FinovateAfrica Best of Show Winners Announced

The votes have been cast and tallied – and the winners of FinovateAfrica’s Best of Show awards have been named. Congratulations to Bambu and OUTvest!

Finovate’s first foray into the African fintech scene has been a huge success. The companies that demonstrated their technologies live on stage this week showed us innovations in everything from automated regtech and small business lending, to customer engagement and AI-enabled credit assessment.

Yet the two companies whose live demos made the greatest impressions on our FinovateAfrica audience were firms focused on one of fintech’s earliest – and most persistent – disruptions: the rise of the robo-advisor. For these companies, wealthtech is still fertile ground for fintech innovation. And improving the way individual investors and their advisors build and manage personalized, investment portfolios is as important today as it has ever been.

Bambu for its goal-based, white label robo-advisor offering that gives investors a natural and effortless experience in finding the right investment strategy for their client’s needs.



OUTvest for its hybrid robo-advisor that uses an evidence-based approach to help everyone build and mange their own investment strategy.


Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The two companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 through 2018 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017
FinovateSpring 2017
FinovateFall 2017
FinovateAsia 2017
FinovateMiddleEast 2018
FinovateEurope 2018
FinovateSpring 2018
FinovateFall 2018
FinovateAsia 2018

Welcome to Day 2 of FinovateAfrica

We’re back with more demos and even more content for the second day of FinovateAfrica. Doors open at 8:15 this morning at the Westin Cape Town, South Africa, where we’ll be serving up breakfast and networking opportunities until the first session begins just before 9:00.

Visit our website for a full, interactive agenda, or get a quick glance at what to expect below:

8:15 to 8:55 Registration, breakfast, and networking

8:55 to 9:30 Using gamification and behavioral economics to reward customers

9:30 to 10:25 Demo session

10:25 to 11:00 Intermission, networking, and refreshments

11:00 to 12:40 Breakout streams

  • Emerging trends
  • Putting the end user first
  • Data and the customer experience
  • Financial inclusion

12:40 to 13:45 Lunch and networking

13:45 to 14:45 Breakout streams

  • Emerging trends
  • Putting the end user first
  • Data and the customer experience
  • Financial inclusion

14:45 to 15:20 Intermission, networking, and refreshments

15:20 to 15:50 MNOs and the mobile money network

15:50 to 16:20 VC Panel

16:20 to 16:45 Open banking and APIs

16:45 to 16:55 Best of Show awards

16:55 to 17:55 Reception and networking

Thanks to everyone for attending, demoing, speaking, and sponsoring the first ever FinovateAfrica conference! We truly would not be here without you. We’re looking forward to seeing you at another Finovate event in the future– come see us at one of our 2019 shows:

Welcome to Day 1 of FinovateAfrica

Finovate’s very first appearance in Africa starts today and we are excited to have an amazing audience, along with demo companies and speakers, to share the experience with. Over the next two days, we’ll showcase the latest in fintech trends and products, as well as host multiple high-quality networking sessions at the The Westin Cape Town in South Africa. If you’re in the area, you won’t want to miss out. Tickets are still available.

You can find detailed agenda on the FinovateAfrica website, but here are the basics of what to expect today:

8:15 to 8:45 Registration, breakfast, and networking

8:45 to 9:30 Keynote address

9:30 to 10:25 Demo session

10:25 to 11:00 Intermission, networking, and refreshments

11:00 to 11:20 Challenger bank showcase

11:20 to 11:55 Trends in emerging social payments

11:55 to 12:15 Technology for rural farmers

12:15 to 13:30 Lunch and networking

13:30 to 15:30 Breakout streams

  • Banking
  • Payments
  • Regtech
  • New technologies

15:30 to 16:00 Intermission, networking, and refreshments

16:00 to 16:30 Overcoming challenges of collaboration

16:30 to 17:00 Closing keynote

17:00 to 18:00 Reception and networking

Thank you for joining us today for the first ever FinovateAfrica conference! We’ll see you again tomorrow; registration opens at 8:15 and the show begins at 8:55.

FinovateAfrica Arrives in Cape Town

With our first conference in Africa starting tomorrow, today is a day for final plans and preparations for our demoing companies. FinovateAfrica 2018, which kicks off Tuesday morning and runs through Wednesday, will feature more than a dozen innovative fintech companies from Africa and beyond who will demonstrate their latest technologies live on stage before our audience of industry leaders and professionals.

And while our demoing companies are busy practicing their pitches, remember that FinovateAfrica is more than just live fintech demonstrations. Both days of the conference will feature keynotes, panel discussions, and presentations on some of the most pressing issues in fintech such as open banking and digital transformation. FinovateAfrica will also feature several sessions and tracks on topics like social payments and leveraging technology to serve rural communities that are especially relevant to developing economies.

Find out more detailed information about our agenda at our FinovateAfrica event page.

FinovateAfrica will be held at the Westin Cape Town in Cape Town, South Africa. The venue is located at Convention Square on Lower Long Street, and is readily accessible by public transportation. The conference itself will take place on the Old Harbour Level, and begins promptly with registration, breakfast, and networking at 8:15am on both Tuesday and Wednesday. Please remember that FinovateAfrica runs on a tight schedule, so be sure to give yourself a little extra time to make sure you arrive promptly and don’t miss a thing.

And once you’ve arrived, join our FinovateAfrica community on our Knect365 event app. Search for “FinovateAfrica” once you are in the app to access our audience participation feature, our Best of Show voting tool, our networking platform Brella, our attendee list and conference agenda, a floorplan of the venue, and more. If you have any challenges with the app, please reach out to us at for help.

Tickets are still available. If you are planning to attend FinovateAfrica, but have not yet saved your spot, run – don’t walk – to our FinovateAfrica registration page and pick up your ticket today. We look forward to seeing you here in Cape Town!

FinovateAfrica Starts Next Week

Finovate’s first fintech conference in Africa is only days away. We’re excited to make our debut in Cape Town, South Africa on November 27 and 28, and look forward to what we expect to be a great two days of live technology demonstrations and insightful keynotes from our knowledgable line-up of speakers.

There’s still time to pick up your ticket and join us. Visit our registration page today and save your spot at the show.

Find out more about our demoing companies via our Sneak Peek series. To learn more about our expert speakers, check out our agendas for Day One and Day Two.

Here are a few last minute details and need-to-knows to help you plan your visit.


FinovateAfrica will feature more than a dozen innovative fintech companies from Africa as well as around the world, all demoing their latest solutions live on stage. The conference will also host a variety of keynote addresses, panel discussions, debates, and presentations on some of the most critical topics in fintech today. We will have a special emphasis on those issues relevant to developing fintech markets as well as financial inclusion.

A look at the companies that will be demoing their latest fintech innovations at FinovateAfrica next week.


FinovateAfrica will be held at the Westin Cape Town, Old Harbour Level, Convention Square, on Lower Long Street in Cape Town, South Africa. The venue is readily accessible via public transportation and features compelling views of both the V&A Waterfront and Table Mountain.


With two days of live demos and discussions on Tuesday, November 27 and Wednesday, November 28, FinovateAfrica runs on a tight schedule. Please give yourself extra time to ensure that you arrive at the venue promptly so that you don’t miss a thing!

Registration opens at 8:15am on both Tuesday and Wednesday mornings, and will feature a continental breakfast and refreshments. Opening remarks from our keynote speaker begin at 8:45am on Tuesday and at 8:55am on Wednesday. Both Tuesday and Wednesday will conclude with a reception and networking opportunity for attendees to meet and mingle with our demoing companies, our speakers, and each other.

We are looking forward to FinovateAfrica and hope you will be able to join us in Cape Town next week. If you have any questions about FinovateAfrica, please email us at and we’ll be happy to help.

FinovateAfrica Sneak Peek: Topicus.Finance

A look at the companies demoing live at FinovateAfrica on November 27 and 28, 2018 in Cape Town, South Africa. Register today and save your spot.

Fyndoo, powered by Topicus, unlocks financing for the agricultural sector with automated lending processes combined with satellites providing real-time insight into crop development.


  • Lending processes are accessible, efficient, and transparent
  • Investment progress can be monitored in real-time
  • Automated loan management varies with progress and quality of the crops

Why it’s great
Fyndoo bridges the financing gap for entrepreneurs as well as farmers in developing countries by combining state-of-the-art business lending technology with the ability to monitor crop progress real-time.


Jamie Burink, Head of Business Lending
Burink is head of business lending at fintech company Topicus.Finance. He has roots in business administration and a strong passion for making banking simple, social, and transparent.

Johan Stokking, Tech Lead and Co-Founder
Stokking is tech lead and co-founder of The Things Network: an open, crowdsourced, and decentralized internet of things data network. He also serves as CTO of The Things Industries.

FinovateAfrica Sneak Peek: Yoco

A look at the companies demoing live at FinovateAfrica on November 27 and 28, 2018 in Cape Town, South Africa. Register today and save your spot.

Yoco is an African technology company that builds tools and services to help small businesses get paid, run their businesses better, and grow.

Yoco Capital includes:

  • Fast, simple access to a cash advance
  • No security or collateral required
  • One-of-a-kind payback method with no debit orders or late fees.

Why it’s great
Yoco Capital is the simplest, fastest way to access a cash advance for your business with an effortless, one-of-a-kind payback method.


Bradley Wattrus, CFO and Co-Founder
Highly experienced in business strategy and venture development, Wattrus enjoys the daily challenges of the fintech industry.


Clayton Brett, Capital Product Owner
Brett has 15 years of financial industry experience in business analysis and project management.

FinovateAfrica Sneak Peek: OUTvest

A look at the companies demoing live at FinovateAfrica on November 27 and 28, 2018 in Cape Town, South Africa. Register today and save your spot.

OUTvest is a new generation wealth platform. The company has integrated wealth planning and execution and management, online or with human advisors.

OUTvest built its own capabilities to design proprietary advice algorithms, investment exposures and user experience, and deliver it in a simple client experience.

Why it’s great
Imagine if investing was as easy as driving a car: all the technology is there, it’s just as easy to use.


Grant Locke, Head of OUTvest
Locke is a CFA charterholder and has worked in the investment industry for more than 15 years in the U.K. and South Africa. He is a passionate advocate that investing is a personal finance solution.


Niel de Bruin, Head of Operations
de Bruin is a CA(SA) and has been in the financial services industry since 2002. “He is one hell of an operator and a phenomenal business partner,” says Grant Locke.

FinovateAfrica Sneak Peek: DocFox

A look at the companies demoing live at FinovateAfrica on November 27 and 28, 2018 in Cape Town, South Africa. Register today and save your spot.

DocFox automates compliance for the new FICA Act with document processing, client screening, risk rating, and bank account verification.


  • Automate cumbersome and manual processes in compliance
  • Breeze through regulatory audits
  • Branch into new areas of business previously too high risk to enter

Why it’s great
DocFox handles the compliance needs of any organization, of any size, serving all types of clients from individuals to complex offshore structures.


Richard Cohen, Director and Co-Founder
Cohen has been a shareholder and board member of DocFox from the inception of the company. He is a qualified economist, Chartered Accountant and a Chartered Financial Analyst.

FinovateAfrica Sneak Peek: Craft Silicon

A look at the companies demoing live at FinovateAfrica on November 27 and 28, 2018 in Cape Town, South Africa. Register today and save your spot.

Craft Silicon is a global leader in financial technology services and consulting. The company enables clients in more than 32 countries to craft and execute solutions for their digital transformation.


  • Significantly enhances a bank’s acquisition process
  • Provides a true “anyplace is a banking place” experience to bank customers
  • Offers an Instant Loans On Phone solution for banks’ customers and non-customers

Why it’s great
Craft Silicon offers a single engagement platform to open new accounts and loan services through any handheld device. These tools significantly enhance the “anyplace is a banking place” experience to clients of financial institutions.


Kamal Budhabhatti, Chief Executive Officer
In his more than 20 years of international experience, Budhabhatti has developed deep expertise across a range of technology solutions that moved him to build complex products in the financial space.

FinovateAfrica Sneak Peek: XENO

A look at the companies demoing live at FinovateAfrica on November 27 and 28, 2018 in Cape Town, South Africa. Register today and save your spot.

XENO is a goal-based, automated investment platform that helps users plan, save, and invest for financial goals like retirement, education, income, etc. The company will demo a group-linked investment account.


  • The group is on-boarded as a sponsor and members are on-boarded as investors
  • Each member has a unique investment portfolio
  • Users are able to track individual and group contributions and manage their portfolio

Why it’s great
The XENO group linked account introduces a robo-advisor that savings and investment groups can use to save and invest for financial goals together transparently.

Aeko Ongodia, Chief Executive Officer
Ongodia is a former pension fund manager with the largest pension fund in East Africa. He has extensive industry experience and training.

Joel Niwogaba, Software Developer
Niwogaba has extensive experience developing software applications for firms.

FinovateAfrica Sneak Peek: truID

A look at the companies demoing live at FinovateAfrica on November 27 and 28, 2018 in Cape Town, South Africa. Register today and save your spot.

truID is a South African fintech that has created a data sharing ecosystem inspired by Open Banking. truID’s innovative Collect platform enables consumers to safely and rapidly share their digital banking information with third parties in a manner that guarantees ease-of-use and privacy.

Why it’s great
truID has made bank integration simple. With just a few lines of code, developers can securely access real-time bank data from South Africa’s largest banks.


Dmitry Drabkin, Co-founder
Drabkin started his career as a chartered accountant, specializing in financial services. His passion for technology and innovative solutions led him to co-found truID.

Paris Valakelis, Co-founder
Valakelis has a background in actuarial science. He gained his experience as an equity analyst covering banking and insurance, where his deep insights inspired the co-creation of truID.