Progress Update on Round One Competition

Round one competition has successfully ended with the award of grants on matching fund basis to four companies.

1.Zeepay Ghana Limited

2.PayInc Ghana Limited

3.expressPay Ghana Limited

4.DreamOval Limited

The total amount in grants awarded to the four (4) companies (three FinTechs and one Money Transfer Operator) under Round one competition is US$ 750,000.00.

Induction of the four grantees was completed on Tuesday, 20 March 2018.

Signing of grant agreements was done in March 2018 followed by first installments disbursement in April 2018.

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Round Two Competition

Technology and Financial Innovation: Round 2 Competition opens on 31 August 2018. This round focuses on innovative technology concepts aimed at improving remittance processes alongside innovative remittance-backed financial products capable of inducing investment behavior in both remittance senders and receivers.

 

Information Session: Information session takes place on 31 August 2018 at Golden Tulip Hotel in Accra. This event kick-starts Round Two competition. At the session, particpants will hear how the Fund works, engage with experts promoting technology and financial innovations, and learn how their organisation can apply for financial support. 

Acceptance of Concept Notes closes at midnight GMT on 21 September 2018.

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