Wema Bank Announces the 6th Edition of Hackaholics, Themed “Beyond Algorithms: Engineering Disruptive Innovation”

Wema Bank Announces the 6th Edition of Hackaholics, Themed “Beyond Algorithms: Engineering Disruptive Innovation”

…Introduces Accelerator Program for Startups

Wema Bank, Nigeria’s most innovative bank and the pioneer of Africa’s first fully digital bank, ALAT, has announced the launch of Hackaholics 6.0, themed “Beyond Algorithms: Engineering Disruptive Innovation.” The announcement was made at a press conference held in Lagos.

The sixth edition of Hackaholics has been expanded to integrate both hackathon and ideathon formats, creating a dynamic platform where developers, designers, business strategists, and problem solvers can collaborate to tackle real-world challenges. With a strong focus on harnessing cutting-edge technology—particularly artificial intelligence (AI)—Hackaholics 6.0 aims to drive transformative change across key industries such as education, healthcare, sustainable agriculture, and financial inclusion.

A key highlight of this edition is the introduction of the Wema Bank Accelerator Program, designed to bridge a critical gap in startup development—funding without strategic support. The program will serve as a launchpad for transformative ideas, providing mentorship, funding, and access to strategic networks to help startups scale successfully.

In line with Wema Bank’s vision for continental growth, Hackaholics 6.0 will extend beyond Nigeria, with activations in key African tech hubs. This expansion supports the bank’s goal of fostering a pan-African innovation ecosystem, connecting talent to accelerate ideas, and positioning Wema Bank as a leader in shaping Africa’s digital future.

Wema Bank’s Commitment to Innovation

Moruf Oseni, Managing Director and CEO of Wema Bank, shared his vision for Hackaholics 6.0: “Hackaholics was created to empower Nigeria’s brightest minds to solve real-world problems and drive technological advancements. This year, as we celebrate our 80th anniversary, we are taking it a step further with Hackaholics 6.0. This edition is not just about solving problems; it’s about engineering disruptive innovation that will reshape industries and transform lives.

To support this vision, we are introducing the Wema Bank Accelerator Program, a strategic initiative designed to provide startups with the tools, mentorship, and resources they need to scale and thrive. Hackaholics 6.0 is more than an event; it is a movement to empower the next generation of problem solvers and shape the future of Nigeria and Africa.”

Oseni also emphasized how innovators can participate: “We invite developers, designers, business strategists, and problem solvers from across Africa to join this transformative journey. Whether you are at the ideation stage or already have a market-ready solution, Hackaholics 6.0 and the accelerator program are designed to support you. Visit hackaholics.wemabank.com to apply and be part of this movement to engineer disruptive innovation that addresses real-world challenges and creates lasting impact.”

Previous Winners Share Their Experience

Ugonna Ginigeme, Co-Founder and CEO of Feegor and the grand prize winner of Hackaholics 5.0, expressed his gratitude and excitement at the press conference: “We emerged as the winner, The Meta Lord, at Hackaholics 5.0. It was a very exciting moment, and it still is! At Feegor, we are not just building a Nigerian startup—we are building for the African market. We believe we will be number one, and we are super excited to have Wema Bank as a trusted partner. I encourage every startup, developer, and entrepreneur focused on building an amazing startup to apply. With Wema Bank as a partner, success is guaranteed.”

Since its launch in 2019, Hackaholics has empowered Nigeria’s brightest minds to solve real-world problems, drive technological advancements, and support groundbreaking startups.

As Hackaholics 6.0 kicks off, Wema Bank reaffirms its commitment to fostering problem solvers who will reshape Nigeria’s future and drive transformative change across Africa.