Wema Bank Empowers Startups With $200,000 Grant
Wema Bank has disclosed that it has awarded a total of $200,000 in grants to 18 innovative startups that emerged victorious in previous editions of its premier hackathon.
The initiative, designed to foster technological advancements and entrepreneurship, aligns with the bank’s commitment to empowering startups with funding, mentorship, and market access.
Speaking at a press conference in Lagos to announce the call for applications for the sixth edition of Hackaholics, the Chief Transformation Officer of Wema Bank, Babatunde Mumuni, reaffirmed the bank’s dedication to supporting innovative enterprises.
“From inception to date, we’ve had a total of 18 winners at Hackaholics, and we have given out about $200,000 in grants to all the winners. Over the years, we have continued to increase the prize money to empower these innovators to progress,” Mumuni stated.
The bank further revealed its plans to collaborate with governors in the Southwest region to enhance local innovation ecosystems, leveraging technology to drive transformation in food systems.
This partnership is expected to strengthen agrotech solutions and improve productivity in the agricultural sector.
The executive director of retail and digital business at Wema Bank, Tunde Mabawonku, emphasized the institution’s dedication to fostering innovation, particularly in agriculture.
He highlighted the importance of technological solutions in increasing market access, addressing inefficiencies, and accelerating transformation within agrifood systems.
Wema Bank Empowers Startups With $200,000 Grant is first published on The Whistler Newspaper
