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nourserghini

BiSmart - 0 views

  • Bismart Insurance enables the uninsured African population to access Insurance through co-creating relevant products with existing affinity groups like saccos, schools, welfare groups, Micro-finance institutions etc and connecting them to insurance companies through technology. 
    • tahaemsd
       
      customers are able to review and rate their insurance providers based on their experience
  • Bismart Insurance enables the uninsured African population to access Insurance through co-creating relevant products with existing affinity groups like saccos, schools, welfare groups, Micro-finance institutions etc and connecting them to insurance companies through technology.  At Bismart platform customers are able to reveiw and rate their insurance providers based on their experience, this forces insurance players to compete in giving our customers the best customer experience.
    • aminej
       
      I love this concept because it will help many Africans to be protected against different types of risks such as natural disaster, theft, weather conditions. It will also reduce the number of unbanked people across the African continent
  • At Bismart platform customers are able to reveiw and rate their insurance providers based on their experience, this forces insurance players to compete in giving our customers the best customer experience.We enable customers to compare insurance policies from muiltiple providers not just based on price but based on benefits, exclusions and other customers reviews.
    • nourserghini
       
      Bismart allows customers to compare their insurance providers' services based on price, benefits, exclusions and reviews.
mohammed_ab

Kenyan insurtech startup Pula raises $6M Series A to derisk smallholder farmers across ... - 1 views

  • Another startup is Apollo Agriculture which raised $6 million Series A, akin to Pula. Not only did the pair raise the same round, Apollo Agriculture and Pula both deal with providing financial resources to smallholder farmers.
    • nourserghini
       
      Apollo Agriculture is another rival in the industry that is also considered as a partner and complement in the industry.
  • Pula is solving this problem by using technology and data. Through its Area Yield Index Insurance product, the insurtech startup leverages machine learning, crop-cut experiments and data points relating to weather patterns and farmer losses, to build products that cater to various risks.But getting farmers on board has never been easy, Goslinga told TechCrunch. According to her, Pula has understood not to sell insurance directly to small-scale farmers, because they can suffer from optimism bias. “Some think a climate disaster wouldn’t hit their farms for a particular season; hence, they don’t ask for insurance initially. But if they witness any of these climate risks during the season, they would want to get insurance, which is counterproductive to Pula,” said the founder in a phone call.
  • Pula, a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million.The round was led by Pan-African early-stage venture capital firm, TLcom Capital, with participation from nonprofit Women’s World Banking. The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018.
    • aminej
       
      Pula has managed to raise over 6 million $ which is good for them since they will be able to help more farmers get insurance on their products. Keeping in mind that Agricultural insurance costs 4$ in Africa compared to other places where it costs at least 1000$
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  • Agriculture insurance has traditionally relied on farm business. In the U.S. or Europe with typically large farms, an average insurance premium is $1,000. But in Africa, where smallholding or small-scale farms are the norm, the number stands at an average of $4.It is particularly telling that the value of agricultural insurance premiums in Africa represents less than 1% of the world’s total when the continent has 17% of the world’s arable land. 
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    Pula studies the risks that they might find with small scale farmers. I like this kind of behavior because you need to study every possible problem so you can outcome it the best way possible.
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    What got my attention in this article is the disparity in insurance prices (premiums) between European and African countries. We see that the premiums for insurance for African farmers are only 1% the price of insurance for European farmers. This shows the big difference in purchasing power between African and European countries.
kenza_abdelhaq

GSMA | Lessons from Lumkani: Building resilience to fire in South Africa's informal set... - 1 views

  • Thanks to partnerships with NGO Islamic Relief South Africa, and insurance firm Hollard, residents are able to opt-in to a micro-insurance scheme which will insure their homes against damage or loss to fire. Early findings have shown this to be a critical lifeline to those impacted by fire outbreaks.
    • kenza_abdelhaq
       
      Lumkani partners working with the company to provide help and assistance to low-income families.
  • Building on the insights gained from the GSMA project, Lumkani plan to develop a suite of low-cost sensor technologies that would decrease the risk of fire as well as other risks such as flood or theft, and in turn create access to financial services which serve as a critical safety net. In addition, they will continue to work with the GSMA to pursue opportunities to roll out in numerous humanitarian contexts such as in Kenya, Iraq and Bangladesh.
    • kenza_abdelhaq
       
      Lumkani's future expansion plans include covering other incidents and risks likes flood and theft as well as rolling out in new areas and countries.
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    "Thanks to partnerships with NGO Islamic Relief South Africa, and insurance firm Hollard, residents are able to opt-in to a micro-insurance scheme which will insure their homes against damage or loss to fire. Early findings have shown this to be a critical lifeline to those impacted by fire outbreaks."
mehdibella

Credit scoring the unbanked - alternative solutions used in global markets | Penser - 0 views

  • JUMO builds its credit profiles using behavioral data gathered from mobile wallets, cell phones and transaction data.
  • JUMO is a transaction and predictive technology platform that partners with mobile network operators and banks to offer customers microloans and access to savings and insurance products. They are currently active in six markets – Ghana, Tanzania, Kenya, Uganda, Zambia and Pakistan – with plans to soon launch in India, Bangladesh, Côte d’Ivoire and Nigeria. JUMO has helped disburse over $1.6 billion in funding to small and micro enterprises, and has helped connect over 15 million people to credit and savings services.
    • hindelquarrouti
       
      Jumo is currently operating in different countries in Africa. It has been successful in funding small and micro enterprises, providing credit and saving services. Also, it collects behavioural data from transaction or even cell phones, this is very interesting as it contributes in creating financial identity.
  • JUMO builds its credit profiles using behavioral data gathered from mobile wallets, cell phones and transaction data.
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  • JUMO works with a number of mobile network operators and financial service providers, including Airtel, MTN, Telenor, Ecobank, Barclays Africa among others.
    • mehdibella
       
      They are currently active in six markets (Ghana, Tanzania, Kenya, Uganda, Zambia and Pakistan) with plans to soon launch in India, Bangladesh, Côte d'Ivoire and Nigeria.
  • This creates a financial identity and credit rating for low-income individuals and enterprises, who can then access savings, loan and insurance products through a mobile interface.
    • mehdibella
       
      JUMO has helped disburse over $1.6 billion in funding to small and micro enterprises, and has helped connect over 15 million people to credit and savings services.
  • JUMO is a transaction and predictive technology platform that partners with mobile network operators and banks to offer customers microloans and access to savings and insurance products. They are currently active in six markets – Ghana, Tanzania, Kenya, Uganda, Zambia and Pakistan – with plans to soon launch in India, Bangladesh, Côte d’Ivoire and Nigeria. JUMO has helped disburse over $1.6 billion in funding to small and micro enterprises, and has helped connect over 15 million people to credit and savings services.
  • JUMO builds its credit profiles using behavioral data gathered from mobile wallets, cell phones and transaction data. This creates a financial identity and credit rating for low-income individuals and enterprises, who can then access savings, loan and insurance products through a mobile interface. JUMO works with a number of mobile network operators and financial service providers, including Airtel, MTN, Telenor, Ecobank, Barclays Africa among others.
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    It makes a monetary identity and a financial assessment for low-pay people and organizations, who would then be able to get to reserve funds, credits through mobile phone.
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    JUMO is a very interesting company that offers many important services like micoloans and insurance products. I believe that this company is doing a great business because of its variety of important services.
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    Jumo is currently operating in different countries in Africa. It has been successful in funding small and micro enterprises, providing credit and saving services. Also, it collects behavioural data from transaction or even cell phones, this is very interesting as it contributes in creating financial identity.
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    This article explains the procedures and technology used by JUMO in order to create a credit rating for its customers. This credit rating allows the company to know the amount of loan they can give to someone.
mohammed_ab

The Complex Insurance Coverage Reporter - September 2020 - The Complex Insurance Covera... - 0 views

  • Over the last decade, there has been a global increase in the focus on climate change and the risks and dangers associated with it. And for good reason. Damage from climate-related disasters was in the billions of dollars in 2019 alone. California wildfires caused $25 billion in property damage, while Typhoon Hagibis in Japan cost an estimated $15 billion. Other extreme weather events, including rampant brush fires in Australia, widespread droughts in East Africa and severe flooding in South Asia, have had devastating consequences.
  • Like Kin, NYC-based WorldCover was created in response to climate-related disasters. It works to provide drought insurance to farmers in Africa. When first launched, WorldCover was available only in Ghana and covered only one crop: maize. Since then, the company has expanded to multiple markets in East and West Africa, covering four categories of crops: cereals, legumes, root vegetables and perennials. WorldCover uses a combination of satellite imagery and on-the-ground sensors to understand local weather patterns in order to create insurance options for farmers facing some of the world’s worst droughts. The company uses its satellites to monitor rainfall patterns and trigger payouts immediately.
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    I think that the testing phase of WorldCover was very smart. World Cover started offering micro-insurance for only one type of crop which is maize. After a great success with this type of crop, the company started to broaden its coverage to other types of crops and to other markets like East and West Africa. The company uses machine learning and satellite imagery to analyze the weather and the land of the farmers which in my opinion helps the company in being very accurate and efficient.
tahaemsd

How Can Insurance Help Smallholder Farmers? | by Maelis Carraro | Finance for Life | Me... - 0 views

  • Robert is a father of four and lives in the rural areas at the outskirts of Tamale, in northern Ghana. He lives off his one hectare of land where he grows maize and groundnuts. He sells part of it to the local market and eats the rest with his family. Like many of the 475 million smallholder farmers around the world, he faces constant threats of droughts or other weather hazards that can destroy his family’s main source of subsistence: Crops. Ninety percent of farmers in Africa have no access to crop insurance or other safety net.
  • WorldCover addresses this problem by providing farmers with simple and affordable microinsurance policies, insuring their crops against the risk of drought. Microinsurance and farmers receive rapid payout in cases of drought during the crop growth period. WorldCover ran a full pilot project in 2015 among Rice and Sorghum farmers and signed up a significant number of farmers, with many more committed.
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    We understand from this article that there is a real struggle for crop farmers in Africa when it comes to droughts or other weather hazards. World Cover has come up with a solution for these farmers by providing them micro insurance that is very cheap and that could be bought and used with their mobile phone.
ghtazi

About Us - cassava fintech - 1 views

  • Cassava FinTech is a pan-African business using an integrated model to drive financial inclusion and digital transactions across the continent. Our core operations in Mobile Money, Social Payments Services, Digital Banking, International Remittances and Mobile Micro Insurance with presence in Zimbabwe, South Africa, Burundi, Lesotho and UK and partnerships in other African countries
    • ghtazi
       
      Cassava fintech is a Pan-African business, they try to use an integrated model to accelerate the continent's financial inclusion and digital transactions. the company has many innovative digital solutions: such as mobile money, social payments, payments services, digital banking, micro insurance, sasai.
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    Financial inclusion is indeed the main aim of Cassava FinTech.
mehdibella

AgroCenta: Digital food distribution platform creating shared value for businesses and ... - 2 views

  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics. LendIt, our financial inclusion platform enables farmers access digital services such mobile money payments for commodities sold, micro-lending/input financing, crop insurance and pension scheme for the informal sector.
    • nouhaila_zaki
       
      This excerpt is important because it highlights how AgroCenta solves two persistent problems in the Ghanian agricultural value chain. First, agricultural supply chain management is ensured through the Cropchain platform. Second, the financial inclusion mission of the company is ensured by the LendIt platform.
  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics. LendIt, our financial inclusion platform enables farmers access digital services such mobile money payments for commodities sold, micro-lending/input financing, crop insurance and pension scheme for the informal sector.
    • aminej
       
      This article shows that AgroCenta is built around an online trading platform which connects smallholder farmers to a larger structured market. It was founded by two ex-esoko employees Francis Obirikorang and Michael K. Ocansey in 2015. It is located in Ghana and more precisely in the capital which is Accra. The service is used through a smartphone so the main target customer here will be small holder farmers who have a phone.
  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities. 2 Facilitating trade deals on behalf of Smallholder farmers. Agents deal with buyers who wish to purchase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily. 3 Gathering market information and statistical data. Agents are assigned to major trading markets across the country to collate data on market pricing for various commodities. This information is relayed to smallholder farmers via Voice technologies in languages they read and understand.
    • sawsanenn
       
      This excerpt is important because it shows how Agrocenta's agents help smallholder farmers, what are the responsibilities they have towards their customers. Plus, it encourage other farmers to join the digitalization world to improve their businesses.
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  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities. 2 Facilitating trade deals on behalf of Smallholder farmers. Agents deal with buyers who wish to purchase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily. 3 Gathering market information and statistical data. Agents are assigned to major trading markets across the country to collate data on market pricing for various commodities. This information is relayed to smallholder farmers via Voice technologies in languages they read and understand.
    • sawsanenn
       
      This excerpt is important because it shows how the Agrocent'as agents help the smallholders' farmers access different financial services, plus it encourages the other farmers to join the digitalization world and develop their businesses
  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics.
    • mehdibella
       
      this section shows how much Agrocenta is dealing with its supply chain management to allow farmers benefit from different schemes
  • AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities.
    • mehdibella
       
      AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
  • ase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily.
  • AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
    • ghtazi
       
      this part is important because we can see how devoted and dedicated is agrocenta when it comes to choosing their team
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    Some of the advantages that will come with this platform are reducing unemployment and connecting between the lower social class and the high social class in order to develop relations and improve their services. Farmers will gain more profit since it will become more regulated and distribution facilities will be smoother between the two
aminej

About Us - cassava fintech - 0 views

  • Cassava FinTech is a pan-African business using an integrated model to drive financial inclusion and digital transactions across the continent. Our core operations in Mobile Money, Social Payments Services, Digital Banking, International Remittances and Mobile Micro Insurance with presence in Zimbabwe, South Africa, Burundi, Lesotho and UK and partnerships in other African countries.
    • hibaerrai
       
      Cassava allows customers to make online money transfers and digital payments. It increased financial inclusion in the country.
  • We are a global fintech pioneer, providing solutions for the financially excluded one product at a time. We are all about convenience for our customers, growth for our partners, and financial access for all. The need to solve wicked problems is what drives our innovative spirit.
    • aminej
       
      It is good to see that even countries such as Lesotho are getting more and more developed through the creation CASSAVA that will enable many people to understand different services such as digital banking, mobile money, social payments and micro assurance.
kenzabenessalah

Cassava Fintech | AFRIKTA Burundi - 0 views

  • Cassava FinTech is a pan-African business using an integrated model to drive financial inclusion and digital transactions across the continent. Our core operations in Mobile Money, Social Payments Services, Digital Banking, International Remittances and Mobile Micro Insurance with presence in Zimbabwe, South Africa, Burundi, Lesotho and UK and partnerships in other African countries.
    • kenzabenessalah
       
      Cassava does not only facilitate banking services, but it in the insurance, remittance, and mobile sector as well.
kaoutarchennoufi

HEYA fawry Initiative - 0 views

  • Heya- fawry is an initiative in collaboration with arab women enterprise fund, Baheya, AXA and unilever to empower women, increase their opportunities in the financial market and help them to climb up the financial inclusion pyramid in Egypt Fawry as the leading e-payment network in Egypt is supporting poor and disadvantaged women by training them to become Heya fawry-agents, providing POS machines offering them complementary micro-insurance coverage. Ultimately, this initiative will allow poor unbanked women to have access to life-enhancing financial services (mobile top-ups, bill payments, money transfers, microloan payments, as well as essential nutrition and healthcare goods) directly via their nearest Fawry’s agents to raise income for them and their families and to enhance the well-being of the society. Fawry’s main aim is “to ensure that women access our services in the same extent as men do”
    • kaoutarchennoufi
       
      It is very appreciable and significant to see big cooperates thinking about women and their desires and putting on actions to help them achieve their dreams. Fawry has launched the"Heya-Fawry initiative in order to empower women by encouring them to become Fawry's agents so that they can provide them with different kinds of help such as insurance coverage, POS machines... This is very exceptional!
mohammed_ab

State of play: Fintech in Nigeria - The Economist Intelligence Unit (EIU) - 0 views

  • Nigerian fintechs are branching out from payments into lending, micro-investment, wealth management, peer-to-peer transfers and insurance. Payments and remittances are the most developed subsector to date. The country has seen a surge of new and simplified apps to help merchants, businesses and consumers. Mainstream banks, initially slow to react to the digital era, have quickly adapted to offer apps and tools in areas like loans, while non-traditional players—including telecom companies and retailers such as supermarkets—are entering the finance space. 
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    I think that this article is very interesting as it shows how Nigerian fintechs are starting to consider more service offerings. It's not just about payment anymore, these Nigerian fintech started to focus more on lending, insurance, and wealth management.
kenzabenessalah

Cassava Fintech | Gauteng - 0 views

  • Cassava FinTech is a pan-African business using an integrated model to drive financial inclusion and digital transactions across the continent. Our core operations in Mobile Money, Social Payments Services, Digital Banking, International Remittances and Mobile Micro Insurance with presence in Zimbabwe, South Africa, Burundi, Lesotho and UK and partnerships in other African countries.
    • kenzabenessalah
       
      The fact that Cassava made partnerships with Zimbabwe, South Africa, and other African countries means that it is targeting different segments bit by bit which is a plus for the company.
mbellakbail69

WSA IMPACT STORIES AGROCENTA | WSA - 0 views

  • Since 2017, AgroCenta has successfully completed two rounds of funding to the tune of $750,000 to expand operations in Ghana. In 2017, AgroCenta won the Seedstars Global Competition against other 72 startups from emerging markets across the globe. AgroCenta has grown its farmer base to 45,000 providing additional services of access to finance for smallholder farmers, bringing smallholder farmers onto the financial sector to enjoy services such as crop insurance, micro lending/input financing, mobile payments through mobile money and finally pensions schemes targeted at farmers and beneficiaries in the informal sector with special attention to women and youth. Since 2017, AgroCenta has helped over 28,000 farmers sell over 20,000MT of commodities to large, medium and small scale buyers across the country.   In December 2018, AgroCenta won a grant of $250,000 from GSMA Ecosystem Accelerator Fund to further build its financial inclusion platform AgroPay targeted at rural smallholder farmers.
    • mbellakbail69
       
      This start-up in agriculture has an impact and works towards zero starvation. Farmers make more profits by directly selling the goods to the off-taking companies and the company agrees to bring the products in a record time from point A to B, by passing intermediaries and paying wide price ranges.
tahaemsd

Zeepay - Home - Click and Send - 0 views

  • Zeepay is the fastest growing fintech focusing on digital rails to connect digital assets such as mobile money Wallets, Cards, ATMs, Bank Account and Digital Tokens to International Money Transfer Operators, Payments, Subscriptions, International Airtime and Refugee payments. In an effort to improve financial inclusion and make the world a better place to live. We are a Mobile Financial Services Company with Offices around the World including the United Kingdom and regulated by the Financial Conduct Authority and other Regulators across Africa.
    • tahaemsd
       
      Mobile Financial service company that take care of mobile money, remittance, domestic transfers, micro-insurance, and payments.
nouhaila_zaki

AgroCenta: Digital food distribution platform creating shared value for businesses and ... - 0 views

  • This is our financial inclusion platform targeted at smallholder farmers. We make it super easy for institutions to on-lend and disburse funds to a large network of smallholder farmers. We don't just give you access to farmers, we give you access to trustworthy low risk farmers.
    • nouhaila_zaki
       
      This excerpt reflects the financial inclusion concern of AgroCenta. The LendIt platform allows farmers to access to digital payments, micro-lending and crop insurance more easily thanks to it.
  • Farmer Registrations Know where your farmers reside, how much money they've been making in the past, their family sizes, their literacy levels and more. Inventory Management Easily track how many tons of commodities you have available across multiple locations. Quickly know where to concentrate more effort. Logistics & Tracking Which route is the most efficient to use for commodity pickups? How long will it take for customers to receive commodities they ordered?
    • nouhaila_zaki
       
      This excerpt reflects what the Cropchain platform introduced by AgroCenta does for its customers, namely enforcing traceability, transparency and accountability in the agricultural supply chain.
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