Hello Paisa, an offering from leading service provider Hello Group was announced as a finalist for the 2016 Innotribe start-up Challenge Africa, reinforcing Hello Groups’ commitment to transforming and building the future of the financial industry. Hello Paisa is an international mobile remittance service that allows people to make cash transactions with people from across the globe.

The challenge which is running for the third consecutive year, sets the pace for the local and global agenda in the fintech space, and serves as an opportunity for knowledge sharing and engaging with industry counterparts. The 12 finalists announced will pitch new products in Mauritius on 18 May, during the SWIFT African Regional Conference.

Hello Group were shortlisted from 89 applications in total and judges measured the applicant’s ability to provide a pioneering innovation for the future of the financial industry.

“Africa has a wealth of knowledge and we should not just be influenced by global trends but lead in setting the agenda on a global platform,” says Hello Group CEO, Nadir Khamissa.

The Startup Challenge is a valuable platform as it recognises the importance of creating a sustainable industry. The successful semi-finalists will each receive complimentary coaching sessions with seasoned entrepreneurs who will give them sound advice ahead of the formal pitches in Mauritius.

An enriching involvement will see the best three final start-ups being invited to Sibos, SWIFT’s annual global financial services conference, taking place from 26-29 September in Geneva. Here the successful three finalists will have the opportunity to engage with fintech experts, sharing their innovative insights, and in addition they will receive a 10,000 USD cash prize each.

Hello Group Chief Commercial Officer, Ahmed Cassim says, “We are honoured to be part of this tremendous platform amongst game changers, and believe as an organisation, we can contribute to advancing the industry.”

Issued by Ogilvy PR on behalf of Hello Group: Media Queries :
Cheryl Reddy, Business Director: Ogilvy PR
Office: +27 11 709 6741
Mobile +27 (0) 79 881 2417
E-mail: Cheryl.reddy@ogilvypr.co.za

Nadir Khamissa, Chief Executive Officer: Hello Group
Office: +27 12 643 0281
Mobile: +27 82 777 7875
E-mail: nadir@hellogroup.co.za