45 000sqm of exhibition house in a purpose-built tremendous venue at Place Bab Jdid, Bd Al Yarmouk within the Crimson Metropolis of Marrakech. 

Fintech prize places Abuja start-ups on the map

“It’s an superior platform; it’s an superior alternative. I’ve not seen something this large in a very long time. I’m tremendous excited that we’ve this in Africa. I’m reminded of 1 quote from Google that stated Africa could have the subsequent set of billions of customers to seem on any tech platform on this planet,” Daniyan defined. “It’s a possibility for start-ups to attach, have mentors and present their merchandise to the world.”

“The competitors has allowed me to attach with good mentors,” Daniyan stated. “After all, I’m nonetheless younger, and I would like mentors who’ve come earlier than me, in addition to give us publicity so extra individuals get to learn about our product in Abuja as a result of many of the start-ups which might be thriving are coming from Lagos, however it’s a possibility for individuals to see that Abuja can also be thriving within the start-up house in Nigeria as effectively, arising with the perfect merchandise and new applied sciences popping out from Nigeria and never coming from overseas. It will encourage extra start-ups and present them a possibility for start-ups in Abuja.”