Fintech startup, Akiba wins Seedstars Kampala

Akiba, an online (money) saving and investment platform, has been declared winner of Seedstars Kampala, the Ugandan leg of startup competition Seedstars World.

The startup is revolutionising finance by making it collective, granting people the tools for practical & transparent management of their finances.

Its mobile app (Android & iOS) allows people to leverage the social circles for better access to finance and credit solutions.

“We started this company because my mom was having difficulties trying to make a difference in her community. We are very happy to see that this has transformed into a business,” said Ivan Mworozi of Akiba.

Akiba, together with 10 other startups, pitched at Outbox Hub in front of a jury that included Selam Kebede of Seedstars World and Angela Kerubo of Open Capital Advisors to emerge winner.

Aside being crowned the most promising seed-stage startup of Seedstars Kampala 2016, Akiba received the sole ticket to represent Uganda at the global finals of the event in Switzerland.

At the global finals, Akiba will join the global Seedstars Family and take part in the regional and global Seedstars Summits that include a tried and tested bootcamp and investor forum.

The Summit will end in a pitch session, where Akiba will compete with other amazing startups from across the world for a chance to emerge winner and win up to US$1.5 million in equity investment prizes.

DusuPay Ltd, a platform that wants streamline how african businesses are paid online, came second while Panya, a business that leverages chatbot technology to enable local firms to market and transact products and services directly within Facebook Messenger came third.

The event was organized in partnership with Stanbic Bank Uganda and Outbox, and supported by Intel, VC4A, Lionesses of Africa, iAfrikan and Brussels Airline.

Seedstars World will continue its tour of the continent – it has already been to 9 African countries – in search of promising startups. Its next stop is Nairobi, Kenya.

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