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The 2015 Zambezi Prize Finalists
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THE
ZAMBEZI PRIZE

The MasterCard Foundation & Legatum Center at MIT Innovations Competition
 
The Zambezi Prize raises awareness of entrepreneurship and financial inclusion, encourages
the flow of capital to financial inclusion ventures, and advances entrepreneurship and financial inclusion to fuel broad-based prosperity.

Announcing the winners of the Zambezi Prize, recognizing excellence and potential in African entrepreneurship

Winner
Umati Capital is a start-up financial services company that revolutionizes access to finance through the consistent and innovative use of technology. Launched in September 2012, Umati Capital is a non-bank financial institution focused on the provision of credit and related payment technologies. Umati Capital currently serves agri-business supply chains and leverages proprietary technology to provide branchless financial services to small-scale suppliers, trading companies and industrial processors.
 
1st Runner Up
Kifiya Financial Technology is a digital finance and payment services provider, delivering customer centric products to simplify transactions. Kifiya leverages innovative technology to build and enable distribution channels that make financial and non-financial services affordable and accessible.
 
2nd Runner Up
Tugende breaks the poverty trap for motorcycle taxi drivers in Africa by providing an affordable and transparent lease-to-own option. They are proving that millions of self-employed entrepreneurs can receive credit to own the equipment they use, even without credit histories or collateral.
3rd Runners Up
Many SMEs operate without keeping books, relying on the cash/bank balance to determine business progress because they do not have the capacity for proper accounting systems. Pluspeople plan to bridge this gap by providing a system adopted to fit the way SMEs really run their businesses in East Africa. 
Nomanini provides a mobile­-first Point Of Sales platform designed for the vast and underserved informal retail trade in developing markets. The tools that Nomanini provides empower merchants in informal markets to facilitate electronic transactions in their local communities. 
Finalists
THE LEGATUM CENTER
administers programs and convenes events that promote and shape the discourse on bottom-up development. 

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THE MASTERCARD FOUNDATION
is an independent, global organization based in Toronto, Canada. Through collaboration with its partners, it is creating opportunities, primarily in Africa, for all people to learn and prosper.

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Copyright © 2015 Legatum Center at MIT, All rights reserved.


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