Fri. Jun 9th, 2023

Ghanaian Agri-crowdfunding Startup Wins Betway Fintech Challenge

A Ghanaian agricultural crowdfunding startup has emerged winner of the first Betway Fintech Challenge, taking home the GHS20,000 (US$3,800) prize money.

Kwidex, the Ghanaian startup that allows users to invest in agricultural projects was selected as the winner at a final event at the Accra Digital Centre last week after ten finalists pitched across two rounds. Nocofio, a crowdlending application that connects farmers to finance, was first runner-up, banking GHS15,000 (US$2,900), while savings platform Pennysmart, which enables individuals and businesses to save towards their goals at their own pace, was third runner-up and took home GHS10,000 (US$1,900).

Magnus Rex Danquah, Betway Ghana’s Country manager, congratulated all the finalists and encouraged the teams to utilise the skills they had been taught over the three-month competition to grow their businesses.

“The Betway Fintech Challenge was set up to create an environment for entrepreneurs to build solutions that help address challenges in the delivery of financial services to a broader range of Ghana’s population. Over the last few months, all participants have shown a keenness to do so,” he said.


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