PayConnect has been selected to represent Nigeria at the 2016 Slush Global Impact Accelerator (GIA) Program holding from November 22 to December 2, 2016, in Helsinki, Finland.
Slush Global Impact Accelerator is a program created in collaboration with the Finnish Ministry of Foreign Affairs and multiple partners globally. The program aims to support startups that are looking to solve some of the most pressing global challenges and includes online pre-event coaching and Helsinki boot camp program.
The local selection event in Nigeria was organised in August by Ventures Platform where PayConnect, CashMadam and Mobile Forms emerged as finalists. PayConnect was then selected by Slush GIA as the best of the three.
PayConnect is an online lending platform that lets salary earners receive loans within 24 hours without collateral. Applicants receive the loans in their salary accounts after approval and are expected to repay the loan within the stipulated time. PayConnect aims to address the obstacles to receiving loans for low to medium salary earners.
It’s a great time to be PayConnect. Just last month, they were accepted into Ventures Platform’s hybrid incubation program and now they are going to Finland.
