• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

Five Fintechs To Battle Out For Co-operative Bank’s Sh 5 Million Innovation Challenge

Kenyan Business Feed by Kenyan Business Feed
Share on FacebookShare on Twitter

Five local fintechs are set to battle it out for a Sh500 million cash prize and an opportunity to integrate and launch their innovation with The  Co-operative bank

The fintechs have additionally been undergoing a 5-week co-development and co-design program.

After This, a virtual demo event will be held to further select one or more winners.

The shortlisted candidates; Awamo 360 Kenya Ltd, Herufi Technologies Ltd, Jamborow Ltd, Smart Matatu, and Chamasoft Ltd were selected.

They were selected by a panel of evaluators from a list of over 500 applicants.

The challenge will enable the bank to identify and partner with innovators who can rapidly develop solutions.

It is supported by the International Finance Corporation (IFC)

The solutions should be able to build value for Co-operatives and enable them to service their member’s demands more efficiently.

The new innovations will also give cooperatives a competitive edge and strengthen their resilience in the rapidly changing financial landscape in Kenya.

The changes are particularly in light of the myriad challenges occasioned by COVID-19.

The Co-operative Movement in Kenya is the largest in Africa according to The Star.

It is among the top 10 globally, with over 22,000 registered Co-operatives and over Sh600billion in savings.

Co-operatives, moreover,  play a major role in all the key sectors of the economy including Education, Agriculture, Housing, as well as transport.

It employs more than 500,000 people besides providing opportunities for self-employment to many more.

The Bank’s Director of Co-operatives Banking Vincent Marangu noted that the growth trends of cooperatives in Kenya indicate a great opportunity for them to offer valuable services.

These services should be offered to existing and potential new members.

The members’ demand for more and better services should have grown in line with the digital revolution.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Kenyan Business Feed

Kenyan Business Feed

Recommended.

Rising food prices push inflation to 12-month high

April 30, 2019

SRC to sue over MPs’ hefty house allowance

May 15, 2019

Subscribe.

Trending.

Tourism CS Rebecca Miano joins Samburu leaders at the Maralal Camel Derby, which draws 30,000 visitors and boosts cultural tourism in northern Kenya.

Maralal Camel Derby Draws 30,000 Visitors as Festival Anchors Samburu on Global Tourism Map

September 28, 2025
Tourism CS Rebecca Miano commissions a new TRA fleet to expand inspections and regulatory oversight in Kenya’s tourism sector.

New TRA Fleet Commissioned to Expand Inspections and Enforce Compliance Nationwide

September 28, 2025
Kenyans to enjoy free entry to all national parks on World Tourism Day as government promotes conservation and domestic tourism.

Free Entry to National Parks Announced for World Tourism Day as Sector Pushes Sustainability Agenda

September 28, 2025
US officials claim Iran mistakenly shot down Ukraine plane

US officials claim Iran mistakenly shot down Ukraine plane

January 9, 2020
KRA must bring digital economy into tax net

KRA must bring digital economy into tax net

June 12, 2019
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1804 shares
    Share 750 Tweet 439

Recent News

Tourism CS Rebecca Miano joins Samburu leaders at the Maralal Camel Derby, which draws 30,000 visitors and boosts cultural tourism in northern Kenya.

Maralal Camel Derby Draws 30,000 Visitors as Festival Anchors Samburu on Global Tourism Map

September 28, 2025
Kenyans to enjoy free entry to all national parks on World Tourism Day as government promotes conservation and domestic tourism.

Free Entry to National Parks Announced for World Tourism Day as Sector Pushes Sustainability Agenda

September 28, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF