A team of Hult International Business School students have leapt into the regional finals of the Hult Prize – the world’s largest student competition – with their idea for a digital payments platform specifically tailored for refugees.
Founded in 2009 by Hult graduate Ahmad Ashkar, the Hult Prize fosters the creation of for good, for profit businesses to tackle global issues. This year’s theme – ‘Refugees – Reawakening Human Potential’ – focuses on restoring the rights and dignity of the world’s 60 million-to-one billion refugees.
Gopi Bhudia, captain of the winning ‘Team Faeth,’ came up with the idea for the ‘E-Vacuate’ app on a trip to India. There, she was inspired by the trend of demonetization and the opportunity to take digital payments to rural consumers…
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