Loystar has emerged winner of the first Arise pitch competition that happened in Lagos on October 14. This win sees them receive a seed investment of N1 million, with the percentage equity to be agreed upon at a future date.
Earlier this month, investment group, Arise announced its first pitch competition for fintech startups who are looking for early stage investment. Six startups were selected for the final pitch where they were given 5 minutes each to convince the panel of judges.
Winning startup, Loystar is an app that helps businesses build a simple, and easy way to reward their loyal customers. They already have a considerable customer base with brands that cut across various sectors like food, hair and beauty, fashion and e-commerce.
The five other startups that made the Arise pitch shortlist and competed against Loystar at the finals are: AwoofBox, myphotographr, PayConnect, Bolt Financial Solutions, and Househelp.ng.
Source: Disrupt Africa.