Omanghana
MobileMoney Fintech Limited has opened applications for the maiden edition of the MoMo Fintech Lab, a nationwide program created to identify, develop and accelerate Ghana’s next generation of financial technology innovators.
Students, software developers, entrepreneurs, startups and other innovators with ideas capable of addressing financial challenges are invited to apply before September 30, 2026.
Applications are free and may be submitted by individuals or teams through the MoMo App.
Building Ghana’s Next Generation of Fintech Solutions
The program was officially launched on August 12, 2026, at the Accra Marriott Hotel in partnership with the Bank of Ghana and other organizations within the country’s financial technology ecosystem.
Operating under the theme “Build with MoMo” and the tagline “Build the Next Wave of Fintech,” the initiative seeks to help participants transform promising ideas into practical, scalable and commercially viable products.
The Lab will connect selected innovators with regulators, financial institutions, technology companies, investors, universities and innovation hubs.
It is also expected to strengthen Ghana’s fintech talent pipeline and encourage the development of locally created solutions that improve financial inclusion, support businesses and enhance the safety of digital transactions.
Four Innovation Tracks Available
Applicants must submit ideas that fall under at least one of the program’s four focus areas.
1. Everyday Payments and Financial Access
This track focuses on solutions that make everyday financial transactions easier, faster and more accessible.
Ideas could address challenges involving person-to-person transfers, bill payments, remittances, savings, credit access or financial services for underserved communities.
2. Business and Merchant Growth Tools
Applicants selecting this category are expected to develop products that help businesses operate more effectively.
Solutions may include payment tools, digital bookkeeping systems, inventory management platforms, merchant analytics, access to business financing or services that help small enterprises reach more customers.
3. Trust, Security and Digital Identity
This track concentrates on strengthening confidence and safety within the digital financial system.
Innovators may propose solutions addressing fraud prevention, customer verification, cybersecurity, digital identity, transaction monitoring or consumer protection.
4. Future Finance and Connected Ecosystems
The fourth category is designed for emerging technologies and ideas capable of shaping the future of financial services.
These may include solutions involving artificial intelligence, connected devices, embedded finance, open financial systems or platforms linking financial services with industries such as transport, agriculture, health and education.
Finalists to Receive Cash and Technical Support
Twelve finalist teams will be selected to participate in the next stage of the program.
The finalists will receive a support package that includes cash awards, digital devices, mentorship, bootcamp training, hackathons, incubation assistance and exposure to major industry stakeholders.
The overall winner could receive up to GH¢100,000.
Participants will also have an opportunity to refine their business models, strengthen their technical solutions and receive guidance on regulatory and commercial requirements.
The program will culminate in a National Demo Day, where finalists will present their products to representatives from the financial, technology and investment sectors.
How to Apply for the MoMo Fintech Lab
Interested individuals and teams must submit their applications through the MoMo App by following these steps:
- Download the MoMo App from the Google Play Store or Apple App Store. Existing users can open the app already installed on their devices.
- Log in using a registered MoMo number and PIN or the available biometric option.
- Select the MoMo Fintech Lab banner displayed on the app’s home page.
- Complete the application form with the required personal or team information.
- Describe the proposed fintech idea or solution and identify the problem it is intended to solve.
- Select the most appropriate innovation track.
- Choose a preferred program zone from Accra, Kumasi or Tamale.
- Attach any requested supporting information and submit the completed application before September 30, 2026.
Applicants should clearly explain how their solution addresses a real problem, who would benefit from it and how the idea could be developed into a sustainable product or service.
Program Receives Industry Support
The MoMo Fintech Lab is supported by several organizations operating within Ghana’s financial and technology ecosystem. Partners and sponsors include Hubtel, APPSN Mobile, Zenith Bank, Korba, Blue Penguin and Jumo.
Chief Executive Officer of MobileMoney Fintech Limited, Shaibu Haruna, said the initiative was designed to give innovators a platform to develop solutions with practical relevance.
The Head of the FinTech and Innovation Office at the Bank of Ghana, Owureku Asare, also emphasized the importance of responsible innovation, collaboration and regulatory engagement in creating a secure and inclusive digital financial system.
Communications, Digital Technology and Innovations Minister Samuel Nartey George challenged Ghanaian innovators to use the platform to build homegrown technologies capable of competing across Africa and the wider global market.
Deadline Set for September 30
All applications must be submitted through the MoMo App no later than September 30, 2026.
Interested innovators are encouraged to apply early and provide enough information for evaluators to understand the purpose, target users and potential impact of their proposed solutions.
Further program details and application instructions are available through the MoMo Fintech Lab banner in the app.
Source: Omanghana
