Kifiya Becomes First Ethiopian Fintech to Receive Prestigious “Product Innovation of the Year” Award at the Global Small and Medium-Sized Enterprises (SME) Finance Awards 2024

EQS-News: Kifiya Financial Technology / Key word(s): Miscellaneous Kifiya Becomes First Ethiopian Fintech to Receive Prestigious “Product Innovation of the Year” Award at the Global Small and Medium-Sized Enterprises (SME) Finance Awards 2024 19.09.2024 / 19:10 CET/CEST The issuer is solely responsible for the content of this announcement. Kifiya Becomes First Ethiopian Fintech to Receive Prestigious “Product Innovation of the Year” Award at the Global Small and Medium-Sized Enterprises (SME) Finance Awards 2024

This recognition highlights the company’s commitment to building a digitally and financially inclusive future by leveraging AI and cutting-edge technology

ADDIS ABABA, Ethiopia, September 19, 2024/APO Group/ -- Kifiya (www.Kifiya.com), a leading AI-powered, alternative data-driven scoring, embedded finance, and AgTech company, has been awarded the prestigious Silver Award in the Product Innovation of the Year category in Africa at the Global SME Finance Awards 2024, held as part of the Global SME Finance Forum in São Paulo, Brazil on September 17, 2024.

The Global SME Finance Awards, organized by the International Finance Corporation (IFC) and the SME Finance Forum, recognizes and celebrates institutions that have delivered innovative products and services and achieved impressive results in expanding finance and services to SMEs. Kifiya is the first Ethiopian company to win this award. This recognition highlights the company’s commitment to building a digitally and financially inclusive future by leveraging AI and cutting-edge technology to bridge the credit and market access gap in Sub-Saharan Africa.

"Receiving this award reflects our ongoing dedication to empowering African MSMEs, SHFs and low-middle-income individuals through AI-powered and data-driven solutions," said Munir Duri, CEO and founder of Kifiya. "This also demonstrates Ethiopia's new-found drive for innovation led by the reforms instituted by our Prime Minister, Dr. Abiy Ahmed, which have created an enabling environment and policies that foster and encourage innovation, allowing companies like ours to thrive."