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DataHack4FI Season 3

The DataHack4FI Innovation Competition promotes the use of data and data analytics to solve challenges experienced by individuals or communities. The competition encourages Pan-African collaboration by creating opportunities for data enthusiasts and emerging tech companies to partner in developing solutions that address local financial and economic inclusion-related
challenges. A clear but succinct description of the financial and economic inclusion-related business challenge an emerging tech company is intending to address. The business challenge should outline; what the problem is, who the problem affects, where the problem is occurring, when the problem occurs and why it is essential to solve.


Building on the previous seasons of the competition, Season 3 of DataHack4FI, serves as a platform for each participating team to showcase the
solution A service or product that addresses a financial and economic inclusion-related business challenge. DataHack4FI Season 3 solutions must represent a newly developed product/service or an enhancement of existing offerings.
they develop to potential investors, partners and clients (while vying for the overall cash prize). Data enthusiasts and emerging tech companies from Ghana, Kenya, Nigeria, Rwanda, South Africa, Uganda and Zambia are invited to .


Competition format

Participating tech companies will be paired with a data enthusiast and these teams will have access to mentorship from data science and business experts during the competition. Teams will need to engage with relevant data to design innovative products/services, which will be judged during the in-country finals.

The most promising teams will progress to the second stage of the competition, where they will showcase their prototype solutions to the judges at the Grand Finale.

The overall DataHack4FI Season 3 winner will be selected based on:

  • Engagement with data science in solution design
  • Viability of the business
  • Potential impact in terms of financial and economic inclusion


DataHack4FI prizes

  • In-country winners each receive US$ 5,000 in seed capital
  • In-country winners + runners-up are sponsored to attend Grand Finale
  • Grand Finale winning team receives US$ 25,000 in seed capital
  • Certificate of participation awarded to paired data enthusiasts

Only applicable to data enthusiasts

Season 3 requirements
      (1) 18 to 35 years of age
      (2) Currently studying towards, or completed, a bachelor’s degree (Subjects: mathematics, statistics, computer science, finance, economics, data science or a related field).
      * Applications of applicants below the age of 18 who are confident in their abilities will be considered.
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Only applicable to emerging tech companies

Season 3 requirements
      (1) Must be a registered tech business
      (2) Must be an emerging company that is based in one of the DataHack4FI countries and has a tech solution in the market. The company must be keen to use data to make its products/services more inclusive
      (3) Must already have generated data that enables the development of new or improved products/services aimed at advancing financial and economic inclusion
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Partners

Mastercard
Microsoft
Liquid

Supporting partners

Innovation Hubs

Nairobi
Innovation Village
BongoHive
Leaper
Klab
Klab

Financial sector deepening

sponsor
sponsor
sponsor
sponsor

Education

sponsor
sponsor
sponsor

Private Sector

sponsor

Ghana

Accra

Kenya

Nairobi

Nigeria

Lagos

Rwanda

Kigali

South Africa

Cape Town/ Johannesburg

Uganda

Kampala

Zambia

Lusaka

From insight2impact

24 Aug, 2018 by Insight2Impact

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DataHack4FI Rwanda winners, AgriGO, aims to tackle financial vulnerability of smallholder farmers.

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ZedCredit: Sentiment analysis in the design of womens savings solution

ZedCredit from Zambia provides access to savings, loans and a credit score via their mobile app.

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Participant Feedback

DataHack4FI forced us to actively engage with savings groups. We had made a number of assumptions that were not aligned with their needs, but demand side data allowed us to design a better solution"

ZedCredit - Zambian Fintech (Season 2)




The competition has pushed me to continually develop my data science skills and has inspired me to pursue a career in data science"

Khadija Mahanga - BizfundiTanzanian Data fellow (Season 2)




The balance and engagement of the data fellow and data expert was perfect—both were equally valuable to the process"

WazInsure Kenyan Fintech (Season 2)