Written by Chris Tredger | From IT Web Africa

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a member-owned and industry-driven cooperative, has announced that the Innotribe Startup Challenge to identify and showcase startup talent within the finance industry will, this year, be heading to Africa for the first time.

Innotribe is a SWIFT brand that has been established to facilitate interaction and networking between the global financial community and the fintech startup ecosystem.

This year the Initiative will partner with the Africa Regional Conference to showcase fintech startups from across the continent, from 5 -7 May in Cape Town, South Africa. Companies will have the opportunity to pitch to investors.

The Startup Challenge is used as a platform to engage the fintech ecosystem to seek out small-to-medium businesses that are innovating in various areas involving financial technology. This covers everything from cross-border payment to cryptocurrency and foreign exchange.

“Pretty much everything that a bank would consider part of its normal day-to-day operations,” explains Kevin Johnson, SWIFT Innotribe Startup Challenge Manager.

The Startup Challenge introduces the world’s brightest startups to highly qualified financial service experts, angel investors, venture capitalists, and global leading fintech and financial decision makers.

Read more at IT Web Africa