Grapevine

Kora supports talented innovators in payment hackathon

Kora structured Hackathon 2.0 as a 14-day programme to encourage those talents to break boundaries in business operations and develop financial solutions that cater to business needs in emerging markets.

“The selection process was highly competitive, starting with over 300 applications. We shortlisted the top 70 for preliminary interviews and demos.

“After further screening, we narrowed it down to 30 participants, and today, we have the final 10 teams presenting their projects,” the Business Development Officer at Kora, Chukwuma Ukegbu, told The PUNCH.

Rural communities in Nigeria face significant challenges in accessing financial services, relying heavily on cash transactions.

Approximately 36.8 per cent of adults in these areas remain financially excluded, according to data from the Enhancing Financial Innovation & Access to Financial Services in Nigeria.