FUTA Alumni Triumph in Prestigious Pay Innovation Pitch

At the Digital PayExpo Pay Innovation Pitch held in Lagos, FUTA alumni Timilehin Adeoye and Emmanuel Adeboje triumphed with their fintech solution, Acceede.

Jul 1, 2024 - 12:54

FUTA Alumni Triumph in Prestigious Pay Innovation Pitch

Timilehin Adeoye and Emmanuel Adeboje, alumni of the Federal University of Technology, Akure (FUTA), have emerged victorious at the highly competitive Digital PayExpo Pay Innovation Pitch held at Eko Hotel in Lagos. Their groundbreaking fintech solution, Acceede, won the top prize of N1 million, standing out among 343 applications from across the nation.

Acceede is a revolutionary flexible payment platform designed to address critical challenges in the education sector, particularly the significant revenue loss faced by African secondary schools due to defaulting school fee payments. The platform offers sophisticated credit profiling and payment collection services, enabling educational institutions to identify reliable payers and potentially increase their revenue by up to 30%.

Since its inception in late 2021, Acceede has processed over N15 million for more than 15 schools across Lagos and Ogun State. The platform aims to provide 20 million people access to quality education within the next five years.

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Timilehin, a First Class Honors graduate in Applied Geology (Class of 2022), and Emmanuel, who specialized in Cybersecurity (Class of 2022), exemplify the multidisciplinary excellence that FUTA instills in its students. Their success at the Pay Innovation Pitch highlights the exceptional talent nurtured at FUTA and underscores the university's commitment to fostering innovation and entrepreneurship among its students.

Vice Chancellor Professor Adenike Oladiji congratulated Timilehin and Emmanuel, describing them as worthy ambassadors of FUTA. This victory serves as an inspiration to current and future students, reinforcing FUTA's position as a breeding ground for tomorrow's innovators and industry leaders.