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Ugandan micro-pension service and e-wallet platform Four One Financial Services has won the Best Catapulter Award from Catapult: Inclusion Africa, a bootcamp on financial inclusion organised by the Luxembourg House of Financial Technology (LHoFT) Foundation.
In a statement today (20 November), the LHoFT Foundation said Four One Financial Services founder Livingstone Mukasa’s final pitch — which focused on pioneering innovations in social security for Uganda’s citizens — had “captured the imagination” of the expert jury at a final pitch session and networking event held on 9 November when the programme concluded.
Mukasa (pictured above) received €5000 prize money and entry into the 2019 African Microfinance Week.
Four One Financial Services is one of nine African startups that participated in the Catapult: Inclusion Africa bootcamp
The jury was presided over by Claude Faber, the deputy director for development co-operation at Luxembourg’s Ministry of Foreign and European Affairs.
The jury also included ADA senior project manager Arnaud De Lavalette, PwC Luxembourg partner and corporate responsibility leader Valérie Arnold, KAP founder Benjamin Deransart and Women’s Investment Club co-founder Thiaba Sy.
Four One Financial Services is one of nine African fintech startups selected for the bootcamp. In 2016, Mukasa founded Uganda’s first micro-pension service and the Mayicard platform which provides access to healthcare insurance and other savings products.
Building on local expertise and aligned with the sustainability goals of Luxembourg’s finance centre, Catapult: Inclusion Africa targets fintech companies that aim to help increase financial inclusion in Africa. In addition, the bootcamp also aims to build bridges for business between Africa and Europe.
A total of 14 fintech startups were selected from 128 applicants. The LHoFT Foundation said only 11 were able to attend its programme which covered a range of topics including business model mapping, scaling strategies, peer due diligence processes, investability, business plan presentation, legal strategy, HR policy, marketing strategy, and more.
Featured image: Four One Financial Services founder Livingstone Mukasa at the CATAPULT: Inclusion Africa bootcamp in Luxembourg (Supplied)