Congratulations to the Winner of the Milken-Motsepe Prize in FinTech!
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Engineering News: How an AgriTech Prize Helped Me Realise My Life’s Work

By: Diana Orembe – Founder and CEO of NovFeed

When I was a child, I witnessed firsthand my uncle’s struggles as a fish farmer. Growing up on his farm, I saw the immense effort he put into his work, only to be met with financial challenges due to the high cost and inconsistent quality of the feed stock. I later learnt my uncle was not alone, and that African farmers across the spectrum faced similar productivity challenges. This inspired me to find a way to create meaningful change in the African agricultural sector. During my second year at university, while conducting research on the application of microbes as feed, I revisited fish farms and found that the same issues my uncle faced were still around, even ten to fifteen years later. Farmers were investing heavily in feed, often imported and expensive, which cut deeply into their profits. Seeing that these issues were still so present encouraged me to do something about it.

 

Read the full op-ed here.

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Businesswire: Milken Institute and Motsepe Foundation Announce Winner of the Milken-Motsepe Prize in FinTech and Launch New Prize

Prize program awards Verto the $1 million Grand Prize to advance FinTech innovations; the program also launches a new $2 million prize in manufacturing LOS ANGELES & JOHANNESBURG–(BUSINESS WIRE)–The Milken Institute and the Motsepe Foundation are proud to announce the winner of the Milken-Motsepe Prize in FinTech, a $2 million innovation award designed to reward companies working to expand access to capital and financial services for small businesses in emerging and frontier markets. The winner was announced at the Milken Institute Global Conference in Los Angeles. Verto, based in the United Kingdom, won the $1 million Grand Prize for its business-to-business cross-border payments platform, which enables businesses in emerging markets to send and receive payments, eliminating intermediary fees, supporting 49 currencies, and settling transactions quickly. FinTech is the third prize awarded as part of the Milken–Motsepe Innovation Prize Program, a series of competitive multimillion-dollar global competitions and awards designed to incentivize and reward bold,

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ITWeb Africa: Milken-Motsepe prize in fintech picks finalists

The Milken Institute and the Motsepe Foundation have named the three teams who have advanced to the final round of the Milken-Motsepe prize in fintech. The Milken-Motsepe fintech prize seeks to acknowledge innovative solutions for increasing financial inclusion for small enterprises in emerging and frontier countries. Read the full article here.

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TechAfricaNews: Milken-Motsepe Prize in FinTech Names Finalists Driving Financial Inclusion in Emerging Markets

Three FinTech innovators—Chumz, Oze, and Verto—compete for $1M Milken-Motsepe Prize, advancing financial inclusion in emerging markets. The Milken Institute and the Motsepe Foundation are pleased to announce the three teams advancing to the final round of the Milken-Motsepe Prize in FinTech. These innovators are competing for the prestigious US$1 million Grand Prize. Read the full article here.

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