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kenza_abdelhaq

Dubai fintech Tpay Mobile acquires Turkish payments company Payguru - 0 views

www.menabytes.com/tpay-mobile-payguru

TPay Mobile Algeria Acquisitions

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • Founded in 2014 as the first open mobile payment platform of the region, Tpay Mobile was acquired by leading African private investment firm Helios Investment Partner. The firm had acquired a 76 percent stake in Tpay Mobile in 2018, creating a dragon exit for A15, the firm that had founded it. Tpay has previously also acquired its Cairo-based rival DCBEgypt in 2017. Sahar Salama, Founder and Chief Executive Officer of Tpay Mobile, said, “Tpay Mobile is on an accelerated growth trajectory, and the acquisition of Payguru fast-tracks our vision to become the leading digital payment platform in the Middle East and Africa, guaranteeing a best in class user experience, and offering innovative services to our partners, and further driving digital and financial inclusion in our region.”
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Four years after its creation, Tpay Mobile was acquired by Helios Investment Partner firm. To eliminate its competition, position its self as the leading digital payment platform in the MEA region and offer diverse and innovative services to their customers, Tpay Mobile acquired Cairo based rival DCBEgypt in 2017 and Payguru in 2020.
  • kenza_abdelhaq on 12 Feb 21
     
    "Founded in 2014 as the first open mobile payment platform of the region, Tpay Mobile was acquired by leading African private investment firm Helios Investment Partner. The firm had acquired a 76 percent stake in Tpay Mobile in 2018, creating a dragon exit for A15, the firm that had founded it. Tpay has previously also acquired its Cairo-based rival DCBEgypt in 2017. Sahar Salama, Founder and Chief Executive Officer of Tpay Mobile, said, "Tpay Mobile is on an accelerated growth trajectory, and the acquisition of Payguru fast-tracks our vision to become the leading digital payment platform in the Middle East and Africa, guaranteeing a best in class user experience, and offering innovative services to our partners, and further driving digital and financial inclusion in our region.""
nouhaila_zaki

Fawry sells major stake for $100M - Wamda - 0 views

www.wamda.com/...-major-stake-in-fawry-for-100m

Fawry Egypt Equity Structure Investments

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Helios now owns the lion’s share of the company by acquiring 40 percent, followed by MENA LTV with 25 percent, and EAEF with 20 percent. The International Finance Corporation (IFC) acquired 18 percent of Fawry’s shares at the beginning of 2013, which was followed by another investment by EME International, who did not disclose the stake they took in the company. IFC now owns only 5 percent of Fawry, and 10 percent is owned by Fawry’s management. “The two organizations will remain stakeholders,” said Fawry CEO Ashraf Sabry. “Currently, they have no intention of an exit, and we also have no intention of going public before at least five years.” The arrival of new investors would not affect the company’s management structure, he adde
  • “The most important thing to look for in investors is that they should have experience in investing in similar markets, with similar economic and social conditions,” Sabry said. “This way, they they can understand the challenges that await their investment. This is in addition to their having lots of patience, so they can make their intended profit.”
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article and most particularly the highlighted excerpts are very important because they introduce us to the equity structure or fawry (20% Helios, 5% IFC, 10% Fawry's management etc). Also, the article introduces us to the criteria sought in potential investors before accepting and initiating the collaboration, which include the need for these investors to understand the risk coming with their investment in such a fast pace high risk market.
  • nouhaila_zaki on 13 Feb 21
     
    "Helios now owns the lion's share of the company by acquiring 40 percent, followed by MENA LTV with 25 percent, and EAEF with 20 percent. The International Finance Corporation (IFC) acquired 18 percent of Fawry's shares at the beginning of 2013, which was followed by another investment by EME International, who did not disclose the stake they took in the company. IFC now owns only 5 percent of Fawry, and 10 percent is owned by Fawry's management. "The two organizations will remain stakeholders," said Fawry CEO Ashraf Sabry. "Currently, they have no intention of an exit, and we also have no intention of going public before at least five years." The arrival of new investors would not affect the company's management structure, he adde"
kenza_abdelhaq

Ethiopay - EthSwitch S.C - 2 views

ethswitch.com/ethiopay

FinTech E-payments Ethiopia

shared by kenza_abdelhaq on 11 Feb 21 - No Cached
  • Ethiopay is a four-party scheme, in which the issuer and acquirer are different entities, and is open for all payment institutions to join and issue their own cards. There are no limitations as to who may join the scheme, as long as the requirements of the scheme are met.Ethiopay Card schemes enables a simplified and guaranteed exchange of money between merchants, customers and their banks, by operating national & international networks and setting uniform standards.More specifically, Ethiopay defines rules for the routing of payment authorizations and settlement requests in point-of-sale and e-commerce transactions between merchant acquirers and card issuers, as well as ATM withdrawals or purchases with cashback transactions.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      Eventhough EthioPay has no limitations when it comes to who joins the scheme, it has certain payment authorizations which prevent risks.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it presents the Ethiopay Card, a core product of the Ethiopay company. Through the Ethiopay card, Ethiopay attempts to circumvent risks by setting setting standards and payment authorizations.
  • Ethswitch is the owner of Ethiopay-Ethiopia’s domestic Card Scheme. Ethiopay is developed for all banks in Ethiopia to issue and acquire payment cards.
  • Ethiopay is a four-party scheme, in which the issuer and acquirer are different entities, and is open for all payment institutions to join and issue their own cards. There are no limitations as to who may join the scheme, as long as the requirements of the scheme are met.Ethiopay Card schemes enables a simplified and guaranteed exchange of money between merchants, customers and their banks, by operating national & international networks and setting uniform standards.More specifically, Ethiopay defines rules for the routing of payment authorizations and settlement requests in point-of-sale and e-commerce transactions between merchant acquirers and card issuers, as well as ATM withdrawals or purchases with cashback transactions.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      it shows services that ethiopay is offering to customers and some authorisation to prevent risks
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Êthiopay is using a scheme that enables the routing of payment authorizations and processing by operating both nationally and internationally.
  • ...1 more annotation...
  • Ethiopay Card schemes enables a simplified and guaranteed exchange of money between merchants, customers and their banks, by operating national & international networks and setting uniform standards.More specifically, Ethiopay defines rules for the routing of payment authorizations and settlement requests in point-of-sale and e-commerce transactions between merchant acquirers and card issuers, as well as ATM withdrawals or purchases with cashback transactions.
    • ghtazi
      ghtazi on 13 Feb 21
       
      this important to know because we can see how ethiopay card schemes simplify and guaranteed and exchange of money between Marchand, customers, and their banks. because there are no limitations in who may join the scheme it can represent some risks for the parties envolved.
ghtazi

Money transfer group Mukuru acquires fintech Zoona's assets in Malawi - Ventureburn - 0 views

ventureburn.com/...-acquires-zoonas-malawi-assets

Malawi Mukuru Fintech Zoona

shared by ghtazi on 13 Feb 21 - No Cached
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      These excerpts are important because they show how operations of Mukuru and Zoona Malawi will be changing due to the acquisition of the latter by the former. It also reflects how Mukuru expands geographically (here in Malawi) but also in terms of capabilities and assets (i.e. agents from Zoona).
  • In a statement yesterday Mukuru CEO Andy Jury said the acquisition will extend Mukuru’s African footprint deep into the urban and rural areas cross Malawi. “This acquisition will bring the benefits of our extensive products and cutting-edge technology to the citizens of Malawi – giving them better options and safe mechanisms to send money to loved ones and ultimately uplift their communities,” he said. Following the acquisition, Zoona Malawi’s agents will operate as Mukuru agents benefiting from a wider product range to offer customers backed by Mukuru’s trusted and established brand name. In addition, agents will benefit from being part of the Southern African Development Corporation (SADC) regional network, increasing their regional exposure and potentially boosting earnings over time.
  • Mukuru, one of the largest international money operators and remittance companies in Africa, has confirmed that it has acquired Zoona’s operational assets in Malawi along with the technology systems that support its Malawian operations.
  • ...3 more annotations...
  • Zoona, which has worked with Mukuru for four years as a partner, is an Africa-based fintech that enables entrepreneurs to bring safe and reliable financial services to underserved communities in Malawi and elsewhere.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Mukuru acquired Zoona Fintech assets and took over Malawi's online financial services. it is making its place among the popular remittance companies in Africa.
  • Zoona, which has worked with Mukuru for four years as a partner, is an Africa-based fintech that enables entrepreneurs to bring safe and reliable financial services to underserved communities in Malawi and elsewhere.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Acquiring zoona is a good step for mukura to expand its capital but also acquiring zoona's customer portfolio
  • Zoona, which has worked with Mukuru for four years as a partner, is an Africa-based fintech that enables entrepreneurs to bring safe and reliable financial services to underserved communities in Malawi and elsewhere.
    • ghtazi
      ghtazi on 13 Feb 21
       
      working with Zoona is great for Mukuru it will add more safety and reliable financial services that will be beneficial for Malawi and elsewhere
mehdi-ezzaoui

Fawry plans to acquire minority stakes in 2 companies in Egypt, expand into Arab countr... - 1 views

www.egypttoday.com/...ority-stakes-in-2-companies-in

FAWRY Fintech Africa Egypt Payments acquire

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • "By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.”
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry plans to invest in one or two companies in two Arab countries as part of its expansion strategy.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces Fawry's expansion plans whether geographically (in the Arab region) or in terms of companies acquires (investment in other companies, here 2).
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fawry is planning on taking its fintech to the next level by acquiring two companies this year. The goal is to be present in at least two different arab countries, and I believe it is an interesting strategy to grow more in the MENA region.
  • Fawry’s CEO pointed out that the company, which invests about LE 120 million annually in developing its technologies, focuses more on increasing its investments in banking services, mobile devices and commercial chains.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry investing in diversifying its services to include banking services, mobile devices, and commercial chains.
  • In August 2020,  Fawry became a Unicorn officially, Fawry’s former Managing Director Mohamed Okasha announced on his LinkedIn account, clarifying that the company’s market capitalization hit $1 billion.   A unicorn is a business term to indicate a privately held startup company valued at over $1 billion.   Fawry is the first Egyptian company to reach a market cap of $1 billion.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry is the first Egyptian company to reach a market capitalization of $1 billion and officially become a unicorn.
  • ...2 more annotations...
  • Fawry, currently owned by five local, foreign and Arab funds, was established in 2009 and is operating in the field of banking technology and provides financial services to individuals and companies. The management and employees account for about 8 percent of the company's shares.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the structure of equity and ownership in Fawry. Indeed, it explains that management and employees of Fawry account for 8% of the company's shares.
  • Fawry offered 36 percent of its shares on the Egyptian Exchange (EGX) in 2019 to collect LE 1.6 billion; of which about 21 percent will be offered to Actis, Banque Misr and National Bank of Egypt at 7 percent each.The remaining 15 percent is divided into a public offering of small investors by about 5 percent, and 10 percent are floated to financial institutions and major investors.
  • kenza_abdelhaq on 13 Feb 21
     
    ""By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.""
  • ...1 more comment...
  • nouhaila_zaki on 13 Feb 21
     
    ""By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.""
  • hibaerrai on 13 Feb 21
     
    ""By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.""
  • mehdi-ezzaoui on 13 Feb 21
     
    Fawry for banking and electronic payments technology plans to acquire minority stakes in a company or at least two during the current year in addition to expanding in a number of Arab countries, according to the company's founder and CEO Ashraf Sabry
kenza_abdelhaq

TPAY acquires Payguru, the leading payment platform in Turkey | Helios Investment Partners - 0 views

www.heliosinvestment.com/...teforme-de-paiement-en-turquie

TPay Mobile Algeria Acquisitions

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • TPAY MOBILE, the leading digital merchant acquirer and mobile payment enabler in the Middle East and Africa, announced the acquisition of 100% of the shares of Payguru, one of Turkey’s leading payment service providers. The transaction remains subject to approvals from the Central Bank of the Republic of Turkey and the Competition Authority.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Tpay Mobile acquired all the shares of the Turkish payment service provider Payguru which allowed the company to expand its operations to Turkey.
  • Payguru offers mobile payments, ATM cash payments, and bank transfer services to its merchants through its integration with Turkey’s three mobile network operators (Turkcell, Vodafone, and Türk Telekom) and 8 major banks in Turkey (Ziraat Bankası, Yapı Kredi Bankası, Türkiye İş Bankası, Garani Bankası, Akbank, TEB Paribas, Vakıfbank and QNB Finansbank).
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      The newly acquired company allows Tpay Mobile to offer alternative payment products, have access to more financial technologies, and work closely with different banks and mobile network operators in Turkey.
  • kenza_abdelhaq on 12 Feb 21
     
    "TPAY MOBILE, the leading digital merchant acquirer and mobile payment enabler in the Middle East and Africa, announced the acquisition of 100% of the shares of Payguru, one of Turkey's leading payment service providers. The transaction remains subject to approvals from the Central Bank of the Republic of Turkey and the Competition Authority. "
aminej

From a tweet to a R100m deal: How Sanlam acquired 30% of EasyEquities - BizNews.com - 0 views

www.biznews.com/...sanlam-acquired-easy-equities

Financial Literacy Fintech Trading COVID Service Platform Acquire

shared by aminej on 13 Feb 21 - No Cached
  • Sanlam’s recent deal to acquire a 30% stake in EasyEquities for R100m sparked a lot of interest in the market. However, Sanlam-owned Satrix and EasyEquities have struck up partnerships prior to this deal with the advent of SatrixNOW, an offering that taps a white-labeled EasyEquities service. CEO of Satrix, Helena Conradie, took some time out earlier this week to chat to BizNews about the Sanlam-EasyEquities deal and the backstory to how a tweet of all things kick-started the relationship between the two businesses…
    • aminej
      aminej on 13 Feb 21
       
      Sanlam understood that EasyEquities will be very profitable in the long run so they decided to invest in For 100m I believe it is a good price since it will bring so much more revenues in the future.
mehdibella

Nigerian fintech startup Carbon launches $100k entrepreneurship fund - Disrupt Africa - 0 views

disrupt-africa.com/...hes-100k-entrepreneurship-fund

Bank Transfer Money Telecom Fintech Strategy

shared by mehdibella on 13 Feb 21 - No Cached
  • “Common investor wisdom is to stay in your market and dominate. This assumes that you are expanding on your own but we believe that by collaborating and partnering deliberately, Carbon and other tech companies can scale faster and build more enduring platforms,” Chijioke Dozie, chief executive officer (CEO) and co-founder of Carbon, said. 
    • nourserghini
      nourserghini on 13 Feb 21
       
      This shows that Carbon is more interested in collaboration than in competition because it knows the power and innovation of tech companies.
  • Nigerian fintech startup Carbon has set up a US$100,000 pan-African fund to address the lack of funding and support holding back entrepreneurs on the continent.Consumer lending platform Carbon, which rebranded in April as parent company OneFi continues to transition into being a full digital banking platform after raising US$5 million in debt funding and acquiring Nigerian payments startup Amplify, has been busy expanding its offering, and has also moved into new markets with a Kenyan launch.Its “Disrupt fund” is the first of its kind by an African fintech startup, and will invest up to US$10,000 per startup for five per cent equity. Portfolio companies will also be given access to Carbon’s API, allowing them to leverage Carbon’s growing customer base and innovative technology platform to get to market faster. Carbon expects the initiative to spark more collaboration and further investment that should drive growth across the ecosystem, and is accepting applications from companies with operations in Uganda, Kenya, Nigeria, Ghana, Ivory Coast and Egypt. Startups looking to apply for the fund must have a functioning product, be post-revenue, and be looking to operate in multiple countries. The fund has a wide investment mandate but target sectors include insurance, health and education.“There are many excellent companies across the continent looking for the kind of scale Nigeria offers and we are excited to partner with them to provide the support and financial investment they need. We are equally excited to expand beyond Nigeria and Kenya by working with a new generation of innovators across the continent and sharing our experience to tackle common obstacles to growth.”
    • samiatazi
      samiatazi on 13 Feb 21
       
      A pan-African fund was founded by fintech startup Carbon to resolve the shortfalls in financing and assistance. The Fund will spend 5 percent of its equity in up to US$10,000 per start-up. Carbon expects the program to promote more coordination and more spending to fuel growth. The applications of businesses in Uganda, Kenya, Nigeria, Ghana and Ivory Coast are approved.
  • Nigerian fintech startup Carbon has set up a US$100,000 pan-African fund to address the lack of funding and support holding back entrepreneurs on the continent.
  • ...2 more annotations...
  • Consumer lending platform Carbon, which rebranded in April as parent company OneFi continues to transition into being a full digital banking platform after raising US$5 million in debt funding and acquiring Nigerian payments startup Amplify, has been busy expanding its offering, and has also moved into new markets with a Kenyan launch
  • Carbon expects the initiative to spark more collaboration and further investment that should drive growth across the ecosystem, and is accepting applications from companies with operations in Uganda, Kenya, Nigeria, Ghana, Ivory Coast and Egypt. 
hindelquarrouti

Dubai's Tpay Mobile Acquires Payguru, a Turkish Payments Company that Supports Mobile T... - 1 views

www.crowdfundinsider.com/...t-supports-mobile-transactions

Tpay segment Fintech

shared by hindelquarrouti on 08 Feb 21 - No Cached
  • Founded in Cairo, Egypt, Tpay Mobile says it’s the leading digital merchant acquirer in the MENA region
  • The company supports DCB via three mobile network operators and it facilitates bank transfers and ATM withdrawals through large banks.
  • hindelquarrouti on 08 Feb 21
     
    By acquiring Payguru, Tpay has enlarged its range of customer. It has made acquisition with the intent of becoming the leading digital payment platform in the MENA region. As well as, it has helped them make a step forward in the process of digital and financial inclusion in the region.
hibaerrai

CONSORTIUM ACQUIRES MAJORITY STAKE IN FAWRY, EGYPT'S LEADING E-PAYMENT SERVICES PLATFOR... - 0 views

fawry.com/ng-e-payment-services-platform

Fawry Egypt E-payments Online Fintech Shares

shared by hibaerrai on 13 Feb 21 - No Cached
  • Founded in 2008, Fawry is Egypt’s first and largest Electronic Payment Network, offering financial services to consumers and businesses through more than 50,000 collection points and a variety of channels nationwideBased on its own-patented technology, that is fully compliant with international security standards of the ISA 27001 and PA DSS certifications, Fawry performs more than a million financial operations daily.Fawry services include collection services, customer acquisition, electronic cash, payment facilitation, and business-to-business collection centres.  In 2014, Fawry’s revenue reached EGP 210 million, and the company served more than 15 million customers.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it touches upon many aspects of Fawry: the nature of the company, the nature of services and products offered amongst other things.
  • A consortium of international financial investors comprising the Egyptian-American Enterprise Fund (“EAEF”), Helios Investment Partners (“Helios”, acting on behalf of funds it advises) and the MENA Long-Term Value Fund (“MENA LTV”) (together, the “Consortium”) today announced it has acquired a majority stake in Fawry, the leading electronic bill presentment and payment platform in Egypt at a purchase price valuing the company at EGP 773 million, approximately US$ 100 million.Headquartered in Cairo, Fawry provides users with a secure electronic bill presentment and payment services solution, connecting consumers, merchants, governments and financial institutions on a consolidated gateway that is accessible through multiple channels, including Point of Sale (POS) machines, ATMs, post offices, online and through mobile wallets.  Since its establishment in 2009, Fawry has been at the forefront of electronic payments in Egypt, providing pioneering, innovative and convenient payment solutions to its customers. The company today processes over one million transactions a day and operates a network of over 50,000 collection points in 300 cities and suburbs across the country.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      The Egyptian American Enterprise Fund acquired a majority stake in fawry which is a huge investment for the fintech. It promotes financial inclusion.
  • nouhaila_zaki on 13 Feb 21
     
    "Founded in 2008, Fawry is Egypt's first and largest Electronic Payment Network, offering financial services to consumers and businesses through more than 50,000 collection points and a variety of channels nationwide Based on its own-patented technology, that is fully compliant with international security standards of the ISA 27001 and PA DSS certifications, Fawry performs more than a million financial operations daily. Fawry services include collection services, customer acquisition, electronic cash, payment facilitation, and business-to-business collection centres.  In 2014, Fawry's revenue reached EGP 210 million, and the company served more than 15 million customers."
kenza_abdelhaq

TPAY Mobile - Funding, Financials, Valuation & Investors - 0 views

www.crunchbase.com/...tpay-mobile

TPay Mobile Algeria Acquisitions

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • TPAY Mobile has acquired 2 organizations. Their most recent acquisition was Payguru on Jun 10, 2020.
  • kenza_abdelhaq on 12 Feb 21
     
    "TPAY Mobile has acquired 2 organizations. Their most recent acquisition was Payguru on Jun 10, 2020. "
kenza_abdelhaq

TPAY Mobile acquires Turkey's Payguru - Wamda - 0 views

www.wamda.com/...obile-acquires-turkeys-payguru

TPay Mobile Algeria Acquisitions

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • The deal comes at a time when demand for digital payment services is surging due to the coronavirus pandemic. Within the Middle East and Africa region, mobile payments is a popular alternative among 50 percent of the population, most of which is underbanked.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      The acquisition of Payguru by Tpay Mobile is a strategic partnership in the context of a global pandemic. It is also an alternative to around 50% of the population that is underbanked.
  • The FinTech sector in the Middle East and North Africa (MENA) region is also growing at a compound annual growth rate (CAGR) of 30 percent, much higher than the average global rate of 11 percent
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      The FinTech sector in the MENA region continues to grow rapidly with a compound annual growth rate much higher than the average global rate.
  • TPAY Mobile is a digital merchant acquirer that enables payments acceptance from more than 54 mobile payment types and wallets, which are connected to more than 580 million consumers. According to Sahar Salama, founder and chief executive officer of TPAY Mobile, the acquisition of Payguru will support their diversification and expansion strategy.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Tpay Mobile already has a wide network of customers, but the new acquisition is part of the implementation of their diversification and expansion strategy.
aminej

Mubawab acquires Jumia House in Morocco, Tunisia and Algeria - EMPG - 0 views

www.empg.com/in-morocco-tunisia-and-algeria

Real Estate North Africa Service Online Housing Platform

shared by aminej on 13 Feb 21 - No Cached
  • Mubawab, Morocco’s leading real estate portal acquired by EMPG in May 2018, has announced the acquisition of Jumia’s acclaimed property listings website Jumia House for the North African (specifically Morocco, Tunisia and Algeria) region. “The acquisition consolidates Mubawab’s position as the region’s leading real estate website, while providing access to the most promising real estate markets in the Maghreb, with more than 90 million people,” a company spokesperson said in a statement.
    • aminej
      aminej on 13 Feb 21
       
      Mubawab offers real estate opportunities to people in Algeria, Morocco and Tunisia. You can find any type of housing that you're looking for in their website which is really interesting. Since most people use Airbnb I think it would be good to encourage the National production.
ayachehbouni

YCombinator backed investment platform, Thndr, receives first new brokerage license in ... - 0 views

waya.media/ense-in-egypt-in-over-a-decade

shared by ayachehbouni on 12 Feb 21 - No Cached
  • Thndr, a YCombinator backed investment platform, makes it easy to invest in stocks, bonds, and funds completely commission free. Thndr aims at solving Egypt and the region’s painful, outdated and time consuming process to open, fund and actively manage investment accounts. Thndr’s first product is a mobile first equities trading platform in Egypt. The startup just acquired the necessary licensing from the Financial Regulatory Authority (FRA) making the fast growing startup the first company to acquire a brokerage license in Egypt since 2008. Issuing a license to a tech company is a testament to the regulator’s strong commitment to seek modern methodologies to enhance the investment landscape in Egypt.
    • aminej
      aminej on 12 Feb 21
       
      They acquired an important license from the Financial Regulatory Authority (FRA) which shows that they are following strict regulations. It is good for the traders because it is a official trading platform that offers safety when investing and trading
  • Thndr pre-seed funding involved an array of distinct investors such as Y-Combinator, 4DX Ventures, Endure Capital, The Raba Partnership, MSA Capital, along with some other notable investors that include Tom Stafford, Managing Partner, DST “Savings and investing is a critical part of building wealth and economic development, and Egypt’s youth needs a mobile first platform like Thndr to open the floodgates of investing in the coming decades.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      Investors are attracted to Thndr because of its ideals and goals but mostly because of its innovative services. The platform removes all barriers and friction that users face throughout their investment journey, be it when it comes to account opening, associated costs, access to resources or ease of use. The important mission these services carry out are what made the success of the company among its competitors.
mohammed_ab

Sanlam to acquire 30% of EasyEquities - liquidafrica - 0 views

www.liquidafrica.com/-to-acquire-30-of-easyequities

EasyEquities Investech Investment platform Trading South Africa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Purple Group and Sanlam Investment Holdings (SIH), a wholly owned subsidiary of Sanlam Limited, have announced that SIH has entered into agreements to acquire a 30% stake in First World Trader Proprietary Limited, trading as EasyEquities.
  • Says Charles Savage, CEO of Purple Group, “The EasyEquities transaction with Sanlam Investments provides our fintech winner with added capital, skills and the ability to continue on the path we’re on – aggressive growth in client numbers, products on the site for client benefit and a way for all South Africans to access the financial markets – in South Africa and excitingly also in the US. We also look forward to announcing our international growth plans where the collaboration with Sanlam Investments provides invaluable insights, guidance and access to various jurisdictions.”
  • mohammed_ab on 13 Feb 21
     
    This article shows the benefits of this acquisition operation between Sanlam and EasyEquities. With this acquisition, EasyEquities will benefit from financial and operational synergies that could boost the growth of the company.
sawsanenn

Vodacom and Safaricom in the driver's seat for M-Pesa - 0 views

www.theafricareport.com/...in-the-drivers-seat-for-m-pesa

Financial inclusion FinTech Service Africa

shared by sawsanenn on 12 Feb 21 - No Cached
  • M-Pesa, the mobile-money platform that helps millions of people on the continent to make financial transactions, is now under stronger African control. This follows the successful conclusion of the acquisition of M-Pesa by South Africa’s Vodacom and Kenya’s Safaricom from the UK’s Vodafone, the chief executives of the three companies announced on Monday.
  • The transaction has been in the works since 2019, when Vodacom and Safaricom announced they had formed a joint venture through which they planned to acquire the full suite of M-Pesa services.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Vodacom and Safaricom engaging in a joint venture to acquire M-Pesa.
  • The platform is available in Kenya, Tanzania, Lesotho, the Democratic Republic of the Congo, Ghana, Mozambique and Egypt. The acquisition will enable a more aggressive expansion strategy to other markets on the continent where the platform is not available.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Large network around Africa.
  • ...2 more annotations...
  • In 2019, M-Pesa users conducted 11bn transactions worth R2trn ($107.1bn), while the platform contributed R3.1bn to Vodacom’s revenue. M-Pesa is a big part of Vodacom’s plans to diversity into fintech.
    • ghtazi
      ghtazi on 13 Feb 21
       
      m-pesa is a competitive advantage for Vodacom's plan to diversify into fintech. the platform is now available in 7 African countries. this will also allow an aggressive expansion strategy to other markets in Africa when the platform is not yet available.
  • A key impediment to M-Pesa gaining traction was the fact that the country has a well-established banking sector and most adult South Africans have bank accounts.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      besides that, these banks have their own fintech services that are not as developed as M-Pesa, but the fact they are produced from the bank, it makes them more trustworthy than M-Pesa This kind of bank services make the market highly competitive
  • mohammed_ab on 12 Feb 21
     
    This acquisition will allow M-Pesa to expand to other African markets more easily. It will also give the company stronger market power as all subscribers of Vodacom's will have easy access to M-Pesa services.
  • kenza_abdelhaq on 13 Feb 21
     
    "The transaction has been in the works since 2019, when Vodacom and Safaricom announced they had formed a joint venture through which they planned to acquire the full suite of M-Pesa services."
mehdibella

"Fawry" took over "Waffarha" shares | Fawry - 0 views

fawry.com/awry-took-over-waffarha-shares

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Fawry, Egypt’s first and largest E-payment company in the Egyptian market signed an agreement to acquire a non-controlling interest in “Waffarha” is a platform that provides various offers and discount vouchers for B2B and B2C through its website and APPs on mobile devices.Tarek Magdy, CEO of Waffarha, said: “Waffarha” was launched 6 years ago as the only platform that provides offers ranging from 50% for B2B and B2C, with more than 1 million social media followers and more than 1000 commercial series.”And he pointed out that “Waffarha” provides many services as (restaurants, cafes, travel, health and beauty, entertainment, etc.). There are 250 thousand customers who have saved nearly 50 million EGP after using “Waffarha”. All offers starting from 50% include taxes and services, and can be paid in different ways by choosing “Fawry Pay” service, which allows customers to pay cash in more than 90 thousand stores of Fawry or by banks (credit cards or direct debit). In addition to paying with “PayPal” through Fawry Pay” Magdy added: “Waffarha” aims to reach its dealings to 150 million Egyptian pounds by 2020″.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      Fawry acquired WAFFARHA shares in order to correctly respond the requirements of its customers and businesses (Banks, mobile companies...) and provide them with loyalty programs, points systems ... in different fields. Since WAFFARHA was providing different services such as travel, health and beauty, restaurants... Fawry is alwaysmaking new investments in order to improve its customers and businesses journey and make it memorable.
  • Fawry, Egypt’s first and largest E-payment company in the Egyptian market signed an agreement to acquire a non-controlling interest in “Waffarha” is a platform that provides various offers and discount vouchers for B2B and B2C through its website and APPs on mobile devices.
  • “Fawry” took over “Waffarha” shares | Fawry
  • ...2 more annotations...
  • Tarek Magdy, CEO of Waffarha, said: “Waffarha” was launched 6 years ago as the only platform that provides offers ranging from 50% for B2B and B2C, with more than 1 million social media followers and more than 1000 commercial series.”
  • And he pointed out that “Waffarha” provides many services as (restaurants, cafes, travel, health and beauty, entertainment, etc.). There are 250 thousand customers who have saved nearly 50 million EGP after using “Waffarha”. All offers starting from 50% include taxes and services, and can be paid in different ways by choosing “Fawry Pay” service, which allows customers to pay cash in more than 90 thousand stores of Fawry or by banks (credit cards or direct debit). In addition to paying with “PayPal” through Fawry Pay”
aminej

Nigeria's Paga acquires Ethiopia-based Apposit to speed international growth - Disrupt ... - 0 views

disrupt-africa.com/...-to-speed-international-growth

Nigeria Fintech Service Online Platform Technology Software

shared by aminej on 12 Feb 21 - No Cached
  • Nigerian fintech startup Paga, poised for global expansion, has announced its acquisition of Apposit, a United States (US)-based technology company with operations in Ethiopia. Founded in 2009, Paga provides Nigerians with safe and convenient ways of making payments, allowing money to be sent to any phone number for the beneficiary to redeem at a Paga agent or at an ATM via a cardless withdrawal. Customers can also use Paga to deposit money to bank accounts in Nigeria, pay their bills, or top-up mobile phone airtime.
    • aminej
      aminej on 12 Feb 21
       
      The Nigerian Fintech has bought an American technology that woud help improve their operations in Ethiopia. They also raised 10 million $ in 2018 which shows that they are doing well and investors are trusting them.
kenza_abdelhaq

TPAY Mobile Acquires Payguru, the Leading Payment Platform in the Middle East - 0 views

thefintechtimes.com/nt-platform-in-the-middle-east

TPay Mobile Algeria Operations

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • Mobile payments are a key payment method in the Middle East and Africa, used by over 50% of the population, most of which is underbanked, and TPAY MOBILE leverages direct carrier billing and wallet billing to unlock access to these customers across 24 countries for its merchant partners.TPAY MOBILE is currently present in Egypt, UAE, KSA, Palestine, Jordan, Qatar, Kuwait, Bahrain, Oman, Tunisia, Iraq, Algeria, Morocco, Turkey, Libya, Sri Lanka, Nigeria, Tanzania, Kenya, Ghana, Mozambique, Uganda, Zambia, and Zimbabwe.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Geographical scope of Tpay Mobile's Operations.
  • The Company is headquartered in the UAE, with teams based in Egypt. Our shareholders are – Helios Investment Partners , the leading Africa-focused private investment firm, and A15 , the Middle East’s leading tech investment fund.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Tpay Mobile shareholders are African and Middle East leading firms.
  • kenza_abdelhaq on 12 Feb 21
     
    "Mobile payments are a key payment method in the Middle East and Africa, used by over 50% of the population, most of which is underbanked, and TPAY MOBILE leverages direct carrier billing and wallet billing to unlock access to these customers across 24 countries for its merchant partners. TPAY MOBILE is currently present in Egypt, UAE, KSA, Palestine, Jordan, Qatar, Kuwait, Bahrain, Oman, Tunisia, Iraq, Algeria, Morocco, Turkey, Libya, Sri Lanka, Nigeria, Tanzania, Kenya, Ghana, Mozambique, Uganda, Zambia, and Zimbabwe."
nourserghini

GSMA | Decoding QR Codes: Are they useful for merchant payments in emerging markets? | ... - 0 views

www.gsma.com/...t-payments-in-emerging-markets

Snapscan SouthAfrica PIN service method

shared by nourserghini on 13 Feb 21 - No Cached
  • In the first case, a merchant is given a designated QR code by their acquirer that is linked to their bank account in the backend. Customers must scan the QR code using the camera on their smart device and then enter the amount to be paid and their individual PIN in order to complete the transaction. An example of this method is SnapScan.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article clearly explains the method that Snapscan follows where it uses a specific code for the acquirer and customers have to scan the code and enter an individual PIN to complete the operation.
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