Our friends at Shield Finance, a pay day lending platform which enables employees to access pay day loans directly into their mobile phones and mobile money accounts beat five other startups to secure for themselves a chance to pitch at DEMO Africa 2015.
Josephat Njui, CTO, Shield Investment Company Ltd in a statement said, “I look forward to pitching in Lagos, I am positive that investors will be confident about investing in start-ups like us given the level of creativity that I have witnessed today.”
Shield Finance beat Lipco, Kuhustle, ENT mobile, Chippp and Briglobe at the DEMO Africa pre-pitch event held in Nairobi today. The six were selected from a total of 26 startups.
Congratulating the winner, DEMO Africa’s Nairobi Event Director, Mbugua Njihia, expressed enthusiasm on the quality of technology products that are emerging across Africa. “The level of creativity is out of this world, I am now sure that Africa is able to produce world class products that can be easily scalable.” He added.
Shield Finance, has secured its space to launch its product at the DEMO Africa stage later in September. Shield Finance will also receive a ticket to Lagos and accommodation catered for during the event. DEMO Africa’s pre-screening activities and feedback sessions are expected to raise the standards of the technology products that are produced by start-ups across Africa to ensure that the confidence of various investors is secured.
Start-up application for DEMO Africa is still ongoing to close on 30th June. The adjudication of the submitted project will happen in the month of July where a jury of 12 persons will deliver a list of 30 start-ups, which will pitch on the DEMO Africa stage.
The DEMO Africa next stop will be Cairo before the conclusion of the tour in Harare on the 24th of September. This will mark the end of the pre-screening of projects in East, North and West and South Africa. You too can register here to be part of this innovation move.