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iNuka Pap Nominated for the 2016 African Fintech Awards

BY David Indeje · August 24, 2016 12:08 pm

iNuka Pap (get lifted instantly) a mobile loan platform has been nominated for the  2016 African Fintech Awards.

The awards celebrate innovators that shape the future of finance and acknowledge the work these companies did to make a difference.

“The purpose of the FinTech awards is not to scientifically prove who the best FinTech companies are. The judging is primarily based on the judges’ individual views on the nominated companies using their expertise and knowledge,” reads a statement on the selection process.

iNuka Pap takes convenience to a new level and promises to address customer’s small cash emergencies anywhere and anytime using a mobile wallet.

Read: iNuka Pap, The New Mobile Loan Platform

Waweru Kuria, the Inuka Pap Chief Executive Officer, “The initiative aims to address the lengthy process required when SACCO members apply for loans. To gain access to funding, users register as members of iNuka Pap, the Kenyan Credit Reference Bureau then processes past loan information and automatically generate a credit score.”

This year, iNuka Pap was among 10 start-ups that benefited from Barclays’ programme, which is run in partnership with TechStars to promote innovation and growth in financial services.

The African FinTech 100 is generated by combining public voting and expert voting. The online voting starts the 23 June 2016. The voting ends the 15th of September 2016.

However, the Public Awards competition runs until the end of October 12 and the FinTech companies with the highest amount of votes per category will win the Public Award in their category.

The second and final round will be on the 13th October 2016 during the African FinTech Awards and Conference where the Top 3 FinTech companies within each category will give a pitch in front of the top-notch panel of judges. The best companies in the following categories will get the opportunity to pitch:

  • Lending & Financing
  • Payments & Transfers
  • Retail Banking
  • InvestTech
  • Blockchain & Bitcoin
  • Most innovative incumbent bank

To vote for iNuka Pap in supporting their innovation to enhance African financial services and financial inclusion, vote here.

 

David Indeje is a writer and editor, with interests on how technology is changing journalism, government, Health, and Gender Development stories are his passion. Follow on Twitter @David_Indeje David can be reached on: (020) 528 0222 / Email: info@sokodirectory.com

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