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DFS Lab Announces Open Applications for Fintech Hackathon Focused on Mojaloop Software

DFS Lab, a digital commerce investor and accelerator that partners with early-stage startups in Sub-Saharan Africa, announced it will host a virtual hackathon from January 11 to 15.

The hackathon, supported by the Gates Foundation, will offer participants an in-depth look at Mojaloop, an open-source software for financial services companies, government regulators, and others taking on the challenges of interoperability and financial inclusion.

“We’re excited to host this hackathon and have the opportunity to work with some of the region’s most exciting fintech founders,” said Jake Kendall, Executive Director of DFS Lab. 

“The problems the Mojaloop Foundation are looking to solve could not be more important.

“By helping organizations build interoperable payment systems, we can bring more underserved communities into the digital economy, increasing opportunities, and financial inclusion.”

“We saw exciting use cases developed during the first DFS Lab Mojaloop hackathon in 2019 that solved real business challenges and we are confident that the next cohort of tech companies will contribute in big ways to the future of interoperability,” Stephen Deng, Partner at the digital ecommerce investor.

Mojaloop was created by the Gates Foundation’s Level One Project, which is aimed at leveling the economic playing field by crowding in expertise and resources to build inclusive payment models to benefit the world’s poor.

Interested applicants can apply on the DFS Lab website here. Deadline to apply: December 15, 2020

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