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mehdi-ezzaoui

Pula: Insuretech Startup Closes $6M Series A Funding to Scale Up Business Across Africa - 1 views

  • Funding Pula: Insuretech Startup Closes $6M Series A Funding to Scale Up Business Across Africa 0 SharesShareTweetSharePin The African Insuretech service provider, Pula, has recently closed a US$6 million Series A funding round led by TLcom Capital and had participation from Women’s World Banking. It specializes in digital as well as agric insurance to derisk smallholder farmers across Africa. This new round of investment to the insuretech startup will be used to scale up operations in the company’s existing 13 markets across Africa. Pula has so far impacted over 4.3 million farmers on the continent and the new funding will help push its expansion into Asia to power resilience and profitability for Asian smallholder farmers. Pula was launched by Rose Goslinga and Thomas Njeru in 2015, to design and deliver innovative agricultural insurance and digital products to help smallholders farmers improve their farming practices, endure climate risks and bolster their incomes. This has become necessary because for smallholder farmers in emerging markets, the traditional method of calculating insurance through farm visits is often expensive, meaning they are often neglected from financial protection against climate risks.
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    This new round of investment to the insuretech startup will be used to scale up operations in the company's existing 13 markets across Africa. Pula has so far impacted over 4.3 million farmers on the continent and the new funding will help push its expansion into Asia to power resilience and profitability for Asian smallholder farmers.
mehdibella

Egypt's Fawry is now a billion-dollar company - 1 views

  • Fawry had witnessed a surge in its stock price during the first two months after its public markets debut but the price afterward remained almost flat until March – when they also saw it drop to one of its lowest points of EGP 7 per share. But since then, it has been on an upward trajectory – which also coincides with Covid-19.
    • tahaemsd
       
      the pandemic has created a surge in demand for electronic payment services and Fawry being the leading player in Egypt benefitted a lot from that.
  • Fawry that is the only technology company on The Egyptian Exchange currently offers over 250 electronic payment services through its network of over 105,000 service points across 300 cities in Egypt – that include ATMs, mobile wallets, retail shops, post offices, and little vendor kiosks.
    • kenza_abdelhaq
       
      Fawry has a large network of service points and diversified services spread out in different cities in Egypt.
  • 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 company’s just-announced financials for the second quarter.
    • kenza_abdelhaq
       
      The demand for electronic payment services mainly provided by Fawry in Egypt increased in the context of the pandemic.
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  • Share7KTweetShareWhatsAppEmail7K SharesEgyptian electronic payments company Fawry now has a market cap of over $1 billion. It achieved the feat during the intraday trading, with its share price rising to EGP 22.69 which gives it a market cap of EGP 16 billion or $1 billion (for the first time). With this, Fawry has become the first technology company in Egypt to get to the billion-dollar valuation.
    • kenzabenessalah
       
      It's important to keep in mind that Fawry started out small and then became the first technology company in Egypt to get a market cap of $1 billion.
  • Egyptian electronic payments company Fawry now has a market cap of over $1 billion. It achieved the feat during the intraday trading, with its share price rising to EGP 22.69 which gives it a market cap of EGP 16 billion or $1 billion (for the first time). With this, Fawry has become the first technology company in Egypt to get to the billion-dollar valuation.
    • ayachehbouni
       
      This achievement was partly, or mainly, due to the Covid-19 pandemic that pushed many people to place a high demand on Fawry's many e-payment solutions and services.
  • Its revenue for the first half of 2020 has increased by 47 percent (year-on-year) to EGP 549.26 million ($34.41 million) from EGP 373.33 million ($23.38 million) for the same period of 2019. The net profit of the company in H1 2020 has increased by over 135 percent YoY to EGP 85.9 million ($5.38 million) from EGP 36.47 million ($2.29) in H1 2019.
    • hibaerrai
       
      Fawry leads the Fintech Egyptian Market, its stock price has increased, and its revenue has increased as well in 2020.
  • Its stock price has increased by over 300 percent since its debut at The Egyptian Exchange in August last year. It had gone public with its shares priced at EGP 6.46 (per share).
  • Egypt's Fawry is now a billion-dollar company
  • Its stock price has increased by over 300 percent since its debut at The Egyptian Exchange in August last year. It had gone public with its shares priced at EGP 6.46 (per share).
    • mehdibella
       
      Fawry had witnessed a surge in its stock price during the first two months after its public markets debut but the price afterward remained almost flat until March -
  • Its revenue for the first half of 2020 has increased by 47 percent (year-on-year) to EGP 549.26 million ($34.41 million) from EGP 373.33 million ($23.38 million) for the same period of 2019. The net profit of the company in H1 2020 has increased by over 135 percent YoY to EGP 85.9 million ($5.38 million) from EGP 36.47 million ($2.29) in H1 2019.
    • mehdibella
       
      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 company's just-announced financials for the second quarter
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    "Fawry that is the only technology company on The Egyptian Exchange currently offers over 250 electronic payment services through its network of over 105,000 service points across 300 cities in Egypt - that include ATMs, mobile wallets, retail shops, post offices, and little vendor kiosks."
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    Fawry that is the only technology company on The Egyptian Exchange currently offers over 250 electronic payment services through its network of over 105,000 service points across 300 cities in Egypt - that include ATMs, mobile wallets, retail shops, post offices, and little vendor kiosks.
nouhaila_zaki

The future of Africa's Agriculture rests with the youth | E-Agriculture - 2 views

  • The youth in the study said that their biggest obstacle to a career in farming was learning the digital and technical skills needed in todays’ market. Technologies such as cloud computing, soil sensors, drones have changed food production and processing – digital literacy is now a must!
    • nouhaila_zaki
       
      This excerpt is important because it emphasizes on how digital literacy could contribute to the creation of jobs in Africa, which are most needed.
  • he second important reasons they raised was land ownership, most youths who receive farming land get smaller pieces of land parceled out. The challenge is that young farmers must produce more yields from smaller spaces, without innovative technologies In some countries for example in Kenya, some youth are innovatively establishing youth-driven innovations which sadly do not receive political or financial support that allows for viability and scalability.
  • Africa is in the height of a crisis and an opportunity. Africa’s population stands at 1,2 billion people and over 60% are below the age of 25. Yet most African youths are not employed, and according to the World Bank by 2035, 350 million new jobs will be needed. Africa’s population is growing faster than jobs are created. There is a potential for agriculture to create employment, however, African youths in Sub-Saharan Africa do not realize agriculture as a profitable opportunity for livelihood. There is a growing notion that the best way to entice young people back to the farms is through making youths access information and communication technologies tailored for agriculture.
nouhaila_zaki

How TPAY MOBILE is supporting inclusion across the Middle East and Africa - TPAY MOBILE - 4 views

  • And today our technology does just that, by allowing merchants and operators to accept mobile payments from consumers without the need for a traditional bank account.
    • nouhaila_zaki
       
      This reflects how the company targets underbanked groups, and how it achieves financial inclusion.
  • Coupled with the differing financial, legal, and operational processes across the MEA region is limited access to traditional banking infrastructure, with 63% (circa 1 billion) of the adult population unbanked. While this is a common trait in emerging markets, it does mean that traditional transactions based on credit and debit cards are not a realistic prospect for many consumers. However, with smartphone penetration growing apace, and with it the ability and desire to purchase goods and services through digital channels, there is an increasing need for alternative payment methods to support access and consumption.
    • nouhaila_zaki
       
      Here the article explains why there is a need for TPAY Mobile products: 1- Largely unbanked population = traditional transactions based on debit and credit cards are not realistic. 2- Smartphone penetration + ability & desire to purchase digitally = need for alternative payment methods.
  • And our team’s inclusion efforts don’t stop there. TPAY MOBILE employees have been volunteering and hosting financial literacy workshops with INJAZ Egypt, a non-profit organization empowering young people to own their economic success through partnering with businesses and educational institutions across the country.
    • nouhaila_zaki
       
      Social work for financial inclusion appears to be a priority for the company. Collaboration with an NGO in Egypt reflects that.
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    Very interesting company! Even though it is an Algerian company, its scope goes beyond the African borders to include the whole MEA region!
aminej

Abacus Kenya | F6S - 0 views

  • We provide both local and international investors with the tools they need to understand and invest in Kenya's financial markets. Via web and mobile apps, we provide news aggregated from different publishers and fed through sorting and analysis artificial intelligence, real time data from the the securities exchange, charting and analysis tools and order placement for shares currently, but will carry bonds, derivatives and investment funds as well. We have partnered with local banks and stock brokers to leverage their back-end infrastructure and for provision of liquidity.
    • aminej
       
      I love this service because it will reduce the percentage of unbanked people among the Kenyan population. People will learn how to invest their money and maximise their profits through different instruments and services which is good for the banking sector but also the Kenyan economy.
samielbaqqali

The remittance industry is failing those who need it most - By Dr Ismail Ahmed, founder... - 1 views

  • The remittance market in Africa has for too long been monopolised by companies imposing very high fees that are on average three times those charged on remittances to Asia. They combine a pricing structure that imposes extortionate minimum charges with consistently poor services.
  • This has its roots in Western Union’s early activities in the African continent. As the first formal mover in the money transfer market, it worked to establish long-standing exclusivity agreements with all major African banks and money transfer agents, barring them from working with competitors. Such exclusivity agreements have propelled Western Union to a near-monopoly position in key African corridors, and have prevented the industry from being competitive.
    • samielbaqqali
       
      WorldRemit's founder claimed that the remittance industry is failing individuals who most need it. I believe that by offering low fees and gaining consumer confidence, WorldRemit will profit from this issue.
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    The founder of WorldRemit stated that the remittance industry is failing people who need it the most. I think that WorldRemit can benefit from this problem by providing low fees and gain customer trust.
mehdi-ezzaoui

Ethio-Pay Celeb - 0 views

Ethio-Pay Celebrates Official Launch, Finally   Consumer pressure urged the last bank to join the integration line   The belated national e-payment switch, Ethio-Pay, serving the integr...

Ethippay

started by mehdi-ezzaoui on 12 Feb 21 no follow-up yet
hindelquarrouti

Fawry changing the culture of payment in Egypt: Top management - Daily News Egypt - 1 views

  • our solution is based on high technology and based on Service Oriented Architecture (SOA) standard. We are highly available and our system is scalable as it can carry huge numbers of transactions. We are now certifying for the Payment Application Data Security Standard (PA-DSS) for security development and we’re following the standards of the Interactive Financial Exchange (IFX), ISO27001 and other different standards related to technology and security. Our solution is based on applying the latest technology, following the latest standards and being reliable. Moreover we allow easy access through more channels than competition to satisfy our customers’ needs. Also we’re covering more sectors and providing more services than our rivals.
  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post.
    • samielbaqqali
       
      The business aims to be creative as much as possible and to make all its offerings very realistic in order to make it simpler for its customers. Fawry cares a lot about the happiness of its customers. I believe Fawry recognizes the value of customer loyalty and how it allows an organization to retain profitability.
  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post.1 Now we are covering about 60 types of bills, where we cover the telecommunications sector and lately we covered all electrical companies in the country and some water companies. We also offer our services at universities and syndicates. Adding to that, users can now buy their airline tickets through us.
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  • Fawry is an Egyptian company that started in 2009 with the purpose of offering electronic payment services through several payment channels. The service started at banks and a big network of outlets all over the republic as well as Egypt post. Now we are covering about 60 types of bills, where we cover the telecommunications sector and lately we covered all electrical companies in the country and some water companies. We also offer our services at universities and syndicates. Adding to that, users can now buy their airline tickets through us.
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    Fawry cares a lot about the satisfaction of its customers, the company tries to be innovative as much as possible and to make all its services very practical in order to make life easier for its customers. I think Fawry knows the importance of customer satisfaction and how it helps a business maintain sustainability.
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    Fawry is gaining more and more popularity in Egypt. Also, it has developped two methods of payments: 1) anonymous: in which customers can pay their bills without actually revealing their identity. 2)Account creation: in this case the customers need to create an account with Fawry; this last one makes the process much easier for the customer
nourserghini

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

  • 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
       
      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
       
      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
       
      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.
chaimaa-rachid

The Profit in Nonprofit - 1 views

  • Once in East Africa, Flannery and Jackley agreed that they too would facilitate loans rather than donations. After weeks of brainstorming, they soon settled on the basic idea for Kiva. At first, they envisioned a few friends and family members lending money to a handful of entrepreneurs in East Africa. And then eventually, although they weren’t sure of the steps along the way, they saw Kiva evolving into a self-regulating online lending marketplace where microfinance institutions (MFIs) could raise loan capital to fund projects for small-business people in developing countries.
    • hichamachir
       
      In order for a business to succeed, you need to start small. I liked the way Kiva started its business step by step in order to gain more information about the market size and improve its business.
  • Kiva’s business plan was quite straightforward: An online platform would allow ordinary people to invest in small and medium enterprises (SMEs) in the developing world.
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    Kiva is assisting with financing numerous small and medium enterprises. This business intends to change and improve individuals' lives.
nouhaila_zaki

Mama Money - New Transfer Providers | Digital Frontiers Institute - 0 views

  • So how does Mama Money offer their service at 5% whereas Mukuru, arguably the most popular service over the South Africa-Zimbabwe corridor, charges double this? From our experience of testing these two services, we noted a few key differences in how they operate which is likely to drive the cost differential between the two services. These differences include: · Mama Money maintain low overhead costs. Mama Money operate a single branch in Cape Town whereas Mukuru operate at least seven of their own branches nationally and they also operate through the Inter Africa branch network · Mama Money offer limited support beyond registration. In comparison, Mukuru operate a large 24 hour call centre and live chat function that supports and facilitates transfers. These support functions are no doubt very expensive to operate · Mama Money have a single partner organisation in Zimbabwe. Mama Money only have a single partner in Zimbabwe, CABS bank, whereas Mukuru have partnerships with a number of banks, retailers and mobile wallets. That said, if Mama Money’s Facebook comments are anything to go by, they may be adding more partner organisations in Zimbabwe, so this factor may soon be invalidated So while Mama Money’s competitors charge considerably higher fees, in the case of Mukuru, these higher fees are associated with some value-added benefits for the customer, for instance 24hr support on transactions for the sender and, for the recipient, a choice in how to receive the money.
    • nouhaila_zaki
       
      This excerpt explains how one of Mukuru's competitors Mama Money manages to charge lower commission fees (only 5% for Mama Money, and 10% for Mukuru). This could become an opportunity for growth for Mukuru who can attempt to find ways to cut its commission fees to attract more customers while maintaining its high quality and diversifying towards other services/products to gain more profit elsewhere.
aminej

Is the Easy Equities platform best? - Moneyweb - 0 views

  • Easy Equities is an easy to use platform where you can buy equities, exchange-traded funds (ETFs) and exchange-traded notes (ETNs), as well as other baskets and bundles. If the term ‘safe’ in your question means that it’s a legitimate and licensed platform, and the person running Easy Equities is not going take your money and buy themselves a Ferrari and post it on Instagram, then yes, Easy Equities is ‘safe
    • aminej
       
      The term safe here depends mainly on what the customers chose to trade in. If they want to make a lot of money they would probably go for a risky stock which will bring them more profit and vice versa
aminej

From a tweet to a R100m deal: How Sanlam acquired 30% of EasyEquities - BizNews.com - 0 views

  • Sanlam’s recent deal to acquire a 30% stake in EasyEquities for R100m sparked a lot of interest in the market. However, Sanlam-owned Satrix and EasyEquities have struck up partnerships prior to this deal with the advent of SatrixNOW, an offering that taps a white-labeled EasyEquities service. CEO of Satrix, Helena Conradie, took some time out earlier this week to chat to BizNews about the Sanlam-EasyEquities deal and the backstory to how a tweet of all things kick-started the relationship between the two businesses…
    • aminej
       
      Sanlam understood that EasyEquities will be very profitable in the long run so they decided to invest in For 100m I believe it is a good price since it will bring so much more revenues in the future.
nouhaila_zaki

Fawry sells major stake for $100M - Wamda - 0 views

  • Helios now owns the lion’s share of the company by acquiring 40 percent, followed by MENA LTV with 25 percent, and EAEF with 20 percent. The International Finance Corporation (IFC) acquired 18 percent of Fawry’s shares at the beginning of 2013, which was followed by another investment by EME International, who did not disclose the stake they took in the company. IFC now owns only 5 percent of Fawry, and 10 percent is owned by Fawry’s management. “The two organizations will remain stakeholders,” said Fawry CEO Ashraf Sabry. “Currently, they have no intention of an exit, and we also have no intention of going public before at least five years.” The arrival of new investors would not affect the company’s management structure, he adde
  • “The most important thing to look for in investors is that they should have experience in investing in similar markets, with similar economic and social conditions,” Sabry said. “This way, they they can understand the challenges that await their investment. This is in addition to their having lots of patience, so they can make their intended profit.”
    • nouhaila_zaki
       
      This article and most particularly the highlighted excerpts are very important because they introduce us to the equity structure or fawry (20% Helios, 5% IFC, 10% Fawry's management etc). Also, the article introduces us to the criteria sought in potential investors before accepting and initiating the collaboration, which include the need for these investors to understand the risk coming with their investment in such a fast pace high risk market.
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    "Helios now owns the lion's share of the company by acquiring 40 percent, followed by MENA LTV with 25 percent, and EAEF with 20 percent. The International Finance Corporation (IFC) acquired 18 percent of Fawry's shares at the beginning of 2013, which was followed by another investment by EME International, who did not disclose the stake they took in the company. IFC now owns only 5 percent of Fawry, and 10 percent is owned by Fawry's management. "The two organizations will remain stakeholders," said Fawry CEO Ashraf Sabry. "Currently, they have no intention of an exit, and we also have no intention of going public before at least five years." The arrival of new investors would not affect the company's management structure, he adde"
mohammed_ab

About Us | EasyEquities - 3 views

  • EasyEquities aims to disrupt and remove the barriers to entry in local and international stock markets, making the purchase of shares easy, cheap and fun, and ensuring that anyone can own shares in the companies they love.
    • kenza_abdelhaq
       
      The South African Investech EasyEquities gives the opportunity to both "newbies and seasoned investors" to invest in stocks either in local or international stock markets by simplifying the process, reducing costs, and ensuring full transparency.
  • EasyEquities (EE), a subsidiary of JSE listed Purple Group Limited (PPE), is an online platform which allows anyone to buy shares in the brands and companies they love. For as little as R5, $10 or whatever amount they have available to invest (and with no monthly brokerage fees) newbie and seasoned investors alike can grow their wealth. EE powered by First World Trader (Pty), as an authorized financial services provider, has a strong focus on customer satisfaction. Our mission is to be a respected and recognized financial services provider. Treating our customers fairly is a primary objective of the conceptualization, creation and launch of the platform.
    • aminej
       
      I love this service since it enables people to invest their money in whatever business they want and also for any amount such as 10$, it will teach many people how to trade and maximize their profits
  • We’re cheap We’ve jumped though all the legal and technical hoops to deliver you nice-price investing. No minimums, no monthly fees and the super low commissions. Let’s not forget about Fractional Share Rights, which allow you to invest with whatever amount you can afford. You’re welcome.
  • ...3 more annotations...
  • We’re easy You won’t find tricky tech, jargon or complex functionality here. We’ve kept things super simple so that your experience is quick, intuitive and fun.
  • We’re educational Upping your investment know-how or honing your skills is as easy as checking out our blog or FAQs, where we regularly post research, expert opinions and customer stories to help guide you in your journey. We’re also constantly engaging with our community on Twitter, Facebook and YouTube where you can chat to other investors and find helpful videos and tips.
  • We’ve got common purpose We dream big and want to see everyone investing. That means rewriting the rules, breaking away from the norm and creating a culture of empowered savers. Who’s with us?
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    I really like the value proposition of Easyequities. They've provided an easy and cheap platform to invest in fractional shares or real shares to African investors.
nouhaila_zaki

SimbaPay - Easy Money Transfer to Kenya - 0 views

  • SimbaPay is PCI DSS compliant and certified. PCI standards mandates the increase if controls around cardholder data to help eliminate credit card fraud. So rest assured your card details are safe and secure with us.
    • nouhaila_zaki
       
      This excerpt is important because it reflects the efforts undertook by SimbaPay in order to eliminate fraud (here credit card fraud) and ensure security.
  • We are compensated for the foreign exchange risk we take given we offer our customers fixed exchange rates. Market exchange rates do change every second, however we understand out customers prefer knowing exactly how much they have to pay and exacty how much their loved ones will receive.
    • nouhaila_zaki
       
      This excerpt is excellent at introducing us to the way in which SimbaPay is making a profit without charging fees on money transfers. This is an explanation of how their business model works.
samielbaqqali

Fintech and e-commerce trends to look for in 2020 - 0 views

  • Digital is constantly growing with a double-digit thanks to eCom, mobile and social networks  Physical Stores are still But growth comes from online 
    • samielbaqqali
       
      Fawry could also start thinking about physical stores, in order to increase profit.
samielbaqqali

Virtual Cards - Global Processing Services | GPS - 0 views

  • By using virtual cards and wallets for online payments, you can: • Meet customer expectations by delivering an innovative product that they need • Encourage immediate card use to drive the profitability of your programme • Enhance the customer and user experience through convenient features • Strengthen your brand amongst your customers
    • samielbaqqali
       
      All these must be present while using the Fawry application.
aminej

About - 1 views

  • We are thrilled to be pioneering commission free trading in Egypt. We believe that saving through investing is the right and sensible thing to do.
  • an app that is designed for everyone, green and expert investors alike. Our technology innovation allowed us to remove the barriers that anyone could face when opening or funding their brokerage accounts, helping us open up the market for a whole new wave of investors.
    • mehdibella
       
      this app main mission is to help the Egyptian lives easier by enabling investments opportunities easier and accessible to eveyrone.
  • we don't stop there. Through access to the right tools, our app is built to empower you to invest smartly.
  • ...1 more annotation...
  • We are thrilled to be pioneering commission free trading in Egypt. We believe that saving through investing is the right and sensible thing to do. So, we built an app that is designed for everyone, green and expert investors alike. Our technology innovation allowed us to remove the barriers that anyone could face when opening or funding their brokerage accounts, helping us open up the market for a whole new wave of investors. And, we don't stop there. Through access to the right tools, our app is built to empower you to invest smartly.
    • aminej
       
      I believe that it is an interesting application that would help many people discover the culture of trading and investing smartly in order to maximize their profits
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