• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, May 15, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Wema Bank Awards N145m To 7 Innovators At Hackaholics 5.0 Grand Finale

by Bukola Aro-Lambo and Leadership News
6 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

Wema Bank has successfully concluded the 5th edition of its Hackaholics initiative, a premier ideathon designed to empower and support the nation’s brightest tech innovators.

Advertisement

The grand finale, which took place in Lagos, witnessed a remarkable showcase of ingenuity and problem-solving prowess, culminating in seven startups sharing an impressive N145 million in prize money—nearly double the initial prize fund of N75 million.

This year’s Hackaholics stood out with a record-breaking 3,500 applications from across Nigeria. From this pool, 10 finalists showcased innovative solutions addressing real-world challenges, ranging from education accessibility to sustainable agriculture, healthcare, and more.

Feegor, the overall winner, was awarded the top prize of N50 million for its innovative B2B wholesale marketplace and SaaS platform.

Feegor empowers SMEs to discover, negotiate, and source goods from verified suppliers while accessing credit through a Buy Now Pay Later (BNPL) model.

RELATED

STI Partners Rotary Club On Water, Sanitation Initiative

Sovereign Trust Insurance Harps On Continuous Manpower Devt

6 minutes ago
Understanding Reintroduction Of International Cargo Tracking Note

Shippers’ Council, ICPC Collaborate To Tackle Corruption At Seaports

45 minutes ago

This groundbreaking approach is set to drive growth and create significant economic impact.

The first runner-up, Empayment AI, received N35 million for its AI-powered invoice discounting platform, revolutionizing how businesses manage payments.

Bloom Beauty, the second runner-up, was awarded N20 million for its personalized, AI-curated solutions that are transforming the beauty industry.
In the women-led category, MyTherapist secured the position of first runner-up, earning N12 million.

MyTherapist connects users with mental health professionals, providing accessible and affordable therapy solutions for emotional well-being. Meanwhile, MyItura, an innovator delivering remote healthcare services, clinched the position of second runner-up in the women-led category, receiving N8 million.

Both Northino and University X earned honorable mentions at the grand finale, each receiving N10 million.

Northino was recognized for bridging traditional knowledge and modern technology through digital skills training for African native speakers, while University X impressed with its transparent, all-encompassing platform for tertiary education management.

The significance of these groundbreaking innovations was highlighted by Wema Bank’s CEO, Moruf Oseni, who shared his vision for the initiative.

In his words, “We are delighted to celebrate the brilliance of our youth through the Hackaholics initiative. At Wema Bank, we are more than a bank; we are enablers of dreams and drivers of transformation. When I stood here earlier, the total prize money was N75 million. But, inspired by the potential we saw, we decided to increase the total prize pool to N145 million.

“Wema Bank’s legacy of 79 years remains rooted in innovation, and with initiatives like Hackaholics, we continue to empower lives and shape the future.”

Ugonna Ginigeme, CEO of Feegor and the overall winner, expressed heartfelt gratitude for the recognition and support.

“I feel very grateful to God, my team, and everyone who has been part of this journey. Winning among so many great startups and entrepreneurs is humbling. I sincerely thank the MD, Wema Bank, and its management for this incredible opportunity. These are still early days, but we are determined to keep working, building, and creating a positive impact for SMEs and the Nigerian economy while building an all-around successful company.” Ginigeme said.

Hackaholics 5.0 not only underscores Wema Bank’s legacy of innovation but also sets the stage for further technological advancements, fostering a generation of problem-solvers poised to reshape Nigeria’s future.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



SendShareTweetShare
Previous Post

Nigeria Armed Forces Coast Home As 2nd African Military Games Ends Tomorrow

Next Post

JUST-IN: Okonjo-Iweala Reappointed As WTO Director-General  

Bukola Aro-Lambo and Leadership News

Bukola Aro-Lambo and Leadership News

You May Like

STI Partners Rotary Club On Water, Sanitation Initiative
Business

Sovereign Trust Insurance Harps On Continuous Manpower Devt

2025/05/15
Understanding Reintroduction Of International Cargo Tracking Note
Business

Shippers’ Council, ICPC Collaborate To Tackle Corruption At Seaports

2025/05/15
Oyetola
Business

Oyetola Reaffirms Commitment To Marine, Blue Economy Policy Implementation

2025/05/15
Experts Laud CG As Customs Grants 90-day Window To Regularise Imported Vehicles Duty
Business

Recruitment Process Ongoing, Not Yet Concluded, Customs Tells Applicants

2025/05/15
NSC Holds Maritime Seminar For Judges
Business

Shippers’ Council Automates Processes, Saves FG N31bn In 6 Months

2025/05/15
itel Solar Energy Opens First Customer Experience Centre In Lagos Market
Business

itel Solar Energy Opens First Customer Experience Centre In Lagos Market

2025/05/14
Leadership Conference advertisement

LATEST

FG To Collaborate With NASS, Media, Others On Cybercrime Act Review – Minister

Sovereign Trust Insurance Harps On Continuous Manpower Devt

Troops Record 7 Attacks On Military Bases, Eliminate 22 Wanted Terror Leaders

APC Chieftain Hails Governor Okpebholo’s Anti-cult War In Edo

Nollywood Producers Join Global Effort To Tackle Digital Copyright Theft

FG To Launch 10,000 Housing Units For Renewed Hope Medic City

Despite Battles Won, Advances Made, Anti-malaria War Lingers

Police Arraign Suspect, Firm For UK Visa Fraud, Marriage Scam

Kaduna Govt Has Established Lithium Processing Plant – Commissioner

FG Seeks Ways To Enhance Transparency In Constituency Projects

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.