WEMA Bank Hackaholics for Nigerian Entrepreneurs (200 Million Naira in Cash Prizes)

Hackaholics is Wema Bank’s open innovation challenge, designed to empower problem-solvers, startups, and tech enthusiasts. This year, they are introducing two exciting tracks:

1. The Hackathon—where developers and tech teams build innovative solutions in a fast-paced coding competition.
2. The Startup Pitch Competition—A platform for entrepreneurs to showcase their groundbreaking ideas to investors and industry experts.

Challenge Areas

1. Fraud Detection

Financial fraud is evolving rapidly, making it challenging for banks to detect and prevent fraudulent activities in real time.

2. Customer Experience

Modern banking customers expect seamless, personalized, and instant banking experiences across digital and physical touchpoints.

3. Onboarding & Acquisition

Many customers abandon the onboarding process due to lengthy verification steps, poor user experience, or lack of guidance.

4. Credit Management

Many customers struggle to access credit due to traditional risk assessments that rely heavily on outdated credit scoring systems.

Hackaholics Locations

South-West Nigeria

1. Lagos
2. Oyo
3. Kwara
4. Ondo
5. Ekiti
6. Ogun

South-East Nigeria

1. Enugu

North-West Nigeria

1. Kaduna

North-Central Nigeria

1. Abuja

South-South Nigeria

1. Akwa Ibom

Africa

1. Nairobi, Kenya
2. Accra, Ghana

Eligibility Criteria for WEMA Bank Hackaholics for Nigerian Entrepreneurs

1. Everyone is welcome and can apply. No matter if you are a young entrepreneur, a professional, or a student.
2. You don’t have to be a programmer and you certainly don’t need to have a degree in Computer Science.

Benefits of WEMA Bank Hackaholics for Nigerian Entrepreneurs

Cash Prizes & Funding

Win exciting cash rewards of up to N200M to scale your solution.

Mentorship from Industry Experts

Gain insights from top professionals in banking, fintech, and technology.

Access to Bank APIs & Tech Tools

Leverage cutting-edge technology to build and test your solutions.

Recognition & Exposure

Showcase your innovation to key industry leaders and decision-makers.

Internship & Job Opportunities

Stand a chance to join Wema Bank’s innovation team.

Career & Networking Opportunities

Connect with Wema Bank, investors, and tech enthusiasts.

How to Apply

1. Stage 1: Application Phase
2. The journey begins here! Developers, designers, and problem-solvers from across the country can apply to be part of Hackaholics.
3. Stage 2: Regional Preliminaries
4. Shortlisted teams will compete in different regions, refining their solutions under mentorship from industry experts.
5. Stage 3: Final Day Demo
6. The best teams from the regional preliminaries will present their solutions to a panel of judges, including top executives and tech leaders.
7. Stage 4: Grand Finale
8. Winners receive cash prizes, funding, and mentorship. Outstanding solutions may be considered for further development with Wema Bank.




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Application Link(s)

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