Team EazyChange has beaten 19 other participating teams to emerge winner of the first Wema Bank Hackholics. The event was hosted at Codeville, Wema Bank’s innovation lab
The winning team was received $10,000 for its solution that provides simpler payment for transportation. The solution is programmed to ease the problem of scarcity of lower denominations for transport fare within Lagos and other states. Team EazyChange will also join the bank for a period of 6 months.
This is what victory feels like. 🎉🎊
— Wema Bank (@wemabank) April 1, 2019
Team 2i was the first runners-up for a backend solution designed to solve problems in Know Your Customer (KYC). Meanwhile, Team Lendse was the second runner-up for creating a solution that tackles alternative credit scoring for financial institutions.
Besides the winning teams, participants who impressed with their ideas and work attitude will gain access to incubation and acceleration programs at the Wema Bank’s innovation lab, Codeville.
The innovation lab will help nurture tech solutions and other business ideas into marketable brands through investment opportunities, business support, and mentorship.
Hackaholics brought together startups and young tech professionals to brainstorm, strategize and create solutions to the problems presented. Solutions were screened by a team of judges who announced the winner at the grand finale.
Hackaholics was organized in partnership with Scooper and Ntel who provided media support and internet services respectively. Wema Bank will continue its track record of creating and promoting platforms that will pave the way towards building the future of Nigeria’s fintech and business sectors.