With the launch of ALAT, Nigeria’s first digital bank in 2017, we showed the world that it was possible to hack and redefine experiential banking. Since then, we have taken it a step further with the birth of Hackaholics – the Wema bank hackathon.
Hackaholics by WEMA is set up to promote the development of technological solutions for financial and institutional needs, and other everyday social issues.
It brings together developers, designers and creative thinkers to develop products and discover new technologies.
These are the key areas and industries we need startups to pitch solutions for when registering.
Education is a bedrock of the nation which cannot be ignored. However, in recent decades, the Nigerian educational sector has suffered greatly as a result of years of neglect, indifference or both. This has limited institutions to the traditional method of managing school application, registration, results-generation and administrative process.
The pandemic has brought a new normal that has put more demands on technology to drive operational efficiency across all levels of educational institutions, and drive value to all players in the education ecosystem.
We are looking for Start-ups with solutions that can:
- Automate daily routines and traditional learning culture with a secure, user-friendly, customizable and personalized mobile and web solution for learning.
- Leverage artificial intelligence and data to connect the educational actors – school administration, teachers, students and parents/guardians to improve management capabilities, enhance education delivery and learning, efficiently manage and distribute resources, and reduce communication gap or information asymmetry between these actors.
According to research, in 2018, Nigeria was ranked 142nd out of 195 countries in terms of global healthcare access and about 90% of the population is living without health insurance. The health sector comprises of various businesses that provide medical services, pharmaceutical equipment or drugs, insurance and service delivery to patients.
Technology is shaping the future in the health sector through innovation. However, several gaps have been identified in terms of service quality, adequate data profiling, affordable and transparent health insurance.
How can we develop a sustainable technology-based health care solution leveraging telemedicine to solve the problem of access and diagnostics care, improved hygiene and prevention care for the majority without access?
We need solutions/ideas on how to leverage on the thrift platform to enable households to access health insurance at a minimum premium, with increased awareness, easy consultation, diagnosis and treatment.
Betting & Gaming
The lottery business in Nigeria is booming today with the number of punters steadily increasing. However, it remains a largely cash-driven business though options to play via digital channels are available. Today, 60% of players still visit kiosks and agents while their winning tickets can’t be validated through any digital means other than their appearances. This is primarily as a result of the difficulty to ensure KYC – the ability to tie a ticket to a specific individual.
We are looking for start-ups with solutions on how to personalize the lottery playing process by ensuring that the identity of any customer who picks up a ticket can be verified and “locked”. This will ensure that payouts go to the right winner every time. We will also consider ideas on how to drive more of the lottery business through digital channels.
Although any technology could be cutting-edge in itself, the blueprint for success in the world of FinTech is amazingly simple. Customers are the major drivers of any disruption in the fintech space. Fintechs have been able to leverage customer data to meet their known demands which the traditional banks and financial institutions failed to due to traditional models and legacy systems.
However, the survival game for the FinTechs cannot be complete without a deep understanding of the dynamics of customer behaviour. Customers don’t even know when their needs change. Ability to envisage these evolving needs with strong precision could be the game-changer for FinTechs.
Come up with solutions that feature smart identity management and real-time analysis of consumer behaviour to solve customized problems for customers within the financial world.
The agriculture sector remains a key contributor to the Nigerian economy and is widely accepted as a bedrock for sustainable growth in the future. There have been giant strides by successive political administrations and the private sector to stimulate the sector through various interventions. These are usually aimed primarily at de-risking the sector, improving access to finance and encouraging value chain integration.
However, these interventions are still not as far-reaching as most small/medium holder farmers still struggle to scale due to limited access to sophisticated information, resources, tools and technology. Come up with solutions that can;
- Increase access to market across the agric value chain by creating platforms to drive more market players.
- Increase access to funding for agric value chain operators in the most cost-efficient and default risk-reducing ways, irrespective of gaps in tech know-how of the users.
- Drive useful information symmetry and content management to educate farmers on varieties of smart farming practices such as weather forecast, food prices’ information, smart irrigation, satellite farming, among others, even in remote rural areas.
- Reduction in the rate of farm produce waste due to inefficient logistics structure/system