Sycamore to host Inter-Fintech gaming competition to boost industry collaboration

by James · October 20, 2022

The first edition of the Fintech FIFA Tournament (FINFA 1.0) is set to be held in October 2022. Organized by online peer-to-peer (P2P) lending and financial inclusion startup Sycamore, this video game tournament features prominent Nigerian Fintech startups including: Flutterwave, Cowrywise, Kuda, Patricia, Trove, Mono, GetEquity, Periculum, Tap, Credpal, Identitypass, Grey, Allawee, Youverify, Bundle, Softcom, Arca, Zoropay, Mono, Fincra and Clan (formerly known as Creditclan). Plans are also in place to allow for in-person and online viewing of the event.

The objective of this event according to Sycamore’s Chief Technology Officer (CTO), Daniel Anyaegbu, is to promote unity and create good relationship in the Fintech startup space. He added that “while [Fintech] ecosystem is still relatively young and has a long way to go, we feel the need to create a healthy environment for all Fintechs where friendly competition and mutual respect are highly regarded.” The team hopes to hold this event on an annual basis, and is hosting for all Nigerian Fintech companies for a time of camaraderie and fun.

Sycamore as a company is no stranger to fostering and maintaining relationships. The startup known for its P2P lending platform for businesses and individuals recently launched Africa’s first relationship-based lending product branded ‘Loan Friends’. Loan Friends preserves friendships and family relationships by removing the difficult part of lending and borrowing money between close friends and family. This recognizes the fact that everyone needs help at some point and not everyone will be able to access financial institutions for loans.

This is a product on the Sycamore mobile app that allows people to lend and borrow to and from loved ones

The “Loan Friends” product has made it easier for people to reach out to their loved ones for financial help, while preserving the relationship. It also digitizes the lending process by enabling people to lend money to their friends seamlessly, ensuring that the lender gets the money back through automated reminders and direct debits from the borrower on the agreed due date. This and other products like the bill payment and wallet feature can be found on the Sycamore app and website.

The first round of the FINFA event, described as the “biggest Fintech gaming event ever” by Sycamore, is scheduled to be held on October 22 at 11.00, while the final of the competition will be held on 29 October and promises fantastic cash prizes for the top three teams. To learn more about the FINFA games, visit the FINFA info page. You can also learn more about Sycamore here, and check out the Sycamore app as well.