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nourserghini

Swvl's co-founder and former COO is building a fintech to offer commercial credit solut... - 0 views

www.menabytes.com/mahmoud-nouh-capiter

Capiter ML model Egypt

shared by nourserghini on 12 Feb 21 - No Cached
  • Capiter, according to its website, offers on-demand cash flow solutions to small businesses and vendors, paying vendors immediately for the goods they sell to small business buyers and then collecting payments from the buyers using flexible payment plans. There are not a lot of details on the website but it would be safe to assume that Capiter makes money by charging a fee, interest, or a combination of both from the small businesses using its solutions.
    • aminej
      aminej on 12 Feb 21
       
      I like this service provided by Capiter because it helps young entrepreneurs and SMEs to maximize their profit. Transactions between supplier and customer happen in a smooth way so that each one is happy. They still have some concerns when it comes to raising money but I'm sure they gonna make it because it is an innovative service that would help a lot of people
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article precisely describes how Capiter pays vendors immediately for the sold merchandise and collects small business' payments all while allowing a flexible payment and charging an extra fee or interest.
  • “Capiter’s unique technologies and sophisticated ML models empower businesses to increase their sales, grow their customer base and improve their cash flow,” the startup notes on its LinkedIn page.
    • nourserghini
      nourserghini on 13 Feb 21
       
      According to the startup notes, Capiter has a unique and sophisticated machine learning models that help it perform efficiently and increase their cash flows. It would be very interesting to discover the uniqueness of their model.
nourserghini

Capiter - Overview, Competitors, and Employees | Apollo.io - 0 views

www.apollo.io/...5e57f6c8c0fa30000184f4bb

Capiter SME Website

shared by nourserghini on 13 Feb 21 - No Cached
  • Founded in May 2019, located in Cairo, Egypt, Capiter provides payment methods that offer on demand cash flow solutions for small to medium sized businesses. Capiter aims at offering their customers a full fintech experience. You can apply for our services at our website: www.capiter.net
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article specifies that Capiter serves small and medium sized businesses only and shows how clients can achieve this full fintech experience by visiting the company's website and conducting the operations through it.
nourserghini

Jobs and Careers at Capiter, Egypt | WUZZUF - 0 views

wuzzuf.net/...Capiter-Egypt-50922

Capiter Egypt Services

shared by nourserghini on 13 Feb 21 - No Cached
  • Capiter is a financial technology company that offers smart cash flow & credit solutions to businesses. Capiter empowers businesses to increase their sales, grow their customer base and improve their cash flow. We’re building and scaling our products in the F&B and agri sectors. We’re hiring top talents. We offer competitive packages, unique growth opportunities and an environment of a highly talented and diverse team. Specialities: Cash flow & credit solutions to businesses
    • nourserghini
      nourserghini on 13 Feb 21
       
      This is interesting because not only does it state that Capiter works with credit solutions and smart cash flows, but that it's also working on serving F&B and the agri-sector.
nourserghini

Former Swvl co-founder Mahmoud Nouh launches fintech startup, Capiter | Enterprise - 0 views

enterprise.press/...-fintech-startup-capiter-10149

Capiter Egypt Expansion Africa

shared by nourserghini on 13 Feb 21 - No Cached
  • Capiter reads like a tech-enabled provider of factoring services, writing that the company “pays suppliers immediately” when they sell to a client and then “collects the payments from [the clients] on flexible payment plans.” Capiter is currently in conversation with different investors in the region, Menabytes claims, to raise money to support its growth.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Besides stating that Capiter is a provider of factoring services through its tech-enabled model, it also states that Capitor is talking to new investors to expand in the region, maybe to serve other African countries and not only Egypt.
nourserghini

Foundation Ventures powers up Egypt's entrepreneurship ecosystem with 4 new investments - 0 views

adigitalboom.com/ntures-egypt-4-new-investments

Capiter Competitor Fintech Egypt

shared by nourserghini on 13 Feb 21 - No Cached
  • The fund is backed by some of the largest family offices and business leaders from Egypt and the MENA region​.​The strategy is the first of its kind in Egypt, utilizing local know-how and private capital to support & build solid foundations for its portfolio.FV has Lead and Co-Lead four highly sought after deals during its initial deployment, investing in two Fintech companies, Capiter & Nowpay, one in consumer internet/entertainment, Minly, and one in logistics (operating in stealth).
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article explains that the invested fund in Capiter is backed by important entities in Egypt and the MENA region. It also states Capiter and Nowpay as two similar fintechs which might suggest that Nowpay is a competitor of Capiter.
nouhaila_zaki

Egypt: Fawry expected to join FTSE, MSCI Indices in 2021 | african markets - 0 views

www.african-markets.com/...join-ftse-msci-indices-in-2021

Fawry Egypt Net Profit Stock Market

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Fawry for Banking and Payment Technology Services (FWRY) is forecast to join the FTSE and MSCI emerging markets indices in September 2021, according to a research by Arqaam Capital. The company meets the liquidity requirements, which ensures inclusion in the FTSE EM All Cap Index’s next rebalancing on 21 September, with a weight of 0.0082%. In January, Fawry’s board of directors approved to subscribe to the capital increase of Fawry Plus, as the company will be allowed to subscribe up to EGP 35 million. During the first nine months of 2020, Fawry achieved a consolidated net profit before minority interest of EGP 119.2 million.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects Fawry's position in the stock market and how its liquidity allows it to perhaps be included in the FTSE EM All Cap Index's nxt rebalancing. Moreover, the article introduces the consolidated net profit secured by Fawry in the first nine months of 2020, which amounts to EGP 119.2 million.
  • nouhaila_zaki on 13 Feb 21
     
    "Fawry for Banking and Payment Technology Services (FWRY) is forecast to join the FTSE and MSCI emerging markets indices in September 2021, according to a research by Arqaam Capital.   The company meets the liquidity requirements, which ensures inclusion in the FTSE EM All Cap Index's next rebalancing on 21 September, with a weight of 0.0082%. In January, Fawry's board of directors approved to subscribe to the capital increase of Fawry Plus, as the company will be allowed to subscribe up to EGP 35 million.   During the first nine months of 2020, Fawry achieved a consolidated net profit before minority interest of EGP 119.2 million. "
nourserghini

Capiter | Capiter - 0 views

www.capiter.net

Capiter Egypt Lending

shared by nourserghini on 13 Feb 21 - No Cached
  • Capiter is a B2B marketplace that brings together FMCGs, wholesalers, and merchants on one platform, enabling merchants to order their products through an eCommerce checkout and receive credit on their purchases. Currently, it is serving over 30.000 merchants and 150+ FMCGs and wholesalers with a team of close to 100 people.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This clearly shows Capiter's service in the B2B marketplace targeted towards fast moving consumer goods, merchants and wholesalers to enhance e-commerce. Capiter is believed to serve over 30000 merchants.
aminej

Egypt's e-commerce startup Capiter to invest EGP 500 mn in 2021 | Enterprise - 0 views

enterprise.press/...nvest-egp-500-mn-in-2021-23304

Egypt Fintech Service Investment E-commerce Network SMEs

shared by aminej on 12 Feb 21 - No Cached
  • STARTUP WATCH- E-commerce company Capiter plans to invest EGP 500 mn next year to expand its geographical presence and the network of its SME clients, CEO and founding partner Mahmoud Nouh said, according to Al Mal. The Cairo-based company, which was founded in May 2019, operates an app that connects small and medium companies to suppliers.
    • aminej
      aminej on 12 Feb 21
       
      That's a huge investment by the Fintech Capiter in 2021. It will help many entrepreneurs to start their business or improve theirs if they already have one. The relation between companies and suppliers will also improve and distribution facilities will be smoother
mehdibella

South African fintech startup Jumo raises second $50M+ VC round | TechCrunch - 0 views

techcrunch.com/...umo-raises-second-50m-vc-round

Jumo Fintech finance SouthAfrica

shared by mehdibella on 12 Feb 21 - No Cached
  • South African fintech startup Jumo closed a $55 million round from a diverse group of investors, the company confirmed.
  • Nigeria, in particular, has become Africa’s unofficial capital for fintech development, surpassing Kenya in 2019 for drawing the most fintech specific and overall VC on the continent
  • Jumo joins a growing list of African digital-finance startups raising big money from outside investors and expanding abroad.
  • ...4 more annotations...
  • Jumo is active in six markets and plans to expand to two new countries in Africa (Nigeria and Ivory Coast) and two in Asia (Bangladesh and India).
    • mehdibella
      mehdibella on 13 Feb 21
       
      Jumo joins a growing list of African digital-finance startups raising big money from outside investors and expanding abroad.
  • “I’m excited for our next phase. This backing will help us build a better business and break new ground,” Jumo founder Andrew Watkins-Ball said.
    • ghtazi
      ghtazi on 13 Feb 21
       
      the company has closed around 55 million USD from many investors, which will help the company to expand its products and reach new objectives
  • Founded in 2015 and based in Cape Town, the venture offers a full tech stack for partners to build savings, lending, and insurance products for customers in emerging markets.This week’s funding follows a $52 million raise by Jumo in 2018, led by U.S. investment bank Goldman Sachs, that saw the startup expand to Asia.“This fresh investment comes from new and existing…investors including Goldman Sachs, Odey Asset Management and LeapFrog Investments,” Jumo said in a statement —  though Goldman told TechCrunch its participation in this week’s round isn’t confirmed.After the latest haul, Jumo has raised $146 million in capital, according to Crunchbase.With its latest raise, the company plans to move into new markets and launch new products in Asia and Africa.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it describes first what Jumo proposes as product/services offerings. Thereafter, it tackles the history of funding secured by Jumo in addition to the list of investors that support the company. Finally, the excerpt explains how Jumo intends on investing the money raised, namely expansion in new markets in Asia and Africa in addition to the launch of new products.
  • Nigeria, in particular, has become Africa’s unofficial capital for fintech development, surpassing Kenya in 2019 for drawing the most fintech specific and overall VC on the continent
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows us how jumo expending not only in Africa but also in Asia making fintech grow all over the world
  • hichamachir on 12 Feb 21
     
    JUMO is attracting investors and that means JUMO is doing a great job. Investors are believing in this business and they want to be part of it. That's what happens when you believe in an idea and work hard to improve it.
ayachehbouni

More Capital | More Capital invests in MoneyFellows - 0 views

www.morecapital.com/...apital-invests-in-moneyfellows

shared by ayachehbouni on 13 Feb 21 - No Cached
  • Through its Venture Capital investment platform, the Technology Investment Account (TIA), More Capital participated in an USD 1 Million Pre-Series A Bridge Round raised by Cairo-based Fintech Money Fellows.  
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      In Arab countries, money circles are very common, and a digitized, safer version of it attracts everyone. That is in my opinion the reason why the company is thriving.
aymanelmamoun

Germany's GreenTec Capital invests in Kenyan start-up Bismart - Capital Business - 0 views

www.capitalfm.co.ke/...l-invests-kenyan-start-bismart

Kenya E-Payment Africa FinTech

shared by aymanelmamoun on 13 Feb 21 - No Cached
  • Bismart was awarded seed capital of Sh1 million in April 2018 by Standard chartered Women in Tech programmed and office space for nine months at IBIZ Africa incubator, as the most innovative and scalable business model in Kenya.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Bismart awarded the most innovative business model in Kenya.
  • NAIROBI, Kenya, Jul 9- GreenTec Capital, a German investment boutique focused on African start-ups, has entered into an investment agreement with Bismart, a Kenyan start-up insurance aggregator leveraging on digital platforms and technologies to educate and advice customers on the best insurance and investment solutions available in the Kenya market.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      This investment will allow bismart to benefit from greentec's experience and expertise in funding start-ups in Africa in order to accomplish its vision which is to enable customers to access insurance and investment services in a transparent, convenient, and friendly manner.
kenza_abdelhaq

How Africa's Tech Generation Is Changing the Continent - 0 views

www.nationalgeographic.com/...africa-technology-revolution

FarmDrive Kenya Specialized market

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Bosire and Kimani launched FarmDrive in May 2015. The digital recordkeeping platform serves as a basis for bankers to establish credit ratings and determine which farmers are best suited for small loans. FarmDrive’s pilot program consisted of 50 farmers. Today hundreds of thousands are in FarmDrive’s database; about 830 have received financing. In turn the banks pay FarmDrive for essentially functioning as their credit bureau for Kenya’s vast farming community. The two entrepreneurs have no intention of stopping there. “There are more than five million small farmers in Kenya,” Bosire says. “Throughout Africa it’s about 50 million. But when we started FarmDrive, we always had global ambitions. We’re building solutions for farmers in Asia too.”
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      FarmDrive is now among popular agritech in Kenya, and Africa. The two creators are not stopping here, and are planning to expand their business to Asia and the world. I believe that the fact that customers who have issues with IT can easily use the platform, shows how big the fintech will be. It is a huge selling point.
  • But if it’s true that Kenya’s relative stability has contributed to Bosire and Kimani’s success, it’s also true—and typical of the Kenyan entrepreneurial experience—that FarmDrive has succeeded with little encouragement from the national government. In sub-Saharan Africa, Kenya and Nigeria have achieved tech preeminence more from venture capital flowing into those large countries than from government action.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      The main source of FarmDrive financing is venture capital investments. The company received very little help from the government.
  • kenza_abdelhaq on 13 Feb 21
     
    "But if it's true that Kenya's relative stability has contributed to Bosire and Kimani's success, it's also true-and typical of the Kenyan entrepreneurial experience-that FarmDrive has succeeded with little encouragement from the national government. In sub-Saharan Africa, Kenya and Nigeria have achieved tech preeminence more from venture capital flowing into those large countries than from government action."
nourserghini

Foundation Ventures closes its debut fund to invest in early-stage Egyptian startups - 0 views

www.menabytes.com/foundation-ventures-first-fund

Capiter Investors Foundation Ventures Egypt

shared by nourserghini on 13 Feb 21 - No Cached
  • First investmentsFoundation Ventures has already made four investments – only one of which has been announced publicly. It led or co-led all the four rounds it invested in. The investments include:Capiter: A B2B ecommerce marketplace co-founded and led by Swvl’s co-founder and former COO Mahmoud Nouh. The startup had started with a lending product, offering cash flow solutions to small retailers but has recently expanded its offering to launch a B2B marketplace as well for grocery stores in Egypt. Foundation Ventures led Capiter’s recently closed investment round.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article is very interesting because it states that Foundation Ventures invested in the Capiter startup and that will most certainly help Capiter expand its activities and enhance its models.
nourserghini

IMF sees a swift rebound for Egypt's fiscal position post-covid | Enterprise - 0 views

enterprise.press/...pts-fiscal-position-post-covid

Capiter Investment Expansion Africa

shared by nourserghini on 13 Feb 21 - No Cached
  • STARTUP WATCH- E-commerce company Capiter plans to invest EGP 500 mn next year to expand its geographical presence and the network of its SME clients, CEO and founding partner Mahmoud Nouh said, according to Al Mal. The Cairo-based company, which was founded in May 2019, operates an app that connects small and medium companies to suppliers.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article states that Capiter will dedicate EGP 500 million for investment in order to expand its activities geographically after one year and so of its launch.
mehdibella

Axa Assurance Maroc entre dans le capital de la startup DabaDoc - 0 views

fnh.ma/...-capital-de-la-startup-dabadoc

Fintech finance Morocco Dabadoc

shared by mehdibella on 13 Feb 21 - No Cached
  • La société DabaDoc startup "healthtech" marocaine, leader en Afrique dans la gestion de la relation entre les patients et les professionnels de santé et AXA Assurance Maroc annoncent la signature d’un protocole le 12 septembre 2018 pour une prise de participation d’un des leaders mondiaux de l’assurance dans le capital de DabaDoc.
  • « Nous sommes très optimistes quant aux perspectives de croissance induite par cette augmentation de capital".
  • A ce titre, nous sommes heureux de contribuer au développement de DabaDoc, cette belle start-up marocaine. DabaDoc permet dès aujourd’hui d’offrir des services innovants dans l’univers de la santé et notamment un parcours santé facilité pour les patients
ghtazi

AV Ventures Invests in AgroCenta, Supporting Digital and Financial Inclusion of Ghanaia... - 0 views

www.acdivoca.org/...f-ghanaian-smallholder-farmers

Agrocenta COVID19 Security

shared by ghtazi on 12 Feb 21 - No Cached
  • AV Ventures, ACDI/VOCA’s impact investing subsidiary, recently completed its investment in AgroCenta, a technology-driven agricultural platform provider in Ghana. The funding made by AV Ventures is part of a US$790,000 pre-Series A investment round with other participating international institutions, including Shell Foundation, the United Kingdom’s Foreign, Commonwealth and Development Office, and Rabo Foundation, with support from AgroCenta’s strategic advisor, Qbera Capital.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      With the newly secured funding, agrocenta will widen the reach of its smallholder farmer financial inclusion programs
  • The digital services AgroCenta provides along the selected cereals value chain also improve the repayment of loans by smallholder farmers. The services provide farmers with an end market through the offtaking of produce and through facilitating the provision of high-quality agricultural inputs, which maximize their yields and productivity. To date, the average farmer on CropChain has increased their income by 35 percent and their crop yields by 40 percent, while reducing their food waste by 25 percent. AgroCenta has also made strides to promote gender and social inclusion; nearly half of its CropChain users and more than half of its microloan borrowers on LendIt are female smallholder farmers. 
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the results of using AgroCenta on smallholder farmers, ranging between the maximization of productivity, of income, reduction of food waste,to gender and social inclusion.
  • Founded in 2016, AgroCenta operates two integrated digital platforms in Ghana, CropChain and LendIt, to help address challenges related to smallholder farmers’ access to markets and financial services.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Since 2016, AgroCenta operates 2 digital platforms: - CropChain: integrated agricultural supply chain management platform. - LendIt: allowing access to financial services like mobile payments, microloans, crop insurance.
  • ...4 more annotations...
  • Poor infrastructure and logistics prevent many smallholder farmers in Ghana from accessing large, urban markets where they could obtain better prices for their crops. Many of these farmers lack information on fair market prices, which leaves them susceptible to selling at low prices to middlemen. Without a strong credit history, many of them also have limited access to finance for purchasing high-quality agricultural inputs that would enable them to scale beyond subsistent production.  
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt shows reasons why smallholder farmers should consider agrocenta to increase their profitability and their revenues
  • For AV Ventures, the investment is part of its long-term strategy of providing innovative and catalytic capital to support growth-oriented small- and medium-sized enterprises (SMEs) like AgroCenta that make up the “missing middle” of investment — too large for microfinance but too small or too early-stage to attract private equity investors. These SMEs are often the backbone of economies and potential drivers of innovation, but too often they miss out on financing that could enable their growth and longevity.  
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Agrocenta attracts more investors as it is considered among small and medium businesses that promote innovation. In fact, the fintech is specialized in agricultural loans, something not that common in the country.
  • CropChain is an integrated agricultural supply chain management platform that provides smallholder farmers with access to markets. Farmers use the platform to advertise their produce, while large offtakers or buyers of selected cereals use it to make purchases or enter long-term offtaker purchase contracts with AgroCenta. AgroCenta leverages the platform to source cereals directly from smallholder farmers to supply to large offtakers who have contracts with the company. This allows AgroCenta to earn margins between the price it pays farmers and the contractually agreed upon price with offtakers.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Agrocenta draws even more investment amongst SMEs that promote innovation. This extract shows some of the reasons why smallholders should consider Agrocentra for increasing the profitability and income .
  • “This is a significant milestone for AgroCenta, having the support of leading institutions, particularly with the COVID-19 backdrop, underlining the strength of AgroCenta and the importance of its mission. The demand for agricultural raw materials from offtakers in the brewery, manufacturing, and consumer sector is increasing exponentially because of the easing of COVID-19 restrictions that were put in place by the government of Ghana. Hence, this capital injection will help to secure purchases at fair and transparent prices from smallholders — a much needed lifeline for many who are at the proverbial bottom of the pyramid.”
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see how agrocenta takes the pandemic situation and what are the solutions that the company adopts to face it.
nourserghini

Capiter eyes expanding investment in Egypt | ZAWYA MENA Edition - 0 views

www.zawya.com/...estment_in_Egypt-SNG_187451440

Capiter Mobile App Expansion Egypt

shared by nourserghini on 13 Feb 21 - No Cached
  • The startup intends to expand its geographical presence nationwide, besides its network of small enterprises, Nouh elaborated.Founded last year, Capiter is a mobile app connecting grocery stores and retail markets to leading food suppliers in the country, the CEO added.The company also plans to start its expansion with Alexandria and the Nile Delta area over the coming period, Nouh said.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This shows that Capiter is still determined to expand its customer targets and services in Egypt after its first successful year starting first by Alexandria and Nile Delta, which seems very promising.
kenza_abdelhaq

FarmDrive - 0 views

farmdrive.co.ke/about-us

FarmDrive Kenya Specialized Farming

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • They did not have the capital to purchase the critical farming inputs that could increase their yields and revenues.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      FarmDrive fulfills the farmers' need to access funding in order to have a sustainable and growing agricultural activity.
  • kenza_abdelhaq on 13 Feb 21
     
    "They did not have the capital to purchase the critical farming inputs that could increase their yields and revenues."
chaimaa-rachid

About | Kiva - 0 views

www.kiva.org/about

life improve people

shared by chaimaa-rachid on 07 Feb 21 - No Cached
  • We do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.
  • We do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.
    • aminej
      aminej on 11 Feb 21
       
      Kiva is an interesting platform that offers very interesting funding access to people in different areas of the world. It would enable them to either start a new business or improve theirs. There are already 1.9 million lenders which is quite huge and a repayment rate of 95.9% so I believe that it is really developped.
  • We do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.
    • kaoutarchennoufi
      kaoutarchennoufi on 12 Feb 21
       
      Kiva is a very impactful organization since it financially helps students and women who want to start their own business. It is well known that these two categories usually face difficulties to contract loans or get any financial service. We need more organizations like Kiva all around Africa.
  • ...2 more annotations...
  • Kiva started as a pioneer in crowdfunding in 2005, and is constantly innovating to meet people’s diverse lending needs. Whether it’s reinventing microfinance with more flexible terms, supporting community-wide projects or lowering costs to borrowers, we are always testing and learning.
  • We envision a financially inclusive world where all people hold the power to improve their lives.
  • hichamachir on 07 Feb 21
     
    I love the concept of Kiva where you can see technology helping people in their lives. The company aims to link borrowers with lender in order to improve the lifestyle of the people interested in this service. I just like the way Fintech plays a big role in improving our life and Kiva is just a good example of it.
  • chaimaa-rachid on 13 Feb 21
     
    Kiva provides attractive access to funding individuals to improve their lives.
mohammed_ab

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

techcrunch.com/...-series-a-led-by-tlcom-capital

Pula Insurtech Micro Insurance Africa

shared by mohammed_ab on 10 Feb 21 - No Cached
  • 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
      nourserghini on 10 Feb 21
       
      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
      aminej on 12 Feb 21
       
      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$
  • ...1 more annotation...
  • 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. 
  • hichamachir on 12 Feb 21
     
    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.
  • mohammed_ab on 13 Feb 21
     
    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.
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