After a rigorous judging process with our team members Dr. Li, and Dr. Yang as judges, The Babylon Project, a virtual #hackathon with over 1000 participants, had the final winner – Kotani Pay! We are honored to have Kotani Pay join our 2021 #accelerator cohort! @BabylonProject_ pic.twitter.com/pTxOfk6eko— Lair East (@LairEast) October 22, 2020
The virtual hackathon featured over 1, 000 participants from 69 countries, with 20 teams making it to the semi-finals, out of which, 6 projects were chosen to participate in the final round.
After a rigorous round, the top 3 teams emerged:
- Kotani Pay – A USSD-Crypto Payment infrastructure startup that aims to onboard more Africans into the digital economy by enabling easy access to a range of financial services including lending and payouts by non-profit organizations.
- Skill Wallet – A startup that is focused on the 4th United Nations Sustainable Development Goals: Quality Education. Skill Wallet aims to increase access to verifiable skill portfolios. By providing verifiable certificates to all participants of the hackathon, the newly formed team is getting ready to soft launch their beta.
- Blockdrop – A blockchain agnostic NoCode platform for smart-contracts.
Kotani Pay was awarded the admission into the $100, 000 startup acceleration program that begins in early 2021.
Following the Babylon Project, Kotani Pay has already gone live on Celo, a mobile-first blockchain for emerging markets, offering both an on-ramp and off-ramp from crypto to fiat in Africa.
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