FINLIT 2022 Hackathon Explores Innovative Products to Increase Financial Inclusion

Tuesday, January 18, 2022 / 2:30 PM / Bukola Akinyele-Yisau  for WebTV / Header Image Credit: HalFinance

It was an interesting session at the just concluded Financial Literacy 2022 maiden conference organized by the International Corporation for Development (ICD) in collaboration with Halfinance Business Consult.

With the theme "Be Money Smart" the final day of the event which was Saturday, January 15, 2022 featured a hackathon that provided an opportunity for emerging digital platforms to showcase their products before a panel of experts.

Mr. Habib Gbenle The Co-Founder/Partner Halfinance Business Consult in his remarks enjoined the participants to practicalize all the things they learnt throughout the 5-day conference.

He described the Hackathon as an opportunity for young entrepreneurs to pitch sellable ideas to investors, that can help in scaling financial services that cover investments, savings and wealth creation.

Speaking on the activities of Halfinance Limited, he said it is focused on demystifying Islamic finance in a way that people at the grassroots can understand.

The Founder, Smart Halal Investor Club advised the entrepreneurs who pitched their ideas to always focus on solving problems, creating value, think sustainability, explore storytelling in their presentations and focus on a niche that can create economic opportunities.

About 11 teams participated in the FINLIT 2022 hackathon and their focus was digital financial services and improving financial inclusion in the country.

Some of the teams that pitched their ideas during the hackathon include; Kolo, Thrive Up, SmartVest, Phoenix, Better Money, Better Me and Diamond.

Mr. Habib Gbenle at the end of the event informed all the participating teams that the winners will be announced in February, 2022.

The Star prize winner will receive N500,000 while the first runner and second runner up will go home with N300,000 and N200,ooo respectively.

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