The aim of the Sierra Leone FinTech Challenge is to encourage and catalyze the development of FinTech solutions that are useful and relevant to the people and businesses of Sierra Leone. Over 20 applications were received from various entrepreneurs in the country as well as from Kenya and Ghana.

Three finalists have been selected and will each receive US$13,000 seed capital and access to the Regulatory Sandbox. This capital will help test designs, buy in expert support and clarify the business case. Up to two of the strongest FinTech products and solutions will have the chance to win up to US$100,000 to pilot and scale-up in round two of the challenge.