Recycle Points wins $30,000 as the Runner up for the 2018 Zambezi Prize for Innovation in Financial Inclusion
Nigerian startup Recycle Points, co-founded by Chioma Ukonu, on August 29th, during the Open Mic Africa Summit in Nairobi, emerged as runner-up in the 2018 Zambezi Prize for Innovation in Financial Inclusion.
Recycle Points won Chivas the Venture competition in Nigeria in 2016, and went on to emerge as the first runner up in LA.
The prize was awarded by the Legatum Centre for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT), with support from the Master Card Foundation.
The startup will join the three other winners of the IIC Africa Prize, to represent Africa at the IIC global tournament which awards over $1 million in prizes. The IIC event is part of the MIT Initiative On Digital Economy and, along with the MIT Legatum Center’s initiatives, exemplifies MIT’s global commitment to the future of work.