Nigerian fintech startup Regxta has emerged victorious in the fourth edition of the Pitch2Win competition, securing a substantial reward of US$10,000 in funding without equity requirements. Additionally, the startup has earned a fully-funded opportunity to attend IVS2024 in Kyoto, recognised as Japan’s premier conference for startups.
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Pitch2Win Competition Details
The Pitch2Win competition, an initiative spearheaded by Techcircle and supported by Freakout, SGverse, and SGgrow, held its fourth annual edition on June 12. This year’s event featured a lineup of 15 innovative startups, each presenting their business concepts before a panel of distinguished judges and investors.
Regxta’s Winning Concept
Among the competitors, Regxta stood out and clinched the top spot. Established in 2021 by the entrepreneurial trio of Rukayat Bello, Afis Bello, and Moses Obika, Regxta aims to bridge the financial inclusion gap by providing a user-friendly digital platform. This platform is designed to facilitate convenient and rapid access to financial services for those without traditional banking support, specifically targeting individuals and small-scale businesses in rural and semi-urban areas throughout Africa.
Achievements and Impact
Regxta’s innovative approach and commitment to financial inclusion resonated with the judges, earning the startup the top prize. The US$10,000 funding will enable Regxta to develop its platform further and expand its reach, making financial services more accessible to underserved communities. The opportunity to attend IVS2024 in Kyoto will also provide valuable exposure and networking opportunities with global leaders in the startup ecosystem.
Other Highlights from Pitch2Win
Another notable achievement at the event was the “Sponsors’ Choice” award, which was bestowed upon Preggify, a startup specialising in pregnancy care services. Preggify also received the privilege of an all-expenses-paid trip to the IVS2024 conference in Kyoto, marking significant recognition of their innovative approach to maternal care.
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Future Outlook
Regxta’s victory at Pitch2Win highlights the growing potential of African fintech startups to drive financial inclusion and innovation. By addressing the unique challenges faced by individuals and businesses in rural and semi-urban areas, Regxta is poised to impact Africa’s financial landscape significantly.
The Pitch2Win competition is a crucial platform for showcasing and supporting innovative startups, providing them with the resources and opportunities needed to thrive. As Regxta prepares to attend IVS2024 in Kyoto, the startup community eagerly anticipates the further advancements and successes this dynamic company will achieve.