Wema Bank’s Hackaholics 4.0 winner is IRETI, a health-tech firm that helps women manage breast cancer and close the gender gap.
At the Wema Bank/ALAT Hackaholics Digital Summit and grand finale, "Re-imagine: Disrupting the ecosystem for scale," held in Lagos on Friday, the winner was declared.
As the best-pitched firm, IRETI took home the N15 million cash award. The first runner-up, GRIP, is a financial startup, while the second runner-up, Trakka, took home N7 million. Outsidee also took home the N5 million Women Led Award, which was established to encourage women in technology.
Additional winners include MumAlive in the health startup category, University-X in the edutech category, Naijabox in the best energy startup category, PUP Industries in the best climate subset, and Chao in the e-commerce category.
IRETI, GRIP, Trakka, Outsidee, Chao, Raptor, Pup Industries, University-X, Naijabox, and MumAlive are the ten finalists for the Hackaholics 4.0 competition.
The Wema Bank Science, Technology, Engineering, and Mathematics Endowment Fund was also awarded to three universities. These are Babcock University, which has N5 million; Afe Babalola University, which has N7 million; and Nile University, which has N5 million.
“Going forward we will be able to reach out to women in urban communities and also women in rural communities because we are partnering with NGOs. We are reaching out to them; helping them to create awareness about breast cancer – it kills, but you stand a chance to live if you detect early and start treatment on time,” Jane Agbaohwo, founder and creative director, IRETI said after picking the prize.
According to Moruf Oseni, MD/CEO of Wema Bank, the bank has been able to assist the development of Nigeria's digital ecosystem because of a special combination of traditional banking knowledge and technology that is ingrained in the system.
We also acknowledge that a strong focus on STEM education is essential for any economy hoping to achieve sustainable growth in both the social and economic spheres. Sports and entertainment have helped Nigeria's image abroad, but they are unable to forecast the infrastructure and technology gaps that will prevent the country from realizing its full potential, according to Oseni.
Founder and CEO of Flutterwave, Olugbenga Agboola, stated in his speech that Hackaholics 4.0 can offer great chances to entrepreneurs using technology to address regional and worldwide problems. He gave Wema Bank credit for setting up systems that encourage creativity in the fintech sector.
According to Tunde Mabawonku, ED of Wema Bank's retail and digital division, the digital conference brings together leaders in the industry, visionaries, and innovators from all around Nigeria, breaking down barriers. The key is to use startup founders' combined potential to push the boundaries of what is conceivable in the digital era.
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