Inlaks, a leading system integrator in Sub-Saharan Africa, has introduced its innovation lab “thehatch”, which was established to identify, nurture and scale innovative technology driven ideas that have the potential to transform the financial service sector in Africa, at the just concluded Africa Fintech festival in Lagos.
The launch of the Inlaks innovation hub began with a start-up fair in collaboration with the Africa Fintech Festival where several growing companies were present to pitch their innovative ideas and services to stakeholders and representatives of the Africa Fintech Festival body.
Mr. Femi Adeoti, MD of Africa Operations at Inlaks said the benefits of the innovation lab to fintechs in Africa include fostering relationships between them and several Inlaks clients and partners, as well as providing a stepping stone into the marketplace.
He noted that the innovation lab was designed to build and scale Fintech solutions through collaboration with the technological industry, private sector, government, investors, academia and the digital workforce.
According to Adeoti, “most of the start-ups do not have the experience and capability to reach the quality of customers available to Inlaks. It is our goal to hand-hold these start-ups and take them to wherever we go so they can interface with some of our global clients and partners, and thereby take advantage of the opportunities that are possible”.
He went further to reveal that the evolution of Inlaks termed “Inlaks 2.0”, has been designed to bring innovative solutions to the industry, and help young technology entrepreneurs to grow and expand their horizon.
Adeoti said activities at the hub will encourage startups to be creative and serve as solution providers to major challenges facing the African society.