Prominent Development Investment Bank, DLM Capital Group through its digital banking subsidiary “SOFRI” has announced the inaugural edition of its Fintech pitch competition - Pegasus Fintech Challenge. The Pegasus Fintech Challenge will be executed in partnership with top tech accelerator, African Fintech Foundry. This is as part of its commitment to accelerate seeding funding and investments in Nigeria’s fintech environment.
The Pegasus Fintech Challenge is open to all Fintechs operating in Nigeria. Interested participants are invited to submit applications by sending details of their product as well as a demo to https://mypitch.dlm.group/ before June 18, 2021. Selected nominations will participate in a pitch event wherein top 3 challengers will be selected and awarded.
The Head of Corporate Communications and Marketing at DLM Capital Group, Chinwendu Ohakpougwu, commented that the challenge was an opportunity for the Group to showcase its readiness to supporting the expansion of Nigeria’s fintech ecosystem. “As Nigeria’s fintech ecosystem rapidly expands and transforms, DLM Capital Group and Sofri are well-positioned to make impactful footprints in the industry. We encourage Nigerian fintech start-ups to apply to the Pegasus Fintech Challenge”, she said.
VC and Incubation Head at Africa Fintech Foundry, Oluwaseyi Balogun commenting on the partnership stated that ‘Africa FinTech Foundry entrenches its lead in the FinTech ecosystem as it partners with DLM Capital Group on its fintech challenge to serve as a silver lining for start-up funding amidst local fundraising setback prevalent in the start-up ecosystem.”
DLM Capital Group is a Developmental Investment Bank that provides innovative solutions to economic and social developmental challenges that impact the everyday lives of people. Since its inception, the bank has concentrated on creating markets, products, and long-term financing solutions to key sectors of the Nigerian economy that would benefit end customers to improve their well-being. The investment bank comprises of subsidiaries in bespoke corporate finance advisory, trustee, asset management, and securities trading arms, to sovereign/sub-sovereign entities as well as private & non-private corporations. The bank thrives on funding sectors of the Nigerian economy using innovative financing techniques, in particular, securitization and other structured finance techniques.
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