FUTA Alumni Win Top Prize at Digital PayExpo with Innovative Education Payment Platform

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 on June 6, 2024, at the Eko Hotel in Lagos. The event showcased groundbreaking fintech solutions from across the nation.

Timilehin and Emmanuel presented their innovative platform, Acceede, a flexible payment solution designed to address challenges in the education sector. Their project stood out among 343 applications, securing the top prize of N1 million.

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Acceede aims to tackle the issue of revenue loss in African secondary schools due to unpaid school fees. By offering sophisticated credit profiling and payment collection services, the platform helps educational institutions identify reliable payers, potentially increasing their revenue by up to 30%. Since its inception in late 2021, Acceede has processed over 15 million naira for more than 15 schools across Lagos and Ogun State. The platform's goal is to provide 20 million people access to quality education within the next five years.

This success highlights the talent nurtured at FUTA and underscores the university's commitment to fostering innovation and entrepreneurship. Adeoye, a First Class Honors graduate in Applied Geology (Class of 2022), and Adeboje, a Cybersecurity specialist (Class of 2022), exemplify FUTA's multidisciplinary excellence.

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