Congratulations to the Winner of the Milken-Motsepe Prize in FinTech!
The Milken-Motsepe Prize in AI and Manufacturing is now open for registration!
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Why AgriTech?

By 2030, the world population is expected to reach 8.5 billion, with more than half of that growth occurring in Africa. We will need to increase food availability by at least 60 percent to meet the demand of the additional people on the planet. Agriculture must change and grow now to meet the needs of the future.

Agriculture is by far the most important economic activity in Africa, employing about two-thirds of the continent’s working population. Yet agricultural productivity growth in Africa is about half that seen in other developing economies. Only 3 percent of smallholder farmers are actively using any form of digitive service. Innovative, affordable integration of technology is needed to close the digital divide, increasing farm productivity, decreasing food loss, and bringing value to farmers.

Agricultural technology (AgriTech) is essential for this growth. AgriTech can allow for tremendous progress in crop yields, farm productivity, plant and animal health, sustainability, waste reduction, and scalability. AgriTech is a fast-growing industry ripe for innovative business models and opportunities. It is good for business and needed for people.

The Milken-Motsepe Prize in AgriTech addresses the problems faced by farmers on small to medium-sized farms in Africa. More broadly, it is designed to accelerate progress toward the first two SDGs: eradicating poverty and eliminating hunger. For nearly 25 years, extreme poverty was on the decline. The ravaging effects of COVID-19 have compounded a growing climate crisis, and we now face the worst setback in poverty eradication we’ve seen in a generation. It is more important than ever that we act now and accelerate change to end global poverty. Ending hunger is closely intertwined with ending poverty. The root of the food crisis begins at the farm. Increasing productivity and value to small and medium-sized farms is critical for solving global hunger.  

We believe the builders, the dreamers, the creative, collaborative minds will help us accelerate progress and create a more equitable, sustainable, and abundant future.

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Worth Magazine: Milken-Motsepe Innovation Prize Empowers Entrepreneurs Worldwide

The Milken Institute’s strategic philanthropy initiatives, including the Milken–Motsepe Innovation Prize, are using capital to catalyze global change and empower entrepreneurs to tackle systemic challenges. At this year’s Milken Global Conference, the buzz wasn’t just about big capital but about how to use it wisely. Emily Musil, Managing Director of Social Innovation at the Milken Institute, sat down to talk about how strategic philanthropy can catalyze global change. “I sit within the strategic philanthropy pillar,” Musil explained, “which means we try to work with people to figure out the best way to use capital to have the biggest impact in the world.” That mission translates to initiatives ranging from economic mobility and fintech access to sustainable development across emerging markets.   Read the full article and watch the interview here.

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AfroAsian News: 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 JOHANNESBURG, South Africa, May 8, 2025/APO Group/ –The Milken Institute (https://apo-opa.co/452va1L) 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 (https://apo-opa.co/4d7WePf), 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

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Wee Tracker: Verto Wins Big In Bid To Fuel B2B Payments For Global South

UK-based and Africa-focused fintech Verto has secured a USD 1 M boost after winning the Milken-Motsepe Prize in fintech, a prestigious award recognising companies advancing financial access for small businesses in underserved markets. The win adds to Verto’s growing credibility and firepower in an increasingly competitive cross-border payments landscape, especially in frontier economies. Founded in 2018, Verto simplifies international B2B payments for businesses navigating fragmented and often overlooked currency corridors. With support for 49 currencies, many of them exotic or thinly traded, the platform eliminates intermediary fees and accelerates settlement times. This is a game-changer in markets where traditional banking infrastructure has lagged behind. Read the full article here.

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