Emata, the Ugandan Fintech specialisingized in farmer financing solutions in Africa, was rewarded at the end of the LHoFT’s digital financial inclusion bootcamp.
Emata, a Fintech based in Kampala (Uganda), which gives African farmers access to digital and affordable financial products, has recently won the Best Catapulter Award, during the 2021 edition of CATAPULT: Inclusion Africa, a 10-day bootcamp organized by the Luxembourg House of Financial Technology (LHoFT).
For the bootcamp, 14 Fintechs were selected from 163 applications coming from 29 different countries. The sessions covered a range of topics, including business model mapping, investment readiness, funding and capital raising, social impact, scaling strategy, building teams, operational management, and pitch development.
African investors’ support
The 14 ventures were supported by investors operating in Africa such as Bamboo Partners, TLG Capital, ZedCrest Capital, Rising Tide Africa, Outlierz, Angaza Capital, Anza Capital, Baobab Group, Beyond Capital, Advans, CRE VC, DRK Foundation, AfricInvest, Triodos Capital, Sherpa Africa Partners, and others.
The bootcamp culminated with an online final pitch session gathering all the partners and supporters of the program, an audience of 100 spectators, where each company delivered their final pitches, leveraging the input they had received from the program partners, experts and mentors over the course of the 10-day bootcamp.
The jury included Laura Foschi (Executive Director at ADA), Thomas Lammar (Secrétaire de Légation at Ministry of Foreign and European Affairs, Luxembourg), Saad Sheikh (Principal Investments at TLG Capital), Robin Newnham (Head of Policy Analysis and Capacity Building at Alliance for Financial Inclusion, AFI), Benjamin Fernandes (Founder and CEO of NALA), and Nasir Zubairi (CEO of the LHoFT).
The award was announced at the end of the pitching ceremony on 27 May.
— Luxembourg House of Financial Technology (@The_LHoFT) May 27, 2021
Emata received €5,000 in prize money, and, thanks to the ADA, a free entry and accommodation to attend the upcoming “African MicroFinance Week” in October 2021. All the 14 Fintechs participating in the bootcamp received a one-year free membership at the LHoFT.
Founded in Kampala, Uganda in March 2017, with the goal to make farmer financing simple, available and affordable, Emata is a spin-off of Laboremus Uganda a fintech. The company started lending to farmers in February 2021.
The online 10- days bootcamp was organized and delivered by the LHoFT Foundation, sponsored by the Ministry of Foreign & European Affairs – Directorate for Development and Humanitarian Affairs, and supported by the Alliance for Financial Inclusion as well as key strategic partners such ADA, InFine, the European Investment Bank, the University of Luxembourg, CGAP, KPMG Luxembourg, Compellio, MoBerries, SocGen Luxembourg, Luxembourg For Finance, the Social Performance Task Force, the Luxembourg Africa Investment Association, Contextual Solutions, ACRC, F6S, among others.