Day Two of the Women in FinTech #LevelOneProject Hackathon was successfully concluded with discussions centered on how participants can improve their projects in order to serve their target audiences better.
Day two mentor, Doreen Lukandwa, the Beyonic/MFS Africa vice president (global enterprises) and winner of the 2020 Women in FinTech Award urged participants to use the latest technologies such as Mojaloop Open Source Software in order to add value to their products as this will give them a better entry into the financial technology ecosystem.
“Be intentional about your projects. Give the value of your products and be confident in what you are doing,” she said, noting that developers must also be price sensitive as this is one of the key factors that determine a good innovation.
“When you are selling your product, introduce yourself in a manner that the mass market will understand. This gives your innovation identity and simplifies the value of the product because not everyone you are trying to engage knows the technical terminologies,” she said.
The week-long Hackathon, organized by HiPipo in partnership with Crosslake Technologies, Modusbox, Mojaloop, and Level One Project, will culminate in the Women in FinTech summit on Friday, October 15th, 2021 where the three top teams will be announced and get to share USD5,000 in prizes in addition to being part of a 90-day Business Incubator Program.
The 2021 #LevelOneProject #WomenInFinTech Hackathon has 17 women-led teams and over 70 participants altogether. The teams are coming up with financial inclusion solutions that address their community needs, aided by Level One Project principles and the latest technologies.
HiPipo is proud to remain one of the continent’s premier advocates for the creation, dissemination, and adoption of digital financial services, and we remain highly enthusiastic to provide the ways and means for our innovators to fully develop solutions that will collectively lead millions of our people to better lives and improved livelihoods.
The inaugural Women in FinTech initiative in 2020 exceeded expectations and left no doubt that women are ready to play a starring role in the digital financial services space and can fill the product gap the sector currently contends with.
All the 15 participating teams in 2020 presented excellent ideas, and HiPipo is more than pleased to reveal that it supported three (3) of them to grow into startups, each with a Minimum Viable Product (MVP) that’s ready for the market, which was a success to an extent that they went on to take part in the recently-concluded 40 Days 40 FinTechs initiative.