Two African Fintech startups have been recognized for their innovative stride in the financial sector by the International Finance Corporation IFC. The award was given to the duo during the just-concluded Global SME Finance Forums Award in Amsterdam.
The startups were JUMO, a South African-based Fintech and Mauritius-based 4G Capital came first for Innovation in the Small Business Category and led over 144 applicants that also vied for the award.
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The Global SME Finance Forum Awards celebrates the outstanding achievements of financial institutions and fintech companies that deliver exceptional products and services globally. It is this uniqueness that brought JUMO to the fore to be judged and awarded based on the uniqueness of its innovation, dynamism, and scalability. 4G capital, on the other hand, was awarded for its unique model in empowering micro and small businesses in Sub-Saharan Africa.
The Founder and CEO of JUMO, Andrew Watkins-Ball expressed his delight on the award. He noted that the award recognizes the fintech’s unique approach to upscaling financial access in emerging markets. Watkins also revealed that the JUMO’s model that begins from product development through partnership to the application of technology spurred its uniqueness.
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