Stand a Chance to Win N2 Million in the Cashless Lagos Hackathon

The Lagos State Employment Trust Fund (LSETF), through its Lagos Initiates Project, in partnership with VISA West Africa, Ventures Garden Group and Passion Incubator is set to hold a financial-focused hackathon called the “Cashless Lagos Hackathon”.

We have partnered @Visa, @lagosinnovates & @VentureGardenNG to launch the Cashless Lagos Hackathon, a 3-day hackathon aimed at creating tech-based financial solutions to help MSMEs carry out daily cashless transactions. Winner gets ₦2million. Apply Now: https://t.co/LSLso8yyXU pic.twitter.com/am2CmOmMxg

— Passion Incubator (@P_Incubator) July 28, 2018

Related Post: #SecureLagosHackathon: Team LSFlow Emerges Winner in the LSETF Competition

The three-day hackathon, which will run from August 31st – September 2nd, 2018, will be focused on creating new innovative technology-based financial solutions that will help Micro, Small and Medium Entreprises (MSMEs) in Lagos carry out daily cashless transactions with ease.

The hackathon is open to developers (teams or individuals) or anyone who has a well-thought innovative idea on how to best digitize payments for MSMEs in Lagos.

@lagosinnovates, @VisaNigeria, @P_Incubator and @VentureGardenNG have teamed up to launch the Cashless Lagos Hackathon in search of tech-based financial solutions to help MSMEs perform cashless transactions. Winners get ₦3.5 million in prizes. Apply now https://t.co/52npxhQp0f pic.twitter.com/njfyEeoijs

— Leadspace (@TheLeadspace) July 28, 2018

To serve as support to winning teams, up to ₦3.5 million is up for the grabs with ₦2million going to the winning team/individual that presents the brightest idea, while 1million and ₦500,000 will go to the second and third place winners respectively.

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With Lagos being the commercial capital and tech hub of Nigeria as well as one of the hotspots for startup businesses in Africa, it only makes sense that the Government is making it a top priority to key into the trending digital innovation of cashless transactions, thereby transforming it into a truly cashless megacity.

Entries for the Cashless Lagos Hackathon are free and currently open. So, if you are a developer or have an idea on how best payments can be digitized for MSMEs, click here to apply

This is the second edition of the Lagos Initiates hackathon, with the first focused on security, making sure that the city is safe and secure for its residents.