Just yesterday FinChatBot, one of our proprietary start-ups, was nominated to take part in the Startup Challenge Africa. This event brings 10 innovative FinTech companies to compete in front of hundreds of professionals from all over Africa. We are extremely excited for our team as over 100 applications were submitted from 16 countries. The selection process involved 100 judges as well as Innotribe, which has been running competitions in the financial industry since 2009.
Startup Challenge Africa
This event is part of the annual SWIFT conference which will take place from May 16th in Abidjan, Ivory Coast. The purpose of the event is to bring industry experts together to discuss the future of the African financial space. This encompasses various subjects from FinTech companies and their place in the economy to cyber-criminality issues. Over 500 individuals representing more than 45 countries will attend making this conference a golden opportunity for both start-ups and corporates to create bonds and reshape the continent together.
FinChatBot has been doing great recently! Just last month our start-up took away first place the 500 Startups & Geeks-On-A-Plane pitching event in Cape Town, winning $1000. Additionally, the team has been advancing at an outstanding pace, gaining more traction and building more bots! We are extremely proud of the progress the FinChatBot team has made, and are hopeful for the upcoming competition in Abidjan, Ivory Coast!
Our first portfolio start-up has created a chatbot platform. Powered by artificial intelligence, the bot assesses customer queries on an instant messaging platform, available 24 hours a day, 7 days a week. The added-value is an increased conversion rate and reduced CRM costs for financial institutions. Developed bots can be integrated on any website and follow all marketing and design guidelines. The objective is to best communicate a brand image and its values through an interactive interface. The start-up has gained traction as some of its clients are top insurance companies operating in South Africa.