Ethiopay Places in the Top 25 Undergraduate Teams for e-Fest - Entrepreneurship and Inn... - 3 views
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Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
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kenzabenessalah on 11 Feb 21It is important to know that EthioPay is not a service that functions only in Ethiopia, but individuals from North America and Europe are also able to help Ethiopians with their finances.
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Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
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This excerpt is important because we can see that the goal of this fintech company is to increase growth and meet customers' needs especially Ethiopian customers from all over the world. Additionally, They found a fundamental solution to several financial services issues that the Ethiopians used to face.
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They are a centralized global payment platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. Ethiopay co-founders Daniel Hadgu (B.B.A. ‘20) and Minas Yohannes (B.B.A. ‘20) are Eritrean descent while Michael Gizachew is of Ethiopian descent and they all struggled to send funds between the U.S. and their family abroad. Together they created a way to affordably and efficiently transfer money overseas.
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"Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethi"
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Ethiopia aims to resolve Ethiopian citizens' rising global challenges. Hadgu and Yohannes are excited to join the race next year to end in the hopes of taking home the Georgia State University and Ethiopay trophies.