PaySail Wins DEMO LION Award at DEMO Africa 2014

admin | Monday, September 29th, 2014

MESTPaySail

MEST Incubator’s PaySail has been named one of five DEMO LIONS, which was awarded to the top five teams at the just-ended DEMO Africa 2014 conference. Sponsored by the US State Department, these teams will go on to pitch at DEMO US in November on a more global platform, where they will present their products to investors and attend mentorship programs.

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PaySail is the simplest way for Ghanaian businesses to run payroll, generate the appropriate tax and social security filings and reports, and pay their employees each month. In addition to the fully sponsored trip to DEMO in Silicon Valley, PaySail will enjoy free hosting and other cloud services through Microsoft’s BizSpark program. Finally, PaySail is also eligible for $100,000 in grants.

The two-day DEMO Africa conference saw speakers and representatives from the US State Department, Microsoft, Accenture, Evernote, and more. PaySail received special recognition from Ngozi Bell of the US State Department who commended the team following their 6-minute pitch, saying that she admired the clean focus of the product, as well as how PaySail empowers local SMBs. PaySail was also joined at the conference by another Meltwater Incubator company, Beam, a bitcoin-powered remittance company that empowers Ghanaians and Nigerians in the diaspora provide for loved ones back home instantly and affordably.

Executive Product of DEMO Africa Harry Hare echoed the excitement over at MEST, saying, “We are very excited that the five startups will have this opportunity.” PaySail will be joined in November by the other top four companies: Jifunza (Rwanda), Nerve (Nigeria), Chura (Kenya) and SpacePointe (Nigeria).