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aminej

HOOD - Read Your Car's Mind - 0 views

  • Hood is designed to rest assure your mind by collecting a big cloud of data that keeps track of your car’s mileage, gas usage, performance, and its engine health to save your money, time and energy . also, Hood informs you of every little detail about your cars; drivers’ driving habits The device also keeps track of each driver’s driving score to keep you aware of possible bad driving habits
    • aminej
       
      I love this concept which can be very useful in Morocco since we have a big number of cars. Indeed, most people forget to take some important measures of control and safety for their cars because they are too busy working. This app can help you stay in touch with any issue concerning your car that could cause you an issue and help you know it before something happens.
  • Hood provides a device for users’ cars that is synced with Hood’s mobile application. The app informs the user when an error is detected and whether it is minor or requires immediate attention. Users can also check and clear the code of the engine light, track their trip history, locate the nearest car shop, keep their gas expenses in check, monetize the car’s movement and have a big cloud of data
    • aminej
       
      I believe that this could work in Morocco very well because we are the second country with the highest number of cars in Africa after Egypt, so there is a big customer target of almost 4 million cars with 110.000 cars being imported every year
mehdibella

mobile money made easy by new South African startup | Time - 4 views

  • A free app available for any smartphone, SnapScan works almost like a pocket ATM linked to the user’s debit or credit card account. Instead of handing over a card, customers scan a unique SnapScan logo posted at the cash register with their camera-enabled phone. They enter the amount, type in a pin code (or use touch ID) and a few seconds later the vendor’s phone chimes with a confirmation sent by SMS. It’s quick, painless, and entirely safe, says Ehlers. SnapScan is backed by Standard Bank, one of South Africa’s biggest banks, and uses cutting-edge fraud protection technology. More to the point, he notes, it means that vendors never have access to actual credit card details. “That means no one is noting down your number so he can go shopping later,” says Ehlers.
  • It’s been so long since 30-year-old Cape Town entrepreneur Kobus Ehlers last used his wallet that he’s not even sure where it is. “My car maybe?” he says as he reflexively scans the cheerfully decorated offices of his startup, SnapScan. When it’s pointed out that leaving a wallet in a car in a city infamous for break-ins and carjackings may not be a good idea, he shrugs. He probably doesn’t even have the equivalent of five dollars in it, he says. “I never use cash. Credit cards are over. There are much better ways to pay for things.”As the co-founder of one of South Africa’s most successful electronic payments apps, Ehlers is of course expected to use his own product. But the real reason he isn’t worried about his wallet is because Cape Town is a city seduced by the idea of cashless and cardless transactions, in no small part because of his company’s success. “You can literally wake up in the morning, buy a cup of coffee, go to your dentist, have lunch, pay your bills, take a taxi, go out for dinner, and donate to your favorite cause without using cash or a card,” says Ehlers. “And in none of that is there any risk of your card details getting stolen, or you getting mugged for your cash.”
    • samielbaqqali
       
      SnapScan is an example of Fintech's performance. I assume, however, that these kinds of creative companies need to be sponsored by strong organizations. SnapScan is backed by Standard bank and this bank is powerful financial institution in South Africa. So I think that in order to develop their offerings, Fintechs should use the financial power of banks.
  • It’s been so long since 30-year-old Cape Town entrepreneur Kobus Ehlers last used his wallet that he’s not even sure where it is. “My car maybe?” he says as he reflexively scans the cheerfully decorated offices of his startup, SnapScan. When it’s pointed out that leaving a wallet in a car in a city infamous for break-ins and carjackings may not be a good idea, he shrugs. He probably doesn’t even have the equivalent of five dollars in it, he says. “I never use cash. Credit cards are over. There are much better ways to pay for things.”As the co-founder of one of South Africa’s most successful electronic payments apps, Ehlers is of course expected to use his own product. But the real reason he isn’t worried about his wallet is because Cape Town is a city seduced by the idea of cashless and cardless transactions, in no small part because of his company’s success. “You can literally wake up in the morning, buy a cup of coffee, go to your dentist, have lunch, pay your bills, take a taxi, go out for dinner, and donate to your favorite cause without using cash or a card,” says Ehlers. “And in none of that is there any risk of your card details getting stolen, or you getting mugged for your cash.”
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  • SnapScan may make mobile payments easy for users, says Ehlers, but the reason why the company has been so successful in South Africa is that it makes processing the payments easy—and cheap—for sellers. With traditional credit card systems, and even Apple Pay, vendors have to buy expensive equipment to process the payments—something small businesses can rarely afford. But SnapScan only requires an upfront investment of the less than five cents it costs to print out their Quick Response [QR] Code, a square, camera-readable version of a traditional bar code that resembles a mosaic tile, and tape it to the cash register. “If someone wants to buy from you and you don’t have a credit card machine, and the person doesn’t have cash, our payment system is the difference between closing the sale and not closing the sale,” says Ehlers. Registration is free, and the company charges retailers an average fee of three percent, on par with most credit card companies.
    • samiatazi
       
      Snapscan is very useful for Startups and vendors willing to switch and rely on the digital transformation due to both its low cost and effectiveness. additionally, the platform is practical for cashless consumers.
  • It was that question, of how to bring small businesses that couldn’t afford traditional credit processing facilities into an increasingly cashless environment that inspired Ehlers and his co-founders to develop SnapScan. Like many Cape Townians, Ehlers was a fan of the Big Issue, a South African spinoff of a British charity that prints high quality magazines for homeless men and women to sell at a profit in order to work their way off the streets. Most of the vendors ply traffic backed up at intersections for sales. But because of the risk of carjackings, which have nearly doubled in the greater Cape Town area over the past two years, to 1530 reported incidents, few motorists keep cash on hand. “People stopped buying the magazines,” says Ehlers. “A Big Issue vendor comes up and says ‘do you want to buy a magazine,’ and you say ‘I do, but I don’t have cash with me.’ That was a problem we realized we could solve very easily.”
    • samiatazi
       
      I, personally, think that the best business ideas are the ones solving current issues faced by customers because it would be easier to promote and sell a product to an already existing market. This article points out that the business idea of Snapscan arrised from a simple discussion between a magazine seller and a cashless buyer, now it is one of the biggest Fintechs in Africa. indeed, We should believe in our potential to change others' life.
  • SnapScan customers don’t have to worry about sending their credit card details to online vendors that may not have the latest fraud protection. They just scan the QR code at the virtual checkout like they would in the real world.
  • As a result, SnapScan has been adopted by about 12,000 small and medium businesses in more than 17,000 outlets across South Africa.
  • SnapScan has 150,000 registered users, and processes hundreds of thousands of dollars in payments every day for everything from airline tickets to handcrafted wicker baskets at roadside curio stalls.
    • mehdibella
       
      I am very proud to hear that the African continent is not only following the mobile payments trend and development, but it is also joining as a leader in the space !
  • A free app available for any smartphone, SnapScan works almost like a pocket ATM linked to the user’s debit or credit card account. Instead of handing over a card, customers scan a unique SnapScan logo posted at the cash register with their camera-enabled phone.
  • SnapScan may make mobile payments easy for users, says Ehlers, but the reason why the company has been so successful in South Africa is that it makes processing the payments easy—and cheap—for sellers.
  • For all the talk of a new cashless society ushered in by the likes of Apple Pay in the United States, it’s going to be a while before a swipe of a phone will buy a meal in most cities. But in Cape Town, it’s already happening. I’ve used my phone to pay for parking, cover a medical bill, order take out, buy groceries at my local farmers market and give money to the homeless woman selling the South African version of Street News at the traffic light. Churchgoers use their phones for donations. My facialist just informed me that I could pay for Botox treatments with SnapScan. I’ll take that as her endorsement of an increasingly popular payment service, and not a hint.
    • ayoubb
       
      Snapscan
  •  
    SnapScan is an example of the efficiency of fintechs. However, I believe that these kind of innovative businesses need to be backed by strong institutions. SnapScan is backed by Standard bank and this bank is strong financial institution in South Africa. So I think that fintechs can use the financial power of banks in order to improve their services.
  •  
    I believe that by being easy to use and fast, Snapscan found success. However, what encourages customers to use it even more is its cheap cost.
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    The fact that the company provides an easy-to-use and fast service inspires people to use it.
mehdibella

Goldman Sachs cash confirms Jumo as fintech heavyweight - 1 views

  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
    • samielbaqqali
       
      The company asked for a big amount from an American bank in order to perfect their investment.
  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
  • The company has raised nearly $146 million since its creation from renowned players such as Google, which integrated Jumo into its accelerator in May 2017, the Mastercard foundation, development institutions such as Finnfund and Proparco (the private branch of the French Development Agency).
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  • Goldman Sachs cash confirms Jumo as fintech heavyweight
  • By entering Jumo's final $55 million round of financing, the US bank Goldman Sachs is raising the South African fintech's profile
    • mehdibella
       
      the company has taken millions of dollars to secure the continuation of this project
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners.
    • mehdibella
       
      it made a lot of partnerships arround many companies that would make transactions easier
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
    • ghtazi
       
      this is once again a smart move from jumo, they diversify their activity, which can be more than benefic for them.
  • Jumo is already active in Ghana, Kenya, Pakistan, Tanzania, Uganda, and Zambia and has representation in Cape Town, New Delhi, London, Mumbai, Nairobi, Porto, and Singapore, where its founder is now based.
    • nouhaila_zaki
       
      This excerpt introduces us to the geographical scope of Jumo, which appears to be pretty large (in Africa and Asia).
  • By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
    • nouhaila_zaki
       
      This excerpt is important because it gives us a measurement of how active Jumo is in providing customers with loans (one of their products). It also gives us an idea about the size of the company (300 employees accross 11 countries).
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners. Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
  • With this new round of financing — its fourth since April 2018 — the company, which targets emerging markets and is part of the very select club of African start-ups active beyond the continent’s borders, now intends to conquer Côte d’Ivoire, Nigeria, as well as Bangladesh and India
    • sawsanenn
       
      this countries can bring new options to jumo, not only new customers but also new services. These new entrances can bring to Jumo high revenues as well
  •  
    JUMO is opting for a good strategy which is doing a partnership with Google. Partnerships with giant companies like google are always beneficial because they offer you great technology and a big capital to improve your business.
  •  
    I like the way JUMO chose its partners in the telecommunication industry. Partnering with MTN that is the first telecom operator in Africa and also a big fintech advocate is a good decision for JUMO to grow.
aymanelmamoun

Invest Mobile - Environmentally friendly driving on public roads - 0 views

  • nvest-Mobile presented this Friday with a nice gift for the nursing staff in AZ Zeno. The golf cart company donated 900 bouquets of Zeeland tulips to the staff of AZ Zeno this morning at 11 o’clock.
    • aymanelmamoun
       
      Eco-friendly system offers an environment friendly usage attract customers caring about their environment.
  • Invest-Mobile is the licence-holder in the Benelux and Germany for your fuel efficient electric golf carts Garia, iMob and Club Car. Just look at the charisma and the functional / practical possibilities of your new fuel efficient electric mini car. Ideal for urban use!
nourserghini

Abacus - 0 views

  • Get more for your moneyWhether you are saving for a house, a car, or for a rainy day, get more for your savings on Abacus with up to 9% p.a. #Do you have goals?Maybe it’s a solid financial foundation for the future or giving your kids the best educational opportunities. We can help you reach them.Living Abroad?You are the Kenyan expatriate. You traveled far, and have worked hard for your $, €, £ and AED. Let your money work just as hard for you back home to give you and your loved ones the life you deserve.Ride the bulls, escape the bearsGet the thrill of playing in the markets. Trade in individual stocks, bonds, forex* and bitcoin*.
    • nourserghini
       
      Abacus Kenya offers a wide range of services such as allowing customers to save their money, supporting clients' financial goals, remittance payments and trading in the financial market.
mbellakbail69

Fawry: Making Payments Easier For 22 Million Egyptians | EgyptInnovate - 1 views

  • echnology and its trends has made our lives easier especially in the fields of financial technology and payments. Now there are more advanced ways of payments and one of the most important players in Egypt in this field is Fawry. Fawry offers financial services to consumers and businesses through different channels and locations. Through Fawry you can pay your mobile, landline and utilities bills, donate money, renew your car license and more. Fawry was founded in 2008 and officially started in the market in 2010. They now have offered their service to reach 80,000 points of service in 300 cities all over Egypt. Their portfolio of businesses include: Orange, Vodafone, Etisalat, Go Bus, Lynks, Anghami, Ahl Misr Foundation, Resala and more
    • hibaerrai
       
      Fawry made sure to regroup the strongest team from the beginning to work smoothly on the project. Also, they worked hard on changing the culture within the country, and push people to go for non traditional payment methods.
  • We started by hiring the best people we could find, for any startup to succeed it needs a really strong team especially at the beginning. We also got a good fund at the beginning from different entities such as Raya Holding, Technology Development Fund (Ideavelopers), Arab African International Bank, HSBC, Alexbank and other banks, this is what helped us build our brand.
  • Strong team management and good negotiation skills. The second thing is that it was a mutual investment fund, those investors already liked Fawry’s model and didn’t want to change anything but just help accelerate our growth with some cash. We are now a large corporate but with the spirit of a startup. Even until now, we appreciate everyone’s input at the company whether they have been working here for a month or 5 years. it doesn’t matter.
    • mbellakbail69
       
      Fawry was the only one investing in the business during that time.
  •  
    I like how this excerpt underlines the different investors who believed in the value proposition of Fawry from the beginning. We see big names like HSBC that saw the potential of the idea and invested in the start-up.
tahaemsd

Pay Bills & Everything in Egypt with Fawry - What to pay? - 1 views

  • Through Fawry, you can easily pay bills in Egypt and other services for telecommunications, tickets and tourism, online payments, various utilities, insurance, education fees, donations, financial payments and banks, pay for subscriptions and ads, and renew your car license.
    • nouhaila_zaki
       
      This excerpt is important because it lists the services that Fawry offers its private clients.
  • Fawry network has an extensive list of Biller members, allowing you to easily complete your payments on time without the hassle of going to the Biller outlet or waiting in line. You can also make multiple payments at the same instance covering your various obligations on time, and receiving a confirmation of payment.
    • tahaemsd
       
      utility of Fawry in payment of bills and other services for telecommunications and other stuff.
mohammed_ab

MTN South Africa has collaborated with SA fintech Ozow to simplify MoMo transfers - Tec... - 2 views

  • MTN South Africa has simplified the loading of funds for  Mobile Money (MoMo) users. According to a post on IT News Africa, Thomas Pays the CEO of Ozow described the partnership as ” one more step” in enabling “greater digital and financial inclusion” for all of South Africa. MTN MoMo was launched in early 2020 crossing a million users by June offering users an easy way to send money to their families and friends. The same applies to access to value-added services such as renewal of car license discs, prepaid electricity, online purchase of products, and an affiliate network of eCommerce partners.
  •  
    I like this service a lot as it allows you to transfer money using your mobile phone and pay daily bills like electricity in a very convenient way.
omarlahmidi

From stores to the streets: SnapScan's road to a cashless society - Ventureburn - 0 views

  • SnapScan wants to see a cashless, frictionless society. For the customer, the app poses an alternative to cash and credit cards because it’s faster. Customers don’t need to wait in a queue, or for the PoS terminal to finish processing their payment. You can simply take a picture of the merchant’s unique QR code, enter the amount, and they’ll be notified either via SMS or their PoS system. The merchant can set up the system in five minutes (SnapScan claims) with no hardware required other than a mobile phone. This means that any person selling apples on the street to a department store can integrate SnapScan. There are also fewer costs involved compared to setting up a credit card terminal, the only charge being a 3% transaction fee. Secondly, it’s meant to be more secure. With SnapScan’s method of payment, the merchant never has to handle your details or card. The app user’s card details are stored on their smartphones and protected with their personal PIN codes.
    • mbellakbail69
       
      I think this app is innovative because it has replaced every online shopping cart in which online shoppers do not have to type their information each time they check out.
  • This week, SnapScan rolled its app out to The Big Issue vendors across South Africa, the non-profit magazine that’s usually sold at intersections in urban areas. People with the app can now purchase the latest issue by simply taking a photo of a QR code and typing in the amount they want to pay. There’s no hassle of fiddling for your wallet or looking for change lying around in the car before the light turns green.
    • omarlahmidi
       
      SnapScan is a solution to the big Issue to vendors by just using Qr code
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