{"id":25055,"date":"2021-07-26T08:10:22","date_gmt":"2021-07-26T08:10:22","guid":{"rendered":"https:\/\/jazairhope.org\/?p=25055"},"modified":"2021-07-26T08:10:22","modified_gmt":"2021-07-26T08:10:22","slug":"three-algerian-startups-win-algeria-startup-challenge","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/en\/three-algerian-startups-win-algeria-startup-challenge\/","title":{"rendered":"Three Algerian Startups Win Algeria Startup Challenge"},"content":{"rendered":"<div class=\"postmeta\">\n<div class=\"post-date\">JULY 25, 2021<\/div>\n<\/div>\n<div class=\"entry-content\">\n<p class=\"has-medium-font-size\">The\u00a0<a href=\"https:\/\/algeriastartupchallenge.com\/Edition3\/\" target=\"_blank\" rel=\"noreferrer noopener\">third edition<\/a>\u00a0of the \u201cAlgeria Startup Challenge\u201d program has identified three outstanding projects in the field of finance technology carried out by startups as winners. The identities of the three winning projects were revealed during a closing ceremony held in Algiers in the presence of CEOs of public enterprises, insurance firms, and banking institutions, as well as heads of economic institutions.<\/p>\n<p class=\"has-medium-font-size\">Under the \u201cInsurtech\u201d category, the jury\u2019s choice was for \u201cAmentech\u201d solution, which provides insurers with a dematerialization service from the claims insurance counter and allows automobile insurance subscribers to make their report online shortly after an accident, including photos and testimonials.<\/p>\n<p class=\"has-medium-font-size\">The GCM (Global Cash Management) solution won the selection jury\u2019s approval in the \u201cFintech\u201d category. GCM recruits, identifies, and accepts buyers for its program, which provides traders with microcredits through installment sales contracts.<\/p>\n<p>Read also:<a href=\"https:\/\/afrikanheroes.com\/2021\/07\/22\/nigerian-startups-lead-african-startup-expansion-efforts-in-2021-with-fintech-topping-the-list\/\">Nigerian Startups Lead African Startup Expansion Efforts In 2021, With Fintech Topping The List<\/a><\/p>\n<p class=\"has-medium-font-size\">The jury chose the \u201cMoustachari\u201d solution, a platform specializing in legal services that allows the management and monitoring of firms, master-lawyers, bailiffs, and notaries, for the \u201cRegtech\u201d category, which represents players who circle around financial regulation.<\/p>\n<p class=\"has-medium-font-size\">Since its inception in March, 55 projects have been registered, including 27 start-ups in the sector of finance (Fintech), 13 in the field of insurance (Insurtech), and 14 start-ups related to the digitization of regulatory and compliance activities (Regtech and Risk Management).<\/p>\n<p class=\"has-medium-font-size\">The jury is made up of specialists in various sectors who chose 24 startups at the start. They went through a second round of selection, with the help of a three-week support program, which resulted in the selection of nine finalists (three start-ups in each field).<\/p>\n<p>Read also:<a href=\"https:\/\/afrikanheroes.com\/2021\/07\/09\/huawei-partners-with-mondia-pay-for-digital-payment-options-in-algeria-and-tunisia\/\">Huawei partners with Mondia Pay for Digital Payment Options in Algeria and Tunisia<\/a><\/p>\n<p class=\"has-medium-font-size\">Mr. Berrah, the president of Cosob, stated at the end of the closing ceremony that \u201cthese selected initiatives would be backed by public corporations in order to find them money, even for the acquisition of participations in order to make these solutions a reality and integrate them.\u201d<\/p>\n<p class=\"has-medium-font-size\">This competition, which is sponsored by the Minister of Knowledge Economy and Startups and co-organized by \u201cLeancubator,\u201d a company specializing in the design of incubation programs and Cosob, aims to bring together actors in Algeria\u2019s innovative entrepreneurship ecosystem and to boost start-ups using innovative operational, technological, or economic models aimed at achieving a higher level of success.<\/p>\n<p>Read also:<a href=\"https:\/\/afrikanheroes.com\/2021\/07\/22\/kenya-rolls-out-new-tax-machines-for-businesses-to-install-before-august-2022\/\">Kenya Rolls Out New Tax Machines For Businesses To Install Before August, 2022<\/a><\/p>\n<p class=\"has-medium-font-size\">According to the competition\u2019s organizers, the competition\u2019s goal is to identify \u201cpotential champions who combine confidence and originality,\u201d as<a href=\"https:\/\/afrikanheroes.com\/2020\/10\/03\/algeria-officially-launches-its-first-ever-fund-for-startups-sets-up-committee-for-labelling-startups\/\">\u00a0well\u00a0<\/a>as to \u201cstrengthen Algeria\u2019s position in the sectors of content creation.\u201d<\/p>\n<p>afrikanheroes.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>JULY 25, 2021 The\u00a0third edition\u00a0of the \u201cAlgeria Startup Challenge\u201d program has identified three outstanding projects in the field of finance technology carried&hellip;<\/p>\n","protected":false},"author":70,"featured_media":25059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[15,4,9],"tags":[],"class_list":["post-25055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-algeria","category-featured-articles","category-science"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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