Wema Bank unveils top 10 finalists for Hackaholics 5.0, set to battle for N75m prize package

Wema Bank has announced the top 10 finalists for Hackaholics 5.0, a youth and startup-focused hackathon.

The finalists were selected from over 3,500 applications received during the campus tour, which kicked off on April 18th, 2024.

The top 10 finalists, who will battle for a share of N75,000,000 worth of prizes, are: University X, Empayment AI, BloomBeauty, Aceede, Fegor, Northino, Nimsy, MyTherapist, GbalePrime, and MyItura.

The Hackaholics 5.0 Grand Finale, scheduled for Wednesday, November 27, 2024, will see the finalists pitch their innovative ideas in agriculture, finance, education, healthcare, sustainability, and artificial intelligence.

The theme of the grand finale is “Meta Idea: Catalyzing Africa’s Growth Through Innovation”.

The prize package includes N30 million worth of prizes for the grand prize winner, N20 million worth of prizes for the first runner-up, N15 million worth of prizes for the second runner-up, and N10 million worth of prizes for the top women-led team.

Chief Transformation Officer of Wema Bank, Babatunde Mumuni expressed his anticipation for the grand finale event, stating that Hackaholics embodies Wema Bank’s commitment to driving innovation and fostering youth empowerment.

“Hackaholics not only underscores the role of technology and entrepreneurship in addressing Africa’s macroeconomic challenges and accelerating its socio-economic progress, but also takes the important step of providing a platform and enabling environment for this technology and entrepreneurship to thrive,” Mumuni said.

The Hackaholics 5.0 Grand Finale promises to be an exciting event, with the top 10 finalists set to showcase their innovative ideas and compete for the top prizes.