Wema Bank Unveils 7th Edition of Hackaholics, Introduces New Tracks and Expanded Opportunities for African Innovators

Wema Bank, Nigeria’s oldest indigenous national bank and pioneer of Africa’s first fully digital bank, ALAT, has officially announced the 7th edition of its flagship innovation initiative, Hackaholics.

The announcement was made at a press conference held on July 1, 2026, at the bank’s head office in Lagos, Nigeria.

Launched in 2019, Hackaholics is Wema Bank’s youth-focused, technology-driven platform designed to empower young Africans with transformative ideas, providing them with the tools, exposure, and funding needed to bring their innovations to life. Over the past six editions, the initiative has made a significant impact across the continent—supporting over 10,000 startups, engaging more than 50,000 participants, and developing over 100 solutions from inception. In addition, the platform has disbursed over $500,000 in grants to outstanding innovators.

With the launch of Hackaholics 7.0, Wema Bank is set to deliver its most expansive edition yet.

Themed “Powering Possibilities,” this year’s programme will commence with an open call for applications, inviting young Africans with innovative, tech-driven solutions across seven key verticals: Financial Inclusion, Healthcare, Digital Transformation, Education, Sustainability, Social Impact, and the Future of Work.

Applicants can submit their entries via the Hackaholics portal under any of three tracks: the Startup Pitch Competition, the Hackathon, and the newly introduced Social Impact Track—designed to spotlight solutions that address pressing societal challenges.

Following the application phase, Hackaholics 7.0 will embark on a nationwide tour, covering 10 pitch centres across Nigeria’s six geopolitical zones. These centres will serve as regional hubs where innovators can present their ideas, compete for top positions, and earn a place at the grand finale, where winners will be unveiled.

Speaking on the initiative, Wema Bank’s Managing Director/CEO, Moruf Oseni, emphasized the institution’s long-standing commitment to innovation and youth empowerment.

“At Wema Bank, we believe our responsibility goes beyond delivering financial services. We are committed to creating meaningful opportunities, enabling innovation, and supporting ecosystems that will shape the future of our youth and the economy. Hackaholics represents our investment in the next generation—empowering innovators, strengthening Nigeria’s tech ecosystem, and driving solutions that create real impact,” he said.

Also speaking at the launch, Tajudeen Bakare, Divisional Executive, Business Support at Wema Bank, encouraged young Nigerians to seize the opportunity.

“As we launch Hackaholics 7.0, we are opening a new chapter of possibilities for young innovators. We encourage every Nigerian with a passion for technology and innovation to take advantage of this platform, challenge themselves, and build solutions that can shape the future,” he stated.

Participation in Hackaholics 7.0 is free and open to all Nigerian youths with innovative ideas. Interested applicants can register via the official Hackaholics portal.

Further updates will be shared on Wema Bank’s website and its social media platforms.