Rwandan start-up ‘GO Company’ on Wednesday won $5000 award in Data Hack4FI, a competition about using data to develop a solution for financial inclusion and how technology can help farmers in rural areas.
The competition is organised by Insight2Impact, a South African-based organisation. The event took place in the Kigali Convention Centre.
After winning among 6 other start-ups who also pitched their projects, founder and CEO of GO Ltd. Dioscore Shikama expressed gratitude for the trust and support that people have shown them and promised that the company will continue to strive for the betterment of farmers.
“Thanks to people who believe in us and support us. We dedicated our mission for financial inclusion, working hard to make it possible for farmers to access monthly income, not just seasonal cash which gives bad deal to farmers,” Shikama tweeted.
During the competition, GO pitched a mobile telephone application that they developed to assist farmers increase productivity and profit.
AgriGO is an agritech advisory organisation aiding access to a monthly income rather than on a harvest-to-harvest (biannual) basis.
GO Ltd believes that regular access to finance allows more confidence when negotiating for better crop deals.
Other five projects that were presented in the competition are: U+, EWAWE, EXUUS, MILSPORTS and SPIDERBIT.
Few things you need to know about the pitched projects.
AgriGO: Aids in access to a monthly income rather than on a harvest-to-harvest (biannual) basis. Regular access to finance allows more confidence when negotiating for better crop deals.
EWAWE: Connects home seekers with banks, facilitates mortgage applications. Using a mortgage calculator, users can choose the best loan offer from a specific bank in Rwanda.
EXUUS: Data management platform than enables savings groups to handle savings group data plus Rwandan financial sector data adequately, sustainably for policy and decision making. Exuus platform also allows members to loan among themselves, individual credit score available for each member.
MILSPORTS: Bookmarking and prediction company that collects data, analyses and dissects it into fair betting odds. It also predicts probable winning bet slips and a portion of the winnings is deposited into a savings account.
SPIDERBIT: Developed a platform that connects farmers to buyers, creating a digital market place. The platform includes market prices for agricultural commodities. The platform currently has 9763 sellers (farmers) and 95 agro-dealers.
U+: Since making top 3 in season 1 DH4I, U+ has grown from UPlus savings groups to UInvest for youth. Making data-driven decisions for new product developed based on app usage data.