Emata, a Uganda fintech emerged the top out of 14 companies to participate in the prestigious CATAPULT: Inclusion Africa 2021 accelerator program. Mosabi from Sierra Leone and the Nokwary Technologies from Ghana took the second and third spot. Emata offers financial products to the underbanked in Uganda by digitizing farmer cooperatives giving them access to affordable digital and financial products.
According to FinTalk Mag, Nasir Zubairi CEO of LHoFT expressed satisfaction in the “enthusiasm of the national and international ecosystem.”
Emata was the only startup picked from Uganda. They competed head-to-head with others from Israel, Ghana, Sierra Leone, France, Kenya, Tanzania, and Ivory Coast and emerged best during the pitch competition clinching €5,000 and a ticket to the African Microfinance Week, organized by ADA and scheduled for October.
Emata team described the win as a great validation of their work in revolutionizing farmer financing. 2nd placed Mosabi from Sierra Leone is a financial education platform while Nokwary Technologies from Ghana – winner of the African prize at the Ecobank Fintech Challenge – took third place.
Emata emerged from Laboremus, a financial technology solutions provider in East Africa and Europe. CATAPULT: Inclusion Africa is an accelerator supported by the LHoFT Foundation. Its main focus is on companies advancing financial inclusion.
WE WON!!🤩🥳 We won #CatapultAfrica2021!
This win is a great validation of the work that we’re doing to revolutionize farmer financing. 👩🏾🌾 pic.twitter.com/mC44ppGoQQ
— Emata (@Emata_UG) May 27, 2021