Dipo Olowookere
By Dipo Olowookere
As part of its commitment to accelerate seeding funding and investments in Nigeria’s fintech environment, a prominent development investment bank, DLM Capital Group, has introduced a fintech pitch competition.
The contest, majorly for Nigerian tech innovators, is called the Pegasus Fintech Challenge and will be executed in partnership with a top tech accelerator, African Fintech Foundry.
The debut competition is organised through the digital banking subsidiary of DLM Capital, Sofri, and it is open to all fintechs operating in Nigeria.
A statement from the organisation said interested participants will have to submit applications by sending details of their product as well as a demo to https://mypitch.dlm.group/ before June 18, 2021.
It was further disclosed that selected nominations will participate in a pitch event wherein the top 3 challengers will be selected and awarded.
Commented on the initiative, the Head of Corporate Communications and Marketing at DLM Capital, Ms Chinwendu Ohakpougwu, said it is an opportunity for the firm to showcase its readiness to supporting the expansion of Nigeria’s fintech ecosystem.
“As Nigeria’s fintech ecosystem rapidly expands and transforms, DLM Capital Group and Sofri are well-positioned to make impactful footprints in the industry.
“We encourage Nigerian fintech start-ups to apply to the Pegasus Fintech Challenge,” Ms Ohakpougwu was further quoted as saying.
On his part, the VC and Incubation Head at Africa Fintech Foundry, Mr Oluwaseyi Balogun, stated that his organisation “entrenches its lead in the fintech ecosystem as it partners with DLM Capital Group on its fintech challenge to serve as a silver lining for start-up funding amidst local fundraising setback prevalent in the start-up ecosystem.”
