Sagentia has won the telecommunications category at the Institution of Engineering and Technology’s Innovation Awards in London.
Sagentia, a Cambridge-based management and product development company, won the telecommunications category at the Institution of Engineering and Technology’s (IET’s) Innovation Awards in London.
The Innovation Awards selected winners in 15 categories and attracted hundreds of global entries. Sagentia’s winning entry was for a mobile technology platform, M-PESA.
Launched in Kenya last year, M-PESA was developed for Vodafone to provide secure financial services to people without access to banking. M-PESA signed up 200,000 customers in its first 18 weeks and now has more than 1.6 million customers, growing at a rate of 200,000 customers per month.