Call For Application: Innovation for Smartphone Financing in Africa

Call For Application: Innovation for Smartphone Financing in Africa

About the challenge:

They target startups improving access to smartphones in Africa through innovative business and partnership models.
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. The ITC NTF V challenge is looking for African startups facilitating access to smartphones and smart feature phones through device financing models.
Mobile penetration is key to driving economic growth, connecting the unconnected, and building 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.

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

What you get:

  • Attend VivaTech 2022: Sponsored flight and passes.
  • Get a $5000 cash prize.
  • Connection to the entrepreneurial tech ecosystem in the African country your challenge covers and beyond.
  • Linkages with VCs and industry players from Vivatech’s network.

For more Information: Visit Vivatech Startup Challenge

Current Calls For Application:

The Baobab Network – Technology Accelerator

AgriTech4Morocco Innovation Challenge

Investor Accelerator Program

Launch Into VC Program

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