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Kenya’s Superfluid Labs Wins ENGIE Challenge

Kenyan data analytics startup Superfluid Labs won the ENGIE Challenge at the recent ended Africa Tech Summit in Kigali, Rwanda. Winning the challenge earned them a chance to secure a testing phase with the French utility company; ENGIE.

Superfluid Labs challenged innovations; Emata (Uganda), Carma (Kenya), Pezesha (Kenya), and Plendify (Ghana).

Participating in the challenge, the innovations had a good credit scoring that ENGIE looked at. Thereby providing proper, accurate, efficient and relevant business intelligence to improve and optimize the prospection and acquisition of future customers. In addition, financing schemes for its existing and future customers, and scenarios to valorise customer data that aim to design customer profiles and match offers to customer needs.

The French multinational energy utility company partnered with Africa Tech Summit in awarding the most promising innovation; Superfluid Labs.

“The company has a good customer orientation. I think that the product and the team is quite agile and may provide a solution that fits with our needs. We are eager to consider a partnership with them,” said, Carole Henry; Head of Innovation and Digital at ENGIE Africa.

Superfluid is a data analytics firm delivering proprietary platforms for digital lending, credit scoring module development, business intelligence and consumer scoring platforms powered by data analytics and Artificial Intelligence.

Winning the challenge, they secured a testing phase for their solution with ENGIE. They’ll be able to test the efficiency and viability of their solution in the relevant environment within the ENGIE Africa business framework over a period of six months. Prospective locations for the testing phase are South Africa, Nigeria, Uganda, Kenya, Rwanda, Ivory Coast, Morocco, Tanzania, and Benin.

Based on the results from the testing phase, the solution would be integrated within the ENGIE Africa business portfolio for further co-development.

Should such a pilot not prove feasible, ENGIE will provide the company with USD$5,000 (approx. UGX18.4 million, KSH503,000) in cash funding.

Emata a product of Laboremus Uganda — is a digital agricultural bank providing farmers with affordable loans by utilizing end-to-end digital processes, data-backed risk analytics, and a mobile-based distribution model.

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