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The NTF V x VivaTech Challenge 2022 For Digital Startups In Africa

Funds

April 13, 2022, 12:30 p.m.

In Africa, smartphones remain inaccessible for most of the population since the average cost of a low-end smartphone still exceeds 60% of the average monthly income.

Mobile penetration is key to drive economic growth, connect the unconnected and build digital-savvy nations. Despite a growing mobile broadband coverage, more than 520 Million Africans do not enjoy internet services, device affordability is one of the major barriers

The ITC NTF V challenge is looking for African startups facilitating access to smartphones and smart feature phones through device financing models.

Expected Solutions can vary from but are not limited to:

- Bi and tripartite partnership models to finance smartphones

- Digitized smartphone loans/instalment schemes

- Mobile phone lending against services (ride hailing, etc)

- Buy Now Pay Later models

Scope:

Mobile financing plan, credit, BNPL, Mobile devices lending

Selection criteria

  • Formally registered African digital startup working in the African market, revenues a plus, with track record in smartphone financing
  • Well defined and big market size
  • Strong team with complementary skills and strong managerial and operational experience
  • Scalable solution
  • Viable and innovative business model

Prizes

$5000 cash prize

Connection to the entrepreneurial tech ecosystem in the African country your challenge covers and beyond

Network with VCs and industry players from Vivatech’s network

Attend VivaTech 2022:sponsored flight and passes

Interested persons can apply here

End date: Apr 30, 2022

tag: Funding,

Viva Technology Source



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