Bettr, the South African virtual banking platform, was crowned as Sub-Saharan Africa’s second most promising startup at the TechCrunch Startup Battlefield in Lagos.
The FinTech startup is set to launch in 2019.
After the success of the 2017 event in Nairobi, Kenya, the Lagos event was the second TechCrunch Startup Battlefield to take place in Sub-Saharan Africa.
This time around, the organisers reviewed hundreds of African startups to arrive at a list of 15 semi-finalists.
With TechCrunch Startup Battlefield’s 2% acceptance rate, it was stated by one of the organisers that it is easier to get into Harvard.
“We came as a small team. The process was intense. The level of performance required to compete I’d compare to the training of an Olympic Athlete. Every company at this event deserved to win. They are world-class innovators solving real human problems.,” Tobie Van Zyl, Chief Innovation Officer of Bettr, said.
“We came as competitors, and we have left with friends from 15 different countries, Lagos contacts and a community that wants to see us expand here next.”
Each company was given 6-minutes to pitch and share a live demo to a sold-out venue and panel of judges.
Tobie Van Zyl delivered a thought-provoking presentation, commenting on the shortcomings of the traditional banking industry and how Bettr will reinvent this ‘broken system’.
Andrzej Stempowski (Chief Technical Officer) conducted a live demonstration, showcasing how an account can be opened using only a South African identification document.
But M-SCAN, a Ugandan startup that develops portable mobile ultrasound devices (Ultrasonic probes), was crowned as Sub-Saharan Africa’s most promising startup.
“Being ranked amongst the top 15 startups on the continent is a great achievement for us. Coming in second is an absolute honour when you’re competing at this level of innovation,” said Andrzej Stempowski, Chief Technical Officer of Bettr.
Bettr is a virtual banking platform powered by your smartphone and a transactional card.
Together with their community, the Cape Town-based team believe they are co-creating a financial future for all.
The startup is set to launch their product to the public in 2019, hoping to give South Africa’s unbanked access to financial empowerment like never before.
At the centre of the new banking platform will be the Bettr Network, connecting people to opportunities and choice.