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mehdibella

AgroCenta Aims At Going beyond the Ghanaian Borders by 2018 - Tech In Africa - 0 views

www.techinafrica.com/2711-2

ghana Fintech Agrocenta

shared by mehdibella on 12 Feb 21 - No Cached
  • Given the fact that the startup did well in 2017 by guiding the Ghanaian small-scale farmers to a larger market, it now wants to expand further to Nigeria. At the same time, the startup is planning to launch piloting program in Ghana within 2018. According to AgroCenta CEO and co-founder Francis Obirikorang, the startup will have an initial 100,000 smallholder farmers in Nigeria. The farmers will be connected to almost six, small, medium and large-scale market to sell directly.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is relevant because it reflects AgroCenta's future plans of expansions beyond the Ghanaian borders. This would be helpful in later steps of the capstone and could help with getting ideas about strategies to adopt.
  • AgroCenta was recently selected by Seedstars World for its Seedstars Growth Program. Seedstars Growth Program offers high growth startups $50,000 with access to business advisory and marketing services on top.
  • The company has got some investors like Greentech Capital Partners, Isebaltic Trust, World Trade Organisation and SANAD Technical Facility in Jordan among others. Currently, the startup has an ongoing agreement with various companies that include Guinness Ghana Breweries and is hoping to bring Nestle Ghana on board within 2018.
    • mehdibella
      mehdibella on 13 Feb 21
       
      It was noted that logistics alone makes Ghana to either gain or lose around $200 million potential revenue. The company is currently being funded by close relatives and friends with the founders investing $20,000 which caters for various issues
  • ...2 more annotations...
  • The company has got some investors like Greentech Capital Partners, Isebaltic Trust, World Trade Organisation and SANAD Technical Facility in Jordan among others. Currently, the startup has an ongoing agreement with various companies that include Guinness Ghana Breweries and is hoping to bring Nestle Ghana on board within 2018.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Building relationship and partnership with companies from other countries will allow agrocenta to bring more customers from other countries
  • AgroCenta was founded by Michael Ocansey and Obiorikorang in 2015 who by then were working at an agricultural information communication service Esoko. The founders realized that the farmers were losing almost 40% of their income to middlemen. Although the aim was to develop a trading plan, they, later on, saw the need of working on logistics.
    • ghtazi
      ghtazi on 13 Feb 21
       
      the company was founded in 2015 by Michael Ocansey and Obiorikorang. they were working at an agricultural information communication service Esoko. the founders then realized that the farmers lose almost 40% of their income. so they decided to create Agrocenta in order to help the smallfarmers.
nourserghini

Top five technologies that will transform the Fintech sector in 2020 - 0 views

www.information-age.com/ntech-sector-in-2020-123484767

Fintech Regtech Expansion

shared by nourserghini on 13 Feb 21 - No Cached
  • Fintech technology number one: The growing number of RegTech solutionsRegulatory technology is benefiting from recent groundbreaking fintech software innovations, creating automated solutions to manage regulation monitoring, compliance, and reporting. Keeping track of new restrictions in a single database is a comfortable way of adopting a financial institution to legal requirements.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Fintechs can also conder starting Regtechs as well to create automated solutions for monitoring regulations, especially consider their success in the digital world.
aminej

MTN Ghana | Devex - 0 views

www.devex.com/...mtn-ghana-26760

Ghana Telecommunications Fintech Service Mobile Platform Online

shared by aminej on 12 Feb 21 - No Cached
  • MTN is a leading organization in the mobile telecommunications industry in Ghana. It offers subscribers a wide range of exciting options under Pay Monthly and Pay As You Go Services. After one year of rebranding Mobile Telecommunications Network (MTN) in country, the organization is focused on consolidating its position as the leader in the market and to fulfill its commitment of bringing world class telecommunication services to the country. In this regard, MTN has invested substantially in a Network Expansion Initiatives meant to enhance speech quality, improve coverage intensity and to extend coverage to new areas.
    • aminej
      aminej on 12 Feb 21
       
      MTN is the leader when it comes to telecommunications in Ghana, they provide some innovative services such as Pay As You Go which is very practical and convenient. They have expanded a lot in different countries and also in terms of performance and quality of service
tahaemsd

Zeepay seeks to expand to Eastern and Southern Africa | Digital Watch - 0 views

dig.watch/...nd-eastern-and-southern-africa

fintech payments africa modernization electronic

shared by tahaemsd on 12 Feb 21 - No Cached
  • Ghanain mobile payment company Zeepay is seeking funds to expand(link is external) to Eastern and Southern Africa. The company whose operations have been funded by local investors is looking to tap into remittances as well as venture capital funds.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Zeepay is looking for funds to set up regional offices in Rwanda and south Africa
hibaerrai

How WorldRemit continues to lead the way in Nigeria | TechCabal - 0 views

techcabal.com/...ues-to-lead-the-way-in-nigeria

WorldRemit Remittance E-payments Nigeria

shared by hibaerrai on 13 Feb 21 - No Cached
  • WorldRemit has the largest bank payout network for transfers to USD bank accounts in Nigeria, which includes Access Bank, FirstBank, Fidelity, GT Bank, UBA and FCMB, with ongoing plans for further expansion. Cash pickup in USD is also available from the following banks: Fidelity Bank, First Bank, Access Bank, Polaris Bank, FCMB, Zenith Bank and Union Bank. For added security and convenience, both senders and recipients automatically receive transaction and PIN numbers via SMS and email, for cash pick up. Recipients must present both numbers along with their ID at cash collection points. 
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit took advantage of the pandemic and expanded their services to suit their customers. It made money transfers easier throughout this special period. It's transfers networks largened.
hibaerrai

WorldRemit Raises $175M For Global Expansion | PYMNTS.com - 0 views

www.pymnts.com/...worldremit-funding-transfer

WorldRemit Remittance E-payments Online

shared by hibaerrai on 13 Feb 21 - No Cached
  • “In 2018, mobile and online payments to emerging markets reached a record high of $528 billion and we expect this number to increase. As WorldRemit handles a growing share of this market, we look forward to continue working with the company to scale its digital platform and expand its service to reach many new customers across the globe,” TCV General Partner John Doran said in the press release.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit acquires huge market shares and is making her way to becoming the first mobile and online payments platform.
tahaemsd

WorldCover Raises $6 Million in Series A Funding to Provide Climate Insurance in Emergi... - 0 views

www.businessghana.com/...-Insurance-in-Emerging-Markets

FinTech Africa Service modernization climate change

shared by tahaemsd on 13 Feb 21 - No Cached
  • WorldCover has uniquely combined technological advances and developed a solution that allows us to support smallholder farmers caught in conditions that are worsening due to climate change," said Christopher Sheehan, WorldCover CEO and co-founder. “With the rise of many insuretech startups around the world, we are excited about this successful round of Series A funding as it enables us to accelerate growth in existing markets while working towards expansion into new regions. This will allow us to fulfill our ultimate vision of making the world more resilient to climate change”.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      worldcover is addressing the 50-100$ Billion in annual losses from natural disasters, of wich less than 1% is insured
kenza_abdelhaq

EthioPay Mojaloop Case Study - DFS Lab - 1 views

dfslab.net/ethiopay-mojaloop-case-study

Ethiopay Ethiopia Payments Service

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      This is probably an efficient and scalable way to easily interconnect the different services in the ethiopian banking sector
  • They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production.
  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because nowadays the development of companies for consumer products allows the huge opportunity for the expansion of electronic payments because it is assumed that consumers of electronic payments are indeed end-users and also that the majority of payouts are Customers to Business. Expanding enterprises also provide opportunities for big potential Business to Business payments.
  • ...2 more annotations...
  • What they want EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch. What they built They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production. How Mojaloop helps With over 40 million phone subscribers and most banks having their own mobile banking system in Ethiopia, there is no mobile based inter-bank fund transfer. Mojaloop is potentially an efficient and scalable way to easily interconnect these disparate services.
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that Ethiopay wants to add value to the baking sector by adding new products and services. they also do a technical evaluation of the Mojaloop platform, which is the one that provides the required functionalities to the production. Last but not least it shows us that There is no mobile-based inter-bank fund transfer for 40 million telephone subscribers and most banks in Ethiopia have their own mobile banking system.
  • EthioPay (ETS) is owned by a consortium of Ethiopian banks and operates a central switching platform for ATMs throughout the country.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Ethiopay wanted to expand its services by implementing the platform Mojaloop which will interconnect disparate services.
nouhaila_zaki

M-Pesa - Wikipedia - 0 views

en.wikipedia.org/M-Pesa

M-Pesa Financial inclusion Kenya

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • M-Pesa is a branchless banking service; M-Pesa customers can deposit and withdraw money from a network of agents that includes airtime resellers and retail outlets acting as banking agents.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      M-PESA is unique because it offers branchless banking which makes transactions more efficient.
  • It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan and South Africa. Meanwhile services in India, Romania, and Albania have been terminated amid low market uptake. M-Pesa allows users to deposit, withdraw, transfer money, pay for goods and services (Lipa na M-Pesa), access credit and savings, all with a mobile device.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      I like this excerpt because it describes where M-Pesa has successfully expanded and where the company's expansionist efforts failed.
  • M-Pesa is widely seen as demonstrating that it is possible to make a profit while also improving the lives of the poor.[28] Tavneet Suri, based at the Massachusetts Institute of Technology, and William Jack, based at Georgetown University have produced a series of papers extolling benefits of M-Pesa. In particular, their 2016 article published in "Science" has been very influential in the international development community. The much cited result of the paper was, that 'access to M-PESA increased per capita consumption levels and lifted 194,000 households, or 2% of Kenyan households, out of poverty.[29] Global development institutions focusing on the development potential of financial technology frequently cite M-Pesa as a major success story in this respect, citing the poverty-reduction-claim and including a reference to Suri and Jack’s 2016 signature article. In a report on "Financing for Development", the United Nations write: "The digitalization of finance offers new possibilities for greater financial inclusion and alignment with the 2030 Agenda for Sustainable Development and implementation of the Social Development Goals. In Kenya, the expansion of mobile money lifted two per cent of households in the country above the poverty line."[30]
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reports on academic research describing how M-Pesa is the living example of how the search for profit is not antithetical to inclusion and improvement of lives of the poor. Using M-Pesa as a case study, several researchers praise fintech for its ability to offer greater financial inclusion.
ayachehbouni

Prime and SimbaPay partner to launch international money transfer service | Mobile Paym... - 0 views

www.mobilepaymentstoday.com/...ational-money-transfer-service

shared by ayachehbouni on 12 Feb 21 - No Cached
  • "Businesses as well as Kenyans and expatriates with friends and family abroad send over $18 Billion to other African countries," Karanja said in the release. "Asia and Europe annually with several billion Kenya Shillings going through the SimbaPay network. Therefore, this service will offer Prime Bank's customers a world-class fully digital International Money Transfer service."
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it explains that $18 billion are transferred by businesses, other kenyans and expatriates with friends and family abroad to other African countries. Hence, the partnership between SimbaPay and Prime Bank is expected to improve international money transfer for these people, who represent a large market.
  • SimbaPay's head of operations, Victor Karanja, stated the service will provide a seamless platform for Prime Bank's customer base to send money abroad.
    • ghtazi
      ghtazi on 13 Feb 21
       
      I found the collaboration between Prime Bank and SimbaPay really smart because it will help them to extend their capacity and attract new customers. it is a win-win situation.
    • rayanbenabdallah
      rayanbenabdallah on 13 Feb 21
       
      Indeed the collaboration between Prime Bank and SimbaPay is a smart move for both compagnies. The joint force will enable a very important customer expansion.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it explains that $18 billion are transferred by businesses, other kenyans and expatriates with friends and family abroad to other African countries. Hence, the partnership between SimbaPay and Prime Bank is expected to improve international money transfer for these people, who represent a large market.
  • ...4 more annotations...
  • Prime Bank, a private bank in Kenya, has partnered with London-based fintech, SimbaPay, to launch an instant international money transfer service via the bank's digital platform, PrimeMobi, according to a press releaseThrough SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries including Africa, Europe, Asia, India, United Kingdom, China, Germany and Uganda.
  • Prime Bank, a private bank in Kenya, has partnered with London-based fintech, SimbaPay, to launch an instant international money transfer service via the bank's digital platform, PrimeMobi, according to a press releaseThrough SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries including Africa, Europe, Asia, India, United Kingdom, China, Germany and Uganda.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt shows different countries that simbapay is working with.It shows that the app is not only limited to kenya and china but to other countries which will allow simbapay to acquire more customers worldwide
  • Prime Bank, a private bank in Kenya, has partnered with London-based fintech, SimbaPay, to launch an instant international money transfer service via the bank's digital platform, PrimeMobi, according to a press releaseThrough SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries including Africa, Europe, Asia, India, United Kingdom, China, Germany and Uganda.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Simbapay partnership with Prime Bank has allowed it to launch an international branch in the fintech in which you can transfer money to different other countries.
  • Prime and SimbaPay partner to launch international money transfer service
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      This partnership is fruitful for both sides as it will increase both parties reach and customer base.
ayachehbouni

SimbaPay Launches International Access to Kenya's M-Pesa PayBill - Techpoint Africa - 0 views

techpoint.africa/...ccess-to-kenyas-m-pesa-paybill

shared by ayachehbouni on 13 Feb 21 - No Cached
  • Kenyans living abroad. will now be able to use their bank accounts, debit or credit cards, to pay their bills back home using the SimbaPay app. The service is piloting in the UK, with further expansion into other EU regions in the works.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      What this partnership propose is not only perfect for existing customers but it is also very attractive to new potential customers.
mbellakbail69

Africa's Jumo raises $52M led by Goldman to bring its fintech services to Asia | TechCr... - 0 views

techcrunch.com/...jumo-raises-52m-led-by-goldman

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant Goldman Sachs to fuel the growth.
  • Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant Goldman Sachs to fuel the growth.
  • mohammed_ab on 13 Feb 21
     
    After a great success in serving unbanked people in the African continent, Jumo is now expanding to Asia. The company secured $52 Million from Goldman Sach to finance this expansion.
kenza_abdelhaq

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

www.gsma.com/...h-africas-informal-settlements

Lumkani South Africa Insurtech Partnership

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Thanks to partnerships with NGO Islamic Relief South Africa, and insurance firm Hollard, residents are able to opt-in to a micro-insurance scheme which will insure their homes against damage or loss to fire. Early findings have shown this to be a critical lifeline to those impacted by fire outbreaks.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Lumkani partners working with the company to provide help and assistance to low-income families.
  • Building on the insights gained from the GSMA project, Lumkani plan to develop a suite of low-cost sensor technologies that would decrease the risk of fire as well as other risks such as flood or theft, and in turn create access to financial services which serve as a critical safety net. In addition, they will continue to work with the GSMA to pursue opportunities to roll out in numerous humanitarian contexts such as in Kenya, Iraq and Bangladesh.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Lumkani's future expansion plans include covering other incidents and risks likes flood and theft as well as rolling out in new areas and countries.
  • kenza_abdelhaq on 13 Feb 21
     
    "Thanks to partnerships with NGO Islamic Relief South Africa, and insurance firm Hollard, residents are able to opt-in to a micro-insurance scheme which will insure their homes against damage or loss to fire. Early findings have shown this to be a critical lifeline to those impacted by fire outbreaks."
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