Khula! named winner of KPMG Private Enterprise Tech Innovator in Africa competition

SOUTH AFRICA – KPMG South Africa has announced the winners of its four-month-long KPMG Private Enterprise Tech Innovator in Africa competition, which sought to recognize Africa’s most successful technology innovators across the continent, with Khula! coming out as the leading tech innovator.

This global competition, which was created to include 16 countries across most major regions of the world, invited businesses to pitch their innovations and present their growth ambitions to panels of local and global industry experts, in the hopes of being recognized as a leading tech innovator.

“We opened the competition to Africa in February this year and received 75 applications from across the continent. The response was phenomenal, as was the talent and innovation across these businesses,” said KPMG partner and private enterprise head Alan Barr.

He noted that 30 applicants were then chosen, based on the competition criteria, to proceed to the judges’ scoring round.

Khula! offers a digital ecosystem where farmers and other role players in the agriculture and food sector can buy and sell products.

“I want to congratulate Khula! on being recognized as KPMG’s Tech Innovator in Africa, it is a well-deserved accolade, and we wish them well as they prepare to take the global stage in November this year and showcase the true potential of Africa,” added Barr.

From there, ten finalists were invited to pitch at a virtual event, held on June 30, 2021, where Khula! was announced as the overall Africa winner.

Khula! was chosen owing to the innovation it has shown in its business, and for how sustainable this business model has proven to be – from a start-up to a company that now has incredible growth potential, KPMG acclaims.

As the winner, Khula! will now participate in a global final at the Web Summit Conference, in Lisbon, Portugal, in November, together with the winners of each of the participating countries.

Khula! will have the chance to network with other industry experts and tech innovators across the globe.

“It is a well-deserved accolade, and we wish them well as they prepare to take the global stage in November this year and showcase the true potential of Africa

Alan Barr – KPMG Partner and Private Enterprise Head

Khula! CEO Karidas Tshintsholosaid: “I am incredibly humbled that we have been chosen as the overall winner to represent Africa on the global stage, more especially because we are in the process of rolling out the Khula! Inputs App.”

“None of this would have been possible without my incredible team. The competition was incredibly intense and a lot of the finalists were at a far more advanced stage than we are – this makes it even more important for us to bring our A-game in Lisbon,” added Tshintsholo.

Other finalists were Chari Co of Morocco – a B2B e-commerce app, Humanz of South Africa which is an AI-powered influencer marketing platform, Arc Innovations, iiDENTIFii – a remote digital facial biometric authentication and automated onboarding technology platform and Karri Payments, all from South Africa.

Others were Nigeria’s Youverify – a software as a service (SaaS) platform that helps businesses digitalize and automate their Know Your Customer (KYC) and customer due diligence with, or without, coding, Ukheshe technologies, Revix which is a platform that enables everyday people to invest in emerging themes, alternative assets as well as traditional securities in an effortless way.

Completing the list was another South African firm Fundrr, a provider of working capital to small businesses in South Africa ranging from R20,000 (US$1,404) to R5,000 000 (US$351,138) in size, and three to 12 months in term.

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