By Peace Udugba -The daily torch media
Wema Bank has launched the 2026 cohort of its Hackaholics Accelerator Programme, admitting ten startups into the growth-focused initiative designed to help promising Nigerian ventures scale sustainably and attract investment.
The Hackaholics Accelerator, a selective development programme under the bank’s Hackaholics innovation platform, aims to strengthen startup business models through structured mentorship, strategic guidance and access to industry networks. The initiative builds on the bank’s longstanding commitment to innovation, including the launch of ALAT, Africa’s first fully digital bank.
After six years of nurturing innovation through Hackaholics competitions, the bank is now expanding its focus beyond ideation to hands-on startup building. The 2026 cohort comprises ten startups drawn from the top-performing finalists of Hackaholics 6.0. They include Farmslate, Ploy, Stocmed, Feest (Chao), Varsityscape, MamaAlert, Sane, Cyclex, Kieva and Loocomo.
Speaking on the programme, Managing Director and Chief Executive Officer Moruf Oseni said the accelerator reflects the bank’s determination to support founders beyond the early idea stage and help transform promising innovations into sustainable businesses. He noted that Hackaholics has evolved into a platform showcasing Nigeria’s entrepreneurial potential and driving digital solutions across industries.
Chief Transformation Officer Babatunde Mumuni added that the accelerator would guide founders through a structured process aimed at strengthening market traction and preparing them for long-term growth.
Participants will undergo intensive training sessions facilitated by industry experts across critical areas such as strategy, data transformation, investment readiness and business development. The programme is supported by the bank’s broader innovation ecosystem, including IDEAx Labs and its corporate venture initiatives.
Since its launch in 2019, Hackaholics has attracted more than 15,000 applicants and supported hundreds of digital solutions nationwide. The bank has also disbursed over $400,000 in funding to young innovators and startup founders, with previous participants including Feegor, Myitura and Bunce. The latest edition is expected to further accelerate the transition of startups from innovation to measurable growth.
