Nedbank Fintech & Big Data Challenge



Shape the Future of Banking in Africa

Win Seed Funding and Incubation Support
Nedbank_green_shade-2

Introduction

 

LaunchLab together with Nedbank will be engaging on an exclusive Fintech & Big Data Challenge which will run from mid-August to October 2016.

This challenge will consist of:

  • Challenge Workshop
  • Entering Pitches
  • Pitching Platform Final

Challenge Workshop

 

A workshop was hosted at the Nedbank Stellenbosch University LaunchLab from 16:00-18:00 on 16 August 2016 to allow us to engage with the Fintech & Big Data Startup Community.

Specifically, Nedbank is specifically looking for new business ideas that address:

  • Enhancing client experiences using connected devices (IoT)
  • New ways to utilise mobile technology to further promote financial inclusion
  • Innovative methods to on-board and activate new clients (e.g. remote client verification)
  • Platforms to promote money transfers or fundraising for small business e.g. crowd-funding and peer-to-peer lending
  • New opportunities to leverage ATM devices for increased client activity
  • Incorporate gamification to entice deeper client engagement with banking products

Nedbank Fintech Challenge-Part 1

Nedbank Fintech Challenge-Part 2

Nedbank Fintech Challenge-Part 3

Nedbank Fintech Challenge-Part 4

Pitching Platform

 

Entering Pitches

Entrepreneurs only get 3 minutes to record a video pitch. LaunchLab provides no facilities for displaying visual demos or presentations, but props and demo devices are allowed.  Any content beyond the 3 minute time limit will not be considered in the judging.

We look for the following criteria in the pitches that we receive:

  • Problem or Need, and the Opportunity
  • Value Proposition
  • Target Market
  • Team – are you capable and do you have time to commit?
  • Business Model
  • What do you need?

 

Pitching Platform Final

There was an exclusive Fintech & Big Data Pitching Platform Final hosted by the LaunchLab together with Nedbank on the 20th of October at the Nedbank Stellenbosch University LaunchLab.  Out of more than 60 entries, 9 were selected for the Final, and the following pitches won free space in the LaunchLab for 6 months and access to Nedbank to look at how to get their businesses moving.

  • MoWallet – Enables banks with white label solution digital marketing solution to deliver incentive to customers with lower income
  • Airbuy – A solution to purchase goods using airtime
  • Yethu – A Digital Stokvel management and accountability tool
  • Fingertips – Online payments done via Student ID.