Congratulations to the Finalists of the Milken-Motsepe Prize in FinTech!
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University of Cape Town: UCT graduates take home over R4.5m in Motsepe-backed prize

Omnivat, a renewable energy startup founded by five University of Cape Town (UCT) graduates, are the runners-up of a prestigious energy innovation competition backed by billionaire Patrice Motsepe.

With a cash prize of $250 000 (R4.6 million), they set out to explore partnerships with healthcare facilities in the Eastern Cape as pilot sites for their project – essentially a power system consisting of solar panels, batteries, and hydrogen, pre-packaged in a shipping container. The innovative design creates a shaded marketplace that provides reliable power to users, even when the sun isn’t shining, News24 previously reported.

 

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Africa Business: Driving Financial Inclusion in Nigeria: Adeshina Adewumi of Trade Lenda on Empowering Small Businesses

Adeshina Adewumi, founder of Trade Lenda and a semi-finalist in the Milken-Motsepe Prize in FinTech, delves into the inspiration behind his team’s mission to enhance financial inclusion for small businesses in Nigeria. In this revealing interview, Adewumi explains how Trade Lenda’s solution uniquely addresses challenges faced by underserved communities and differentiates itself from other innovations in the fintech space.   Read and watch the full interview here.

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Africa Business: Redefining Financial Systems: Meghan McCormick of Oze on the Power of African-Led FinTech Innovations

Meghan McCormick, co-founder of Oze and a semi-finalist in the Milken-Motsepe Prize in FinTech, discusses the transformative potential of African-led fintech innovations in reshaping global financial systems. In this exclusive interview, McCormick highlights inspiring success stories from the competition, sharing insights into how these standout innovations can serve as blueprints for the future of fintech. She also emphasizes the importance of sustainability and long-term economic impact, explaining how the competition supports participants beyond prize funding.   Read and watch the full interview here.

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