Regxta emerges winner of PITCH2WIN4 startup competition
Preggify emerged as the sponsors' choice, winning an all-expense-paid trip to IVS2024 in Kyoto.
Regxta has emerged the winner of the fourth edition of the Pitch2Win startup competition, bagging a prize of $10,000 in equity-free funding and an all-expense-paid trip to IVS2024, Kyoto, Japan's largest startup conference.
Regxta is an inclusive digital platform that offers quick and easy access to financial services for unbanked individuals and micro-businesses in rural and peri-urban communities across Africa. Founded in 2021 by Rukayat Bello, Afis Bello, and Moses Obika, Regxta aims to bridge the financial inclusion gap in these communities.
At the event on June 12, Rukayat Bello, Co-founder of Regxta, delivered a brilliant and energetic pitch before a panel of judges consisting of Tosin Faniro-Dada, Partner at Breega; Yuzuru Honda, President and Global CEO of Freakout Holdings; Lynda Saint-Nwafor, Chief Enterprise Officer at MTN Nigeria; Hiro Mashita, Director at SGgrow; and Ireayo Oladunjoye, Managing Director of Endeavor.
Rukayat's pitch showcased her heart and passion, impressing both the judges and the audience. Her energetic presentation earned her a round of applause, laughter, and cheers from the crowd. One of the highlights of her pitch session was her response to Tosin Faniro-Dada's question about how Regxta stands out. Rukayat responded with, "Our direct competitors are traditional microfinance banks, which are very bureaucratic in their processes and take up to two weeks to one month to disburse funds to customers. Our customers receive money immediately, within five minutes. They don't need to queue, and we don't need to pack them like sardines just because they want to get loans."
In typical Pitch2Win fashion, an additional prize was announced on the day: “the Sponsors’ Choice”. Preggify emerged as the sponsors' choice, winning an all-expense-paid trip to IVS2024 in Kyoto. This was announced by Hiro Mashita, Director of SGgrow. Preggify, founded in 2022 by Ifunanya Igweze and Temitayo Daniel, offers 24-hour doctor-led care for pregnant women.
Top Five (5) Finalists (Alphabetical Order)
- Acceede, a flexible payment platform for schools, founded in 2022 by Timilehin Adeoye and Emmanuel Adeboje.
- Bunce, a data-driven engagement platform enabling businesses to grow what is most important - revenue and customer retention founded in 2021 by Paul Ayuk and Oluwadamilola Soladoye.
- Eight Medical, a network of pre-hospital care professionals that provide urgent and emergency care when it matters most, was founded in 2021 by Ibukun Tunde-Oni.
- Regxta, an inclusive digital platform that offers quick and easy access to financial services for unbanked individuals and micro-businesses in rural and peri-urban communities across Africa, founded in 2021 by Rukayat Bello, Afis Bello, and Moses Obika.
- Trade Lenda, a digital financial service providing credit to online and offline MSMEs in the supply value chain sector in Nigeria, founded in 2021 by Adeshina Adewumi and Oluwatosin Ayodele.
Other Finalists (Alphabetical Order)
10mg Pharma uses AI to foster a chronic pain-free Africa, offering discounted meds and a data-driven KYC system that allows healthcare providers to access collateral-free, low-interest loans, reaching underserved communities. It was founded in 2022 by data-driven Christian Nwachukwu and Odianosen-Joy Peter
Apisentry Solutions is a unified and advanced AI-powered API security solution that is the first to consolidate different security products into one solution, and using AI modelling can detect non-signature-based vulnerabilities. It was founded in 2023 by Sylvia Onwukwe and Emmanuel Ezehiwele.
Beezop, founded in 2021 by Charles Dairo, Marieanne Atim and Hope Uwa, automates employee training and management.
Edusko is a one-stop solution that matches African students with the right k-12 private schools and helps finance their education affordably. It was founded in 2021 by Jide Ayegbusi and Peace Oluwatade.
Fullgap is a business management tool for small businesses. It was founded in 2023 by Victor Fatanmi and Bolaji Fawole
Mida Africa is an AI-powered ethical debt collection for Africa, founded in 2023 by Adija Uzodinma, Okeroghene Egbi and Mayowa Anibaba
Lanre Ogundipe and Oluwasoji Sanyaolu are the founders of Pave HQ, a digital learning and career ecosystem. It was founded in 2022.
Sendstack provides businesses with digital tools that automate logistics workflows, manage multiple delivery partners & optimize communication processes to fulfill more demand efficiently. It was founded in 2021 by Ifeoma Nwobu and Emeka Mba-Kalu
Sync! is a teamwork management tool for ambitious entrepreneurs who want to take ambiguity out of the workplace and replace it with synergy. It was founded in 2021 by Princess Edokpayi and Kristin Wilson
About Pitch2Win
Since 2016, TechCircle has hosted Pitch2Win, a startup competition dedicated to bubbling up innovative talent and startups in the Nigerian ecosystem. The fourth edition saw 1,113 applications, with 15 finalists selected. The winner took home $10,000 in equity-free funding and an all-expense-paid trip to IVS2024, Kyoto, Japan's largest startup conference.
About Techcircle
Techcircle provides advisory, consultancy, and support services to African startup founders, corporate organizations, government agencies and foreign investors. The firm also facilitates value-driven relationships amongst these communities through ecosystem-wide events, programs and tours.
Techcircle has provided innovation management services and executed ecosystem programs for ARM Labs, Facebook, Federal Ministry of Humanitarian Affairs, Google, Microsoft, NCDMB NOGTECH, Startups Nigeria, UK Nigeria Tech Hub, Y-Combinator etc.
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