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sawsanenn

Addis host Ethiopia Banking, Information Communications Technology Summit - New Busines... - 1 views

  • he other presenter was Mr. Bizuneh Bekele, CEO of EthSitch Share Company introduced EthioPay under a title, “EthioPay – the uplifting e-payment platform for Ethiopia”.
  • he other presenter was Mr. Bizuneh Bekele, CEO of EthSitch Share Company introduced EthioPay under a title, “EthioPay – the uplifting e-payment platform for Ethiopia”.
    • sawsanenn
       
      Ethio-pay was introduced as the best e-payment platform and the best solution for all the disputes arising around ATMs. Plus a quick way to pay since the normal paper-based is time-consuming.
hibaerrai

Smartel pushes for cashless transactions - 0 views

  • SMARTEL Money, a local mobile money service provider says the market must embrace cashless transactions to limit the spread of Covid-19 through handling cash. The company’s My Wallet mobile money platform was introduced to the market in May 2019 following the licensing of the company as mobile money issuer by the Central Bank of Lesotho.
    • tahaemsd
       
      the platform deepen financial inclusion by catering for all social classes
  • The Smartel Money customers and services include retail banking, individuals, insurance agents, retail grocery, retail clothing, retail cell phone services and utility services among others. These include checkout services such as the Smartel Money Point of sales system (sPOS); the Smartel Money Mobile point of sales systems (smPOS). These systems have access to the Smartel Money central engine for processing payments. “Businesses owners can finally give true convenience to customers by using My Wallet as a contactless payment option. They can also take advantage of our free business tools which include, point of sale, human resource management, and customer relationship management,” Mr Nchai said.
    • hibaerrai
       
      Contactless and cashless transactions through the Smartel Money platform and phone application is more convenient and efficient.
mbellakbail69

Fawry | IBM - 3 views

  • Fawry now supports millions of transactions daily for consumers and business through more than 90,000 locations (including groceries, pharmacies, stationaries and post offices), as well as through multiple alternative channels, including online, ATMs, and mobile wallets. The company’s client base and service offerings continue to expand, leading to rapid data growth. Abbas comments: "Our data has doubled in just the last eight months, and we expect it to grow even faster in the years to come.”
  • The technology offers data compression and deduplication features that enable Fawry to boost utilization of storage resources. Abbas adds: “IBM FlashSystem A9000R offers much greater performance than our previous storage platform, meaning that we get both optimized data economics and short response times. We were able to achieve a seamless migration to the new platform with zero downtime.”
  • Each day, Fawry processes 2 million financial transactions, giving Egyptians an easy, secure payment alternative to the complex, time-consuming procedures that are the norm. To help grow customer satisfaction and speed the roll-out of new services, Fawry deployed IBM® Storage, IBM Db2® and Oracle database on IBM Power Systems™ solutions.
  • ...6 more annotations...
  • With a population of over 100 million people, Egypt is a land of opportunity for consumer services providers. In a country where payment procedures are often slow, fragmented and complex, Fawry identified a gap in the market for a simple, secure omnichannel payment gateway.
    • nouhaila_zaki
       
      This excerpt is important because it introduces the need that Fawry was created to tackle and the market gap that it saw as an opportunity to prosper. It is very important to understand the core problem around which Fawry services were designed, in order to be able to design and develop strategies that are faithful to this same goal.
  • Fawry now supports millions of transactions daily for consumers and business through more than 90,000 locations (including groceries, pharmacies, stationaries and post offices), as well as through multiple alternative channels, including online, ATMs, and mobile wallets. The company’s client base and service offerings continue to expand, leading to rapid data growth. Abbas comments: "Our data has doubled in just the last eight months, and we expect it to grow even faster in the years to come.”
    • samielbaqqali
       
      Fawry strives to make the life of their customer simpler. They have an e-commerce solution that links sellers to buyers that provide different methods of payment.
  • Fawry Putting Egypt on the global digital payments map
  • The company’s success is built on delivering consistently fast, dependable services alongside continual innovation. Seeing an opportunity to do more with its data, Fawry evaluated its technology infrastructure to ensure it was ready for the next phase in its evolution.
    • kenza_abdelhaq
       
      Fawry focuses on fast and dependable services based on innovation. The company also works on making better use of the data collected to make informed decisions; while keeping in mind the importance of a good technology infrastructure ready for the implementation of any new phase.
  • Haytham Abbas, Infrastructure Director at Fawry, picks up the story: “When we launched in 2008, the average household had to deal with around 13 separate utility and service providers. Since they typically had to set up payments with each service provider separately, often by visiting a branch, this was a lot of hassle. We created an omnichannel digital payment network to make life easier for consumers and the businesses that serve them.”
  • Fawry has a long history with IBM, having chosen IBM solutions to underpin its business again and again over the last decade. The company relies on both IBM Db2 and Oracle database software running on IBM Power Systems to support its bespoke electronic financial platform, processing 2 million transactions per day. “Together, IBM Db2, Oracle database and IBM Power Systems solutions give us the ability to process huge transaction volumes,” comments Abbas. “They provide a powerful foundation for our business, and have scaled seamlessly as we’ve grown.”
    • mbellakbail69
       
      To ensure that it selected the best offerings on the market for its latest refresh, the company's IT team undertook a thorough evaluation of storage and server options from multiple vendors.
  •  
    Fawry aims to make their client's life easier. They have an e-commerce solution that connects sellers with buyers offering various payment methods.
  • ...1 more comment...
  •  
    The success of the compnay relies on its partnerships. Fawry's partnership with IBM is brilliant because IBM can offer Fawry some advanced technology that can help improve the business.
  •  
    Fawri is a secure alternative to the traditional procedures. It is user friendly and Egiptians are benefiting from it.
  •  
    "The company's success is built on delivering consistently fast, dependable services alongside continual innovation. Seeing an opportunity to do more with its data, Fawry evaluated its technology infrastructure to ensure it was ready for the next phase in its evolution."
aymanelmamoun

Kenyan Insure Tech launches E-Commerce Platform For Insurance Sector Players - 0 views

  • Bismart, a Kenyan insure-tech company has unveiled an online e-commerce platform that will enable insurance companies, brokers, agents to connect with their customers end- to- end.
ghtazi

9 Fintech Startups in Ghana To Watch Out For - WeeTracker Research - WeeTracker - 0 views

  • The solution is a mobile app that helps customers to get access to financial investment solutions through their mobile phone regardless of an internet connection. Customers can select either long or short term investment solutions through our app or via our USSD platform
    • sawsanenn
       
      one of InvestMobile's service
  • The solution is a mobile app that helps customers to get access to financial investment solutions through their mobile phone regardless of an internet connection. Customers can select either long or short term investment solutions through our app or via our USSD platform. The app intelligently integrates with the mobile money account of the subscriber and an agreed amount is deducted from the account daily, weekly or monthly and invested into financial investment instrument on behalf of the customer.
    • ghtazi
       
      this excerpt shows that one of the best solution that invest mobile offers to their customers
ghtazi

List of FinTech companies in Ghana - 0 views

    • sawsanenn
       
      Invest Mobile competitor
  • ezoMoney provides a digital solution to informal savings schemes, allowing savings groups and individuals via their digital savings platform. BezoMoney has a wallet for each of the individuals who save with them. The digital savings platform provides access to loans and helps those saving with them create a comprehensive savings history to ensure transparency.  Bezo Money also provides investments, investment payment options, insurance, group purchase, and pensions services.
  • Undoubtedly, Ghana’s drive towards a cashless economy cannot be achieved without Financial Technology — FinTech. We’ve been pushed to an era where most people use mobile money services in the country, and have seen the birth of FinTech companies who render financial services and also provide foreign remittance services from countries across the world.
  • ...1 more annotation...
    • ghtazi
       
      this excerpt shows how much fintech is important for the growth of the banking sector
kenza_abdelhaq

AgroCenta CEO on the Challenges of Entrepreneurship in Ghana - 0 views

  • Does being an entrepreneur in Ghana – and in a developing economy in Africa – presents any ulterior challenges you had overcome?Being an entrepreneur in Africa and in emerging markets, in general, is quite difficult because of the lack of structure and supports put in place by the government. It requires a lot of courage and persistence to get the simplest things done. Any simple tech solution that you might want to build can end up being a very complex challenge because it relies on services that do not exist or don’t work properly. Access to funding also remains a big problem for many entrepreneurs who will need money to test, pilot and scale a platform or a solution. Many investors are quite held back when it comes to making investments in Africa for an obvious reason: corruption.
    • nouhaila_zaki
       
      This excerpt is important because it reflects the challenges faced by AgroCenta in Ghana, i.e. corruption, lack of financing, lack of proper infrastructure, lack of government help, among other things.
  • Our business model is simple, we are a B2B business that generates commission fees on trade volumes from the businesses we work with.
    • nouhaila_zaki
       
      This excerpt is extremely important because it clearly states the business model of the company.
  • we are definitely improving the financial livelihood of smallholder farmers through fair trade. Many smallholder farmers are paid less than $1 a day and our objective is to increase it to $4 a day by 2020.
    • kenzabenessalah
       
      AgroCenta is an extremely important concept because it is helping to increase farmers' salaries. Going from $1 a day to $4 a day is already an improvement.
  • ...8 more annotations...
  • AgroCenta focuses on 3 key impact goals for Ghana:No Poverty: Gender Equality: in Sub-Saharan Africa, traditions and land ownerships do not favor women, which ends up in many women being excluded from the agriculture value chain. By engaging the relevant stakeholders, AgroCenta rents arable agricultural lands to female smallholder farmers for free. Women are also given seeds, fertilizers, mechanized tractor services and extensive advisory information on farming best practices such as what type of seed to plant, when to plant, how to plant, etc.Decent Work & Economic Growth: we empower smallholder farmers to see agriculture as more than just a way to survive and position it as a viable industry that can be sustainable for their family.
    • mehdibella
       
      as you can see this company cares a lot about the livelyhood of their farmers and is trying to provide them only with the best features that would make life easier which in fact the main things that they tackle in the SDGs.
  • Seedstars Summit has been phenomenal. It has put AgroCenta on a pedestal and in the spotlight of a huge community in Africa. The experience after the Summit has been amazing: we received a lot of proposals from potential investors, partners and other service providers keen on working with us for growth and expansion.
  • Winning the vote of the entire jury, AgroCenta from Ghana was crowned the Seedstars Global Winner of the 5th edition of Seedstars Summit. At Seedstars, we are convinced that AgroCenta will shape the future of AgriTech in Africa. Indeed, the start-up’s mission is to improve the financial livelihood of smallholder farmers through fair trade.
    • aminej
       
      Agrocenta will have a great impact on farmers in Africa since it will enable them to protect their production and have an insurace in case of any risks. It will also help them regulate the market of agricultural products in order to set a price for each one
  • We identified a missing gap in the value chain that was the capacity to access the market for smallholder farmers after they have successfully cultivated their commodities. Access to the market was a huge problem for millions of smallholder farmers.
    • kenza_abdelhaq
       
      AgroCenta is fulfilling a market gap that is the need for smallholder farmers to access the market.
  • AgroCenta focuses as well as Seedstars on achieving the Sustainable Goals set up by the UN
    • sawsanenn
       
      one of the main goals is to reach economic growth by empowering smallholders farmers to see agriculture not only as a survival solution but as an investment
  • Gender Equality: in Sub-Saharan Africa, traditions and land ownerships do not favor women, which ends up in many women being excluded from the agriculture value chain. By engaging the relevant stakeholders, AgroCenta rents arable agricultural lands to female smallholder farmers for free. Women are also given seeds, fertilizers, mechanized tractor services and extensive advisory information on farming best practices such as what type of seed to plant, when to plant, how to plant, etc.Decent Work & Economic Growth: we empower smallholder farmers to see agriculture as more than just a way to survive and position it as a viable industry that can be sustainable for their family.
    • hibaerrai
       
      Agrocenta main goals are the following: first and the most evident one no poverty especially for farmers who are not paid enough. second, gender equality and finally economic agricultural development within the country.
  • A great team for sure! Our major strength has been a team made of people with diverse backgrounds and experiences and a deep understanding of the agricultural value chain. This asset allowed us to save a lot of time we would have naturally spent on trying to fine tune and launch the AgroCenta platform. Thanks to that we avoided making the common mistakes many new and unexperienced founders make.
    • ghtazi
       
      what we can understand is that having a great team is the key asset that led to the rapid growth of Agrocenta. cross-cultural team has been a plus for the development of agrocenta. it helped the company to save time and avoid making common mistakes that many new and inexperienced founders make.
  • Many investors are quite held back when it comes to making investments in Africa for an obvious reason: corruption.
sawsanenn

Fawry | E-Payment & Digital Transformation Leading Platform in Egypt - 0 views

shared by sawsanenn on 10 Feb 21 - No Cached
  • Fawry is the leading digital transformation & E-payment platform in Egypt, offering financial services to consumers and businesses through more than 194,000 locations and a variety of channels. In addition Fawry considered as a provider of payment gateway in Egypt and e-commerce solutions. Know More
    • sawsanenn
       
      The pandemic has created a surge in demand for electronic payment services and Fawry being the leading player in Egypt obviously has benefitted a lot from that - which is also evident from the company's just-announced financials for the second quarter.
kenzabenessalah

Cassava Fintech new COO projects an 80% online usage for its company´s paymen... - 0 views

  • In this interview with Nairametrics, Femi Oshinlaja COO, Cassava Fintech, disclosed that the company is also open to embracing digital currencies as long as there’s a use case that benefits people and businesses across the continent.
    • kenzabenessalah
       
      It was a smart idea for Cassava to welcome digital currencies not only local ones.
kenza_abdelhaq

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

  • 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
       
      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
       
      Tpay Mobile shareholders are African and Middle East leading firms.
  •  
    "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

Even in a world of global super platforms, local innovation still matters | Accion - 0 views

  • Lumkani provides residents in South Africa’s informal settlements with fire insurance and an internet-connected heat sensor that notifies all users if a fire is detected nearby. Eighteen months after launching, Lumkani demonstrated that, in 73 percent of cases, its technology helped prevent fires from spreading beyond the first home.
    • kenza_abdelhaq
       
      Lumkani's technology was proved to be efficient since in more than 70% of the cases the technology helped prevent the spread of fires.
  •  
    "Lumkani provides residents in South Africa's informal settlements with fire insurance and an internet-connected heat sensor that notifies all users if a fire is detected nearby. Eighteen months after launching, Lumkani demonstrated that, in 73 percent of cases, its technology helped prevent fires from spreading beyond the first home."
kenza_abdelhaq

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

  • 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
       
      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
       
      The main source of FarmDrive financing is venture capital investments. The company received very little help from the government.
  •  
    "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."
aminej

EasyEquities puts startup crowdfunding offering 'on hold until further notice' - Ventur... - 0 views

  • First announced last year in December, EasyEquities crowdfunding campaign entailed an indirect investment into a Mauritian entity which would then subsequently invest in the 10 startups from Startupbootcamp Cape Town‘s first cohort. The investment round was initially slated for launch on 15 January, however this was postponed earlier this month to 1 February so that the platform could update the shareholder prospectus — which lays out the terms of the investment.
    • aminej
       
      I believe that investing should be without any intermediary on EasyEquities because otherwise it would lose that aspect where they help people to know more about finance and trading
nourserghini

BiSmart - 0 views

  • Bismart Insurance enables the uninsured African population to access Insurance through co-creating relevant products with existing affinity groups like saccos, schools, welfare groups, Micro-finance institutions etc and connecting them to insurance companies through technology. 
    • tahaemsd
       
      customers are able to review and rate their insurance providers based on their experience
  • Bismart Insurance enables the uninsured African population to access Insurance through co-creating relevant products with existing affinity groups like saccos, schools, welfare groups, Micro-finance institutions etc and connecting them to insurance companies through technology.  At Bismart platform customers are able to reveiw and rate their insurance providers based on their experience, this forces insurance players to compete in giving our customers the best customer experience.
    • aminej
       
      I love this concept because it will help many Africans to be protected against different types of risks such as natural disaster, theft, weather conditions. It will also reduce the number of unbanked people across the African continent
  • At Bismart platform customers are able to reveiw and rate their insurance providers based on their experience, this forces insurance players to compete in giving our customers the best customer experience.We enable customers to compare insurance policies from muiltiple providers not just based on price but based on benefits, exclusions and other customers reviews.
    • nourserghini
       
      Bismart allows customers to compare their insurance providers' services based on price, benefits, exclusions and reviews.
nourserghini

Bismart Insurance - VC4A - 0 views

  • Bismart is a Kenya-based company developing Africa’s first blockchain-powered InsureTech platform to address the primary pain points for African Insurance consumers, namely trust and affordability. The platform will include innovating savings and financial planning tools to help consumers save for and manage premium payments as well as leverage blockchain technology to increase transparency and efficiency. 
    • tahaemsd
       
      Bismart is capturing the upward mobile youth by adressing some points like trust and affordability.
  • Bismart Insurance – VC4A Original: vc4a.com Insurance Penetration in Kenya is at 2.7% due Lack of education/Knowledge, Mistrust, inaffordability and lack of transparency.
    • nourserghini
       
      This article shows that Bismart insurance is trying to promote the concept of insurance in order to enhance its penetration in Kenya which is now estimated at only 2.7%.
hichamachir

The Best Smart Scales In 2021 To Help You Shed Those Extra Pounds - 0 views

  • One such disruption is the rising industry of crowdfunding, which involves a platform, an individual or entity in need of funding, and a community of people willing to collectively contribute these funds in exchange for rewards and recognition. The amount of money raised by crowdfunding platforms during 2012 is expected to reach $2.8 billion, up 91% since 2011.
    • hichamachir
       
      Pula can uses crowdfunding in order to help small scale farmers that can't finance high risks insurance go for it.
mohammed_ab

Top step at the MTN App Awards for EasyEquities - CN&CO - 0 views

  • EasyEquities took home first place in the Best Consumer Solution category and walked away with the overall grand prize, as the #MTNAppAwards winners, of an international trip to a tech-related destination valued at R200,000.
  • EasyEquities is one of CN&CO’s founding partners and over last few years they have truly revolutionised access to investing in South Africa. The brand and business continue to develop and offer all South African’s (and now Australians) access to a platform to further their financial freedom through investing in listed equities in SA, the US, ETFs, Unit Trusts, Crypto Currency, and property.
  •  
    I think that EasyEquities changed the investing experience in South Africa. It has facilitated access to financial markets being African or European so easy and cheap that it's started to be considered as one best fintech solutions in South Africa.
ayachehbouni

Thndr | Digest Africa - 0 views

shared by ayachehbouni on 13 Feb 21 - No Cached
  • thndr is Egypt's mobile first investment platform with 0% commission, no account minimum, access to real time news, market data and easy account setup and funding processes.
    • ayachehbouni
       
      Thndr does not take a commission from trades, which makes it unique in the financial technology world. I believe that this particular thing is what will make users go for Thndr rather than any other platform.
ayachehbouni

Egypt's Thndr gets brokerage license for its stock trading platform - Tech In Africa - 0 views

  • Thndr has simplified the investment process to encourage more investment in stocks, bonds, and funds without hefty commissions or strings attched. Thndr has already opned free trading accounts where users can sign up using the app and get notified once approved.
    • ayachehbouni
       
      I believe that the ease of access and use of investing tools and knowledge is the origin of Thndr's power against other competitors. And as the company keeps finding new innovative ways to increase its reach and further evolve its services, it could very well become an important player in the investment sector.
ayachehbouni

Egyptian stock trading app Thndr completes EGX registration | Enterprise - 0 views

  • Stock trading app Thndr has completed its registration with the EGX, the company announced on its website. The no-commission equities trading platform last month became Egypt’s first company to obtain a new brokerage license since 2008.
    • ayachehbouni
       
      Thndr keeps on cumulating achievements since it was first created, and through its constant seeking of new accomplishments, the company will still be growing more and more in the future.
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