Nigeria’s digital bank ALAT by Wema has opened application entries for the fourth edition of its hackathon program, with the theme, “Hackaholics 4.0 ‘Re-imagine’.
Announcing the commencement of entries for the program, the bank’s executive director, Digital services, Mr. Tunde Mabawonku said that just as the bank is constantly innovating by refining banking with ALAT, it is also poised to help individuals and organizations to innovate to make the country better.
In his words,
“Just as we redefined experiential banking with ALAT, Hackaholics is at the heart of our innovative project for startups. We are poised to host the largest campus hackathon this year. As we plan the next eight decades of Wema Bank, we need to innovate and help encourage others to innovate. We try to get the best and brightest and give the country ideas on how to transform our organizations to become world-class”.
Also speaking on the commencement of this year’s edition, the bank’s Chief Digital Officer Mr. Olusegun Adeniyi said the bank has successfully disrupted the digital banking ecosystem by producing the first digital bank and creating unique experimental banking with ALAT. He added that the hackathon program has been driven by the mindset of innovation.
This year workaholics 4.0 was launched with a push to bring together 10,000 young innovators from across Nigeria as well as Africa, with a mission to investigate the endless possibilities in emerging technologies while utilizing its neo-bank proposition to significantly expand the student and youth eco-system.
The bank plans to produce 5,000 solutions, create six pitch centers, and have almost one million footfalls during the campaign. For this year, the winner takes home N3,000,000 First runner-up N2,500,000, and Second Runner-up N1,500,000.
To cover more grounds regarding societal problems, this year’s Hackaholics edition is expanding its scope and exploring more verticals, which include Education, Climate, civic tech, Insurance, GovTech, Health, Gender-Based Violence, Fintech, Financial Inclusion, and Entertainment.
Participants can be part of this year’s Hackaholics 4.0 by registering on the website, to Join a diverse group of problem-solvers, developers, designers, and creative thinkers at this year’s edition to make a difference.
Application Process
Steps to follow
- Click register now on the workaholic’s website
- Input your solution details and information
- Input your team members’ details
- Submit your application and await your email.
Benefits Participants stand to gain
Hackaholics is a great opportunity for participants to learn and experiment. They stand to benefit from the following ;
- Grand to build/ scale solutions
- Support for product and integration
- Visibility for your team/ solution
- Access to community of founders
- Coaching/ Mentorship for founders
- Learn from renowned industry expert
Investors King understands that as a way of honoring its commitment to inclusivity, women-led teams will be given recognition and rewards in this year’s edition.
