Wema Bank, one of Nigeria’s leading commercial banks, announced on Monday the opening of applications for its Hackaholics Accelerator 2026, a programme designed to support and scale Nigerian technology startups. The initiative targets startups that have been in operation for at least two years and are already generating revenue.
The Hackaholics Accelerator offers selected participants mentorship, technical support, and access to a network of investors and corporate partners. The programme also provides guidance on scaling operations, refining business models, and navigating the competitive technology landscape in Nigeria and beyond.
Participants are expected to commit to the full duration of the hybrid programme, which combines online sessions with in-person workshops and networking events. Interested startups must submit applications through Wema Bank’s dedicated online portal.
“The Hackaholics Accelerator reflects our commitment to nurturing innovation and supporting the growth of Nigeria’s technology ecosystem,” said a spokesperson for Wema Bank. “We are particularly focused on startups that have demonstrated resilience, revenue generation, and a potential for scale. Our goal is to equip founders with the tools, mentorship, and connections necessary to take their businesses to the next level.”
Since its inception, Hackaholics has emerged as one of Nigeria’s notable fintech and tech startup accelerators, helping early-stage companies gain visibility, attract investment, and establish strategic partnerships. The programme has been credited with assisting startups across fintech, e-commerce, healthtech, and other technology-driven sectors.
Industry analysts say that Nigeria’s tech sector continues to expand rapidly, buoyed by a growing population of digital-savvy consumers, rising smartphone penetration, and increasing interest from investors in African innovation hubs. However, startups often face challenges, including limited access to funding, mentorship, and operational guidance. Initiatives such as Hackaholics aim to bridge these gaps.
“The Nigerian tech ecosystem is at a critical juncture, and accelerators like Hackaholics play a pivotal role in fostering growth and sustainability,” said a Lagos-based fintech analyst. “Providing structured mentorship and investor access can make the difference between early-stage survival and scaling into a competitive regional player.”
Past cohorts of Hackaholics have benefited from partnerships with multinational corporations, venture capital firms, and technology incubators. These connections allow startups to test new products, refine operations, and gain insights from experienced industry professionals.
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The 2026 edition of Hackaholics is expected to continue this trajectory, supporting a new cohort of innovative Nigerian startups and offering tools for long-term growth. Startups that successfully complete the programme may gain further investment opportunities and visibility within Nigeria’s broader technology ecosystem, both domestically and regionally.
Applications are open to startups that meet the programme criteria and demonstrate strong potential for growth. Founders are encouraged to provide detailed business information, including current revenue streams, operational history, and growth plans, as part of the application process.
By combining financial backing, mentorship, and industry connections, Wema Bank aims to accelerate the development of Nigeria’s technology sector and reinforce its position as a supporter of innovation-driven businesses. The Hackaholics Accelerator represents a strategic effort to foster entrepreneurship, generate employment, and contribute to the broader growth of Nigeria’s digital economy.
With Nigeria emerging as a leading hub for technology startups in Africa, initiatives like Hackaholics 2026 are expected to play an increasingly important role in shaping the future of innovation across the continent.
