This past Saturday, May 6th 2023, leading payment processing services BudPay hosted the Nairobi developer community.
The event themed “FINTECHATHON” was designed to attract developers eager for chances to demonstrate their coding prowess, discover new technologies, and connect with other developers.
BudPay’s CEO, Wale Hassan, in his opening remarks, highlighted that the goal was to encourage innovation and creativity by giving developers and fintech enthusiasts access to the company’s technology infrastructure which will allow participants to build applications that can interact with BudPay’s products and services.
The following themes were focused at the Fintechathon: Payments, i.e. Instant Payments, Money Transfers, Public Finances, E-commerce, Insurtech and Fin-edutech.
The participants delivered captivating pitches, demonstrating their ingenuity and the potential of their technologies to disrupt various industries. The innovativeness and creativity of the approach in terms of resolving a practical issue were assessed by the judges.
The winning pitch was chosen by the team of judges, which included IT enthusiasts, industry experts, and seasoned professionals. At the end of the Fintechaton, Simba Pay, developed by Mr Gaseema Ndung’u, took home the $1,000 USD cash prize as the “FINTECHATHON” winner, while LifeLine, led by Mr David Abolaji Ger and Express Shoppers led by Mr Brian Keya finished second and third, winning $700 USD and $500 USD respectively.
BudPay’s COO, Bassey Etimbuk expressed his excitement at the ideas put forth by the many teams and their commitment to its success during the prize presentation. He also mentioned all winners have access to BudPay’s resources to assist in their business growth.
This event most definitely contributes to the development of East Africa’s Startup Ecosystem. Kudos to the management and congratulations on a successful event.