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Two SA fintechs win prestigious global inclusive fintech award

Lulalend and Paycode are winners of the 2020 Inclusive Fintech Awards.

Lulalend, one of  South Africa’s leading B2B digital lenders, and Paycode, a South African fintech that deals in biometric digital identity and low-cost access to basic financial services in rural areas, were recognised at the 2020 Inclusive Fintech Awards.

The awards platform recognises the top 50 inclusive fintech startups globally that that are making concerted efforts to provide financial services to underserved communities across the world.

Image Source: Lulalend Blog

The 50 fintech’s selected this year were chosen out 403 applicants based on the basis of the inclusiveness, innovation, scale potential, and traction of their financial service solutions.

Besides gaining global recognition for their services, the current cohort of awardees have gained access to leading global investors, including the IF50 Investors Circle.

South Africa In Focus

Population: $58.5 million (Compared to Nigeria's 200.9 million)

GDP: $351.4 billion (Compared to Nigeria's $448.12 billion)

GDP Per Capita: $6,040 billion (Compared to Nigeria's $2,030)