HabariPay Take-On-Squad Hackathon Crowns Winning Teams in Innovative Solutions Showcase



Three teams emerged victorious in the inaugural HabariPay Take-on-Squad Hackathon 1.0, a coding competition held at the GTCO Training Complex from January 18th to 20th. Following days of intense collaboration and problem-solving, Team Storepoint, Team X, and Team Within impressed judges with their innovative solutions and secured prize money totaling N5 million.

Winning Projects and Teams:

Team Storepoint (3rd Place, N1 million): Haruna Faruk and Ladipo Samuel from the University of Lagos developed “Storepoint,” an online marketplace for local shops and businesses, offering quick access and streamlined payments via Squad’s API.

Team X (2nd Place, N1.5 million): Muktar Jimoh Yusuf, Rasheed Taiwo Mudasiru, and Mukhtar Abdulfatai from the Federal University of Technology, Minna, utilized AI and machine learning to revolutionize bundled payments.

Team Within (1st Place, N2.5 million): Inuoluwadunsimi Daniel Ola-oladeinde, Atayero Ayomide Samuel, and Hamzat Victor Oluwabori, students of Obafemi Awolowo University, impressed with their solution streamlining school departmental payments and contributions.

Evaluation Criteria:

Each team’s project was judged based on its real-world applicability, technical creativity, user experience, and teamwork, showcasing the event’s focus on practical solutions.

Positive Impact and Future:

Eduofon Japhet, Managing Director of HabariPay Ltd, expressed enthusiasm about the caliber of solutions presented, highlighting the event’s potential to foster innovation and talent development.

She said, “The level of innovation demonstrated by each team is truly impressive, and we eagerly anticipate witnessing these solutions materialise in the future.”

In recognition of their outstanding achievements, Team Within, Team X, and Team Storepoint, along with other standout talents from the hackathon, will be enrolled in the Squad Hackademy – an initiative aimed to empower the participants with comprehensive learning resources, mentorship, and unparalleled job opportunities, fostering a community of innovation and excellence.

About HabariPay

HabariPay Ltd is the fintech subsidiary of Guaranty Trust Holding Company Plc, providing best-in-class payment solutions to help businesses in Africa grow and thrive.

Licensed by the Central Bank of Nigeria (CBN), HabariPay’s solutions include Squad, a complete payment tool to make in-person and online payments simpler, HabariPay Storefront, an e-commerce website to sell products and services, Value-Added Services to help merchants access cost-effective and flexible airtime and data bundles to run their businesses, as well as a switching infrastructure that enables tech-focused businesses to optimise cost and make transactions more efficient.

HapariPay recently received Mastercard’s Award For Accelerating Digital Acceptance in Africa and was awarded “Innovative Mobile Payment Solution” for its SquadPOS product by TIA.

About Squad

Squad is a complete payments solution that is reliable, secure, and affordable, making receiving in-person and online payments simple and convenient. Our goal is to support SMEs, micro-merchants, large corporations, and other fintechs (Tech Stars) with the tools they need to thrive in an evolving digital economy and expand beyond their current market reach.

Thousands of merchants currently leverage Squad’s payment solutions for their daily business operations. Squad’s current products and service offerings include SquadPOS, Squad Payment Links, Squad Virtual Accounts, USSD, and E-Commerce Storefront.

Find out more at www.squadco.com.

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