The ITC NTF V x VivaTech Challenge 2022 for African digital startups

The ITC NTF V challenge is looking for African startups facilitating access to smartphones and smart feature phones through device financing models. Do you fall into this category? Then apply for this challenge with the information below.

The ITC NTF V x VivaTech Challenge 2022 for African digital startups ($5000 cash prize & funded to VivaTech 2022)

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Mobile penetration is key to drive economic growth, connect the unconnected and build 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

Benefits

Attend VivaTech 2022: sponsor your flight and passes
Get $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 our network