September 29, 2023

FDI Forum

Earn the right Invest

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

Nigerian fintech start out-up Nearpays flew the country’s flag significant at the inaugural Gitex Africa tech convention in Marrakech, Morocco, on Friday when it was awarded the coveted Fintech and Blockchain Technological innovation group of the Supernova Problem.

Nearpays, a full-company economic payment platform that acts as an conclude-to-conclude monetary assistance for all our clientele, defeat out stiff competitors to scoop the $10 000 prize.

Nearpays beats stiff competitiveness

Speaking to TechCabal following the earn, Nearpays founder Victor Daniyan set into viewpoint what profitable the competition means to his enterprise and its long term. “I’m tremendous energized that it brings alternatives for commence-ups in Nigeria, and we all have entry to a greater upcoming. It demonstrates that we can get to the top with the suitable system,” Daniyan explained. “This signifies far more get the job done.

The Gitex Africa Supernova Problem is the most important pitch competition in Africa, with a whole income prize of $100 000 for types these as Cybersecurity, AI and Digital Metropolitan areas, Health and fitness Tech, and Sustainability and Agritech.

“The level of competition was quite tough. 1 detail I know for certain, primarily for get started up in Nigeria, is that we will need a whole lot of mentorship to get to a productive phase. I’m positive that with the ideal mentorship, we can all do greater,” Daniyan said. 

“I arrived with the intention to acquire all the way from Nigeria. I was established I was ready. It was a surprise, but I was also incredibly identified to acquire,” Daniyan explained. “I took the time to have an understanding of the persons hearing the pitch. I took the time to analysis them, what enterprises they were functioning in, and a small bit about their temperament from their LinkedIn web page. I was ready to make them recognize our enterprise in a quite shorter room of time – just going straight to the stage.”

Nearpays simplifies on the internet payments

Daniyan stated the prize will go a long to aiding Nearpays get its payment card process licence, which charges close to $15 000.

Nearpays simplifies online payments centered on the principle that payments must be seamless. The organization has designed a way to put stage-of-sale transactions back again into the palms of people. The firm claims, “The expertise is uncomplicated, on the go, and arrives with no more bank charges for all our end users.”

“I’ve been in telecommunications for about five many years now. I begun with Huawei and then moved to Nokia, where by I assisted set up the 5G place in Nigeria. My crew has served me occur up with the suitable choices and solution. We have ongoing development.”

By most accounts Gitex Africa was an too much to handle good results, bringing start out-up, founders, buyers, telecoms and IT firms from all more than Africa and the world collectively in Morocco to outline and develop the long term of tech in Africa. Organisers welcomed in excess of 900 significant tech businesses, govt entities, start out-ups and participants from much more than 100 international locations throughout ten halls and 45 000sqm of exhibition place in a reason-constructed super location at Position Bab Jdid, Bd Al Yarmouk in the Pink Town of Marrakech. 

Fintech prize places Abuja commence-ups on the map

“It’s an brilliant system it’s an magnificent opportunity. I have not found just about anything this large in a long time. I’m tremendous enthusiastic that we have this in Africa. I’m reminded of a person quotation from Google that mentioned Africa will have the up coming set of billions of users to look on any tech system in the planet,” Daniyan spelled out. “It’s an possibility for commence-ups to link, have mentors and demonstrate their products and solutions to the environment.”

“The competitors has authorized me to hook up with excellent mentors,” Daniyan explained. “Of program, I’m however younger, and I need to have mentors who have come just before me, as nicely as give us publicity so far more individuals get to know about our product or service in Abuja mainly because most of the commence-ups that are thriving are coming from Lagos, but it’s an chance for people to see that Abuja is also flourishing in the start off-up house in Nigeria as effectively, coming up with the ideal goods and new technologies coming out from Nigeria and not coming from overseas. This will encourage far more commence-ups and demonstrate them an possibility for begin-ups in Abuja.”

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