Nigerian fintech startup, Ladda, will, in May, lead Africa to the Grand Finale of the 2020/21 Seedstars World Competition, having displaced 4 others from Africa to emerge winner of the regional leg of the contest in April.
This was disclosed by the media unit of Seedstar via a press statement forwarded to Ripples Nigeria on Monday.
According to Seedstar, Ladda from Nigeria will be advancing to the final round along with startups from four other regions such as Fulfillment Bridge (Tunisia), Pegasi (Venezuela), IMAN (Uzbekistan), and Finology (Malaysia).
Startups who make it to the finals of the contest will compete for $500K in equity funding.
Commenting on the development, Daria Khlopova, Seedstars World lead, stated that the finishing 5 startups have proven to be innovative in thinking, as he expressed excitement to meet them during the final leg.
He said: “These five startups have proven that no matter how difficult times may get, innovation is still at the forefront. We can’t wait to see them at the Grand Finale.”
Nigeria-based Ladda addresses the problem of poor financial literacy and insufficient ease of access to micro investment opportunities for low to medium income earners.
