The Massachusetts Institute of Technology’s (MIT) FinTech Conference has named Kenyan startup, Money254, as the grand prize winner of their 2022 FinTech Startup Pitch Competition.
Money254 aggregates and reviews financial products from financial institutions to help people compare and apply for financial products that suit them best.
It was chosen from among 8 finalists out of a list of over 100 fintech startups globally, all of whom made their final pitch in front of a global audience and industry-leading judges in late February at the MIT FinTech Conference in Cambridge, Massachusetts.
The conference culminated in the award ceremony for the FinTech Startup Pitch Competition, with Money254 being named the winner and taking home the grand prize of $30,000.
While accepting the prize, Money254 CEO and Co-Founder, Lorcan O Cathain, stated the recognition was a boost to the startup’s aim to help improve transparency in the financial services sector.
“At Money254 we’re building a central place for Kenyans to learn about, manage and move their money between the financial institutions and products that make the most sense for them. We’re deeply humbled to receive this honour and excited for what the future holds for the company.”
The platform aggregates and independently researches all of the terms of over 300+ financial products to help users make prudent financial decisions.