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Home Business StartUPs

Nigerian Startup, Drugstoc, Wins Global Visa Everywhere Initiative 2023

by Joan Aimuengheuwa
September 26, 2023
in StartUPs
0
Drugstoc, Wins Global Visa Everywhere Initiative 2023
Chibuzor Opara of DrugStoc with the star prize (mock cheque)

Chibuzor Opara of DrugStoc with the star prize (mock cheque)

UBA
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Drugstoc, an innovative startup that leverages technology to enhance access to health care has been announced as the overall winner of the 2023 Global Visa Everywhere Initiative (VEI) – an open innovation program and competition for start-ups and fintech companies, targeted at solving the payment challenges of tomorrow through innovation.

The startup also won the Audience Favorite award.

Drugstoc, Wins Global Visa Everywhere Initiative 2023
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Chibuzor Opara of DrugStoc with the star prize

The finale was hosted on September 19 during TechCrunch Disrupt in San Francisco, CA where this year’s VEI finalists pitched their payment solution to an esteemed panel of judges.

As a vital component of the program, Visa has made its network available to drive inclusive economic growth with the goal of giving everyone, everywhere, access to the global economy.

Notably, minority-owned businesses have tripled after the pandemic, introducing new ideas for the fintech space.

The 2023 VEI program saw a significant uptick in diverse applicants, with women-led businesses representing nearly half of this year’s entrants.

Drugstoc, Wins Global Visa Everywhere Initiative 2023
Techcrunch Distrpt

Last year, ThriveAgric, another Nigerian startup that provides smallholder farmers access to finance, insights, and distribution was crowned the 2022 winner of VEI.

VEI is an open innovation program and competition for start-ups and fintech companies, targeted at solving the payment challenges of tomorrow through innovation.

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  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

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Tags: DrugStocTE DisruptTechCrunchThriveAgricVEI
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

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