The NTF V x VivaTech Challenge 2022 For Digital Startups In Africa


April 13, 2022, 12:39 p.m.

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.

Do you have an article that can be relevant to the African Tech space?

Submit your news stories, articles or press releases to


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


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


$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

The challenge closes on 30th April 2022. Interested persons can apply here


tag: news, Tech Africa, Startup,

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