The NTF V x VivaTech Challenge 2022 For Digital Startups In Africa
Apr. 13, 2022
In Africa, smartphones remain inaccessible for most of the population since the average cost of a low-end smartphone still exceeds 60% of the average monthly income.
Mobile penetration is key to drive economic growth, connect the unconnected and build digital-savvy nations. Despite a growing mobile broadband coverage, more than 520 Million Africans do not enjoy internet services, device affordability is one of the major barriers
The ITC NTF V challenge is looking for African startups facilitating access to smartphones and smart feature phones through device financing models.
Expected Solutions can vary from but are not limited to:
- Bi and tripartite partnership models to finance smartphones
- Digitized smartphone loans/instalment schemes
- Mobile phone lending against services (ride hailing, etc)
- Buy Now Pay Later models
Scope:
Mobile financing plan, credit, BNPL, Mobile devices lending
Selection criteria
- Formally registered African digital startup working in the African market, revenues a plus, with track record in smartphone financing
- Well defined and big market size
- Strong team with complementary skills and strong managerial and operational experience
- Scalable solution
- Viable and innovative business model
Prizes
$5000 cash prize
Connection to the entrepreneurial tech ecosystem in the African country your challenge covers and beyond
Network with VCs and industry players from Vivatech’s network
Attend VivaTech 2022:sponsored flight and passes
Interested persons can apply here
End date: Apr 30, 2022
tag: Funding,