On July 16, 2020, Dedalus Global, Africa Fintech Summit, and Ovamba Solutions, Inc. co-hosted their first virtual event "Dissecting the Issue: Virtual Sandbox Event." Ashley Smith, Chief Brand Officer of Dedalus Global, in her introductory remarks mentioned the 'need to expand and explore Africa’s business ecosystem and the role of stakeholders’. We were excited to have the keynote speech delivered by Prof. Olayinka David-West who leads Lagos Business School's Program for Sustainable & Inclusive Digital Financial Services Initiatives. She talked about the 'need to drive collaboration, partnership and innovation to create markets and address social and business challenges in African Markets’. The event was moderated by Viola Llewellyn, President of Ovamba and featured six stakeholders: Chika Ugwueze, Acting Head of the Payments System Initiatives Division from the Central Bank of Nigeria; Olubunmi Abayomi-Olukunle, Founding Partner of Balogun Harold Legal; Lexi Novitske, Managing Partner of Acuity Ventures; Dr. Anino Emuwa, Founder & Managing Director of Avandis; Frank Atat, Divisional Head of eBusiness at ProvidusBank Plc; fellow Fintech innovator, Tomilola Adejana, Chief Executive Officer of Bankly; and serial entrepreneur, Franklin Amoo, Partner of Baylis Emerging Markets.
At the center of the event was George Obed, Chief Executive Officer, Nomad Money. The Nigerian-based company was selected as the finalist from amongst a number of applicants who applied to be the 'case study' of the virtual sandbox. The purpose of "Dissecting the Issue: Virtual Sandbox Event" was to take a deeper look into the FinTech innovation ecosystem from the perspective of all of the above mentioned stakeholders in order to highlight and resolve the real challenges faced by Nomad Money in the Nigerian market. Leland Rice, CEO of Dedalus closed out the Virtual Sandbox on a high note stating that 'there has never been a better time or forum to support the FinTech sector and the businesses in it'.