Two Nigerian Fintechs have been chosen among 11 African companies for LHoFT Bootcamp in Luxembourg.
Nigerian fintech startups, Paddycover Insuretech and Esusu Africa Limited were among the 11 fintech (financial technology) companies that were chosen to attend the prestigious Luxembourg House of Financial Technology bootcamp holding in the European nation.
The 11 companies where chosen from a pool of fintech companies in Africa who applied for the bootcamp.
Other fintechs chosen for the event in Luxembourg include CinetPay from Cote d’Ivoire, Dundiza from Tanzania, A-Trader from Tanzania, Exuus from Rwanda, Eversend owned by a French national but building solutions in Africa, Pezesha from Kenya, People’s Pension Trust from Ghana, SympliFi from the United kingdom but with a presence in Africa, uKheshe from South Africa and the UK, and of course, Esusu and Paddycover from Nigeria.
For the Bootcamp, Paddycover and Esusu will join other selected fintechs for a one week training where they will be exposed to important topics and information,
Some of the areas that will be covered include marketing strategy, business model mapping, HR policy, peer due diligence processes, legal strategy, viability and business plan presentation.
Esusu was founded based on the traditional contributory scheme policy with the same name. However, the company enlists Global System Mobile Device and Digital Payment Technology to enhance the reliability and indeed the functionality of the scheme.
Paddycover on the other hand, helps people get insurance service by giving them different policy options that they can patronize. Paddycover allows various payment periods on their platform. These options include monthly, weekly and daily plans. Customers can choose the one that appeals to them more.