Page 10 - Noble Magazine: November-December 2020

FINANCIAL SERVICES

Business Continuity

three innovative solutions for support, access in the Letshego Group of Companies
mentoring and opportunities to transform the throughout Africa.”
entrepreneur’s future growth potential into a
reality. At the end of the Pitch Session, the panel
of judges comprising select executives from
Prior to the commencement of the Pitch Session, Letshego’s Botswana office and its markets
Letshego’s Group Chief Executive, Andrew across Africa commended the entrepreneurs
Okai, said the Group remains committed to on their outstanding submissions and creative
developing a relentless innovation culture concepts. The top three nominations for
on its journey to create a world-class retail Letshego / BIH Pitch Day innovation were
financial services organisation. awarded as follows:

“We aim to achieve this by leveraging digital Position 1: Kwiky represented by Titose
innovation, strategic partnerships and Chembezi - Awarded P30,000 prize money.
eco-system thinking to enhance customer Kwiky is a Business to Business to Consumer
experience and increase access to simple and (B2B2C) solution that facilitates access to
appropriate financial solutions for emerging financial services for the underbanked by
market consumers across the Group’s accessing mobile phone and mobile wallet
11-country footprint. Our partnership with transaction data from various data points
Botswana Innovation Hub is a valuable way including parastatals, research agencies and
BIH CEO Alan Boshwaen
that Letshego can support local technology onboarding ‘Know Your Customer’ (KYC)
innovation by providing financial support, documentation, integrating this concept into
business expertise and potential introductions a comprehensive credit risk framework to
within our existing network. Our ambition is support financial services.
to use our strengths and expertise to enable
entrepreneurs to expand their growth and Position 2: Digital Diamond represented
income potential. Letshego strongly believes by Mthabisi Bokete - Awarded P15,000 prize
that, through effective partnerships, we can money. Digital Diamond is a free online
grow our collective potential exponentially,” and offline instant identification application
said Okai. that supports the financial services sector, to
Our partnership facilitate KYC and credit applications across
with Botswana Okai noted that entrepreneurship and geographical borders.
Innovation Hub innovation are the most important elements Position 3: PCG Software represented by
of today’s emerging economies globally. “Our
is a valuable purpose is to bridge the gap for entrepreneurs Letsibogo Ramadi - Awarded P10,000 prize
way Letshego between securing sustainable financial money. PCG Software is a digital solution
can support solutions that unlock growth and income firm specialising in tailor-made mobile
local technology potential, without hindering future growth. development and web-based projects.
innovation “Digitisation is also another key enabler – not PCG Software has developed ‘Mogwebi
by providing only in today’s pandemic conditions – but also CyberPlaza,’ a virtual networking and trade
in creating successful future organisations.
platform that connects businesses to an
financial support, Letshego has just announced our unlimited online audience to support business
business expertise transformational strategy that is underpinned continuity, especially as we manage through
and potential by digital innovation. Innovation that aims to the COVID-19 pandemic.
introductions deliver greater value and benefits well into the
within our existing future – for our people, our customers and our The winning solutions will work with the
strategic partners.”
partners to manage subsequent development
network. of the proof of concepts. This will include
Botswana Innovation Hub Chief Executive innovation sprints sessions and hackathons,
Officer and host, Alan Boshwaen, said the leveraging Botswana Innovation Hub’s tried
Pitch Session was unique as it showcased and tested innovation management framework
public and private sector collaboration in to either support Letshego directly, or the
action. “It is also unique because it does not economies and communities where Letshego
only incentivise the winning start-ups, but it operates across Africa.
introduces them to an opportunity to access
structured products at Letshego and market
10 Noble Magazine // November - December 2020