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sawsanenn

Visa, Nigeria's Paga Team For Global FinTech | PYMNTS.com - 0 views

www.pymnts.com/...sa-nigeria-paga-global-fintech

Nigeria FinTech E-payments

shared by sawsanenn on 13 Feb 21 - No Cached
  • “We are excited to partner with Visa, a leader in payments globally, as they are constantly building world-class solutions for consumers and businesses. Our goals are well-aligned. As we scale our wallet across emerging markets such as Nigeria, Mexico and Ethiopia, partnering with Visa to give both consumers and businesses, who have been underserved, access to Visa’s global network made sense to us,” the company said in a press release.
    • ghtazi
      ghtazi on 13 Feb 21
       
      I believe that this collaboration is a plus for both companies. It will help VISA to concur Africa and it will help Paga to reach new horizons.
  • Share Tweet Share Share Share EmailVisa is partnering with the Nigeria-based startup Paga to bring payments technology to Africa and abroad, according to reports on Monday (March 9).Paga has created a multi-channel network that enables more than 14 million Nigerian users to transfer money, make payments and shop digitally, either through its mobile app or via its 24,840 agents. The payments platform acts as a mobile wallet, giving users the power to electronically transfer money and make mobile payments.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it presents the user base of Paga, which amounts to 14 million Nigerians. The excerpt also briefly introduces the main services and products offered by the start-up.
  • Although Visa’s partnership with Paga doesn’t include a monetary investment, the collaboration aligns with the company’s strategy to expand across Africa and work with the continent’s top startups. The move is expected to drive larger payment volumes for both firms.“We want to digitize cash – that’s a strategic priority for us. We want to expand merchant access to payment acceptance and we want to drive financial inclusion,” said Otto Williams, head of strategic partnerships, FinTech and ventures for Visa in Africa. “Based on the partnership, we’re going to launch QR codes and NFC [payments] into the market in Nigeria – alternative ways of receiving payments than bringing out a physical card.”
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the partnership between Visa and Paga and what that entails for the latter. The collaboration is expected to be a first move towards an expansion of Paga in the African continent, and as a great opportunity to further advance with the financial inclusion mission of Paga.
  • ...1 more annotation...
  • The partnership gives Paga account holders the ability to transact on Visa’s global network, and will also see both companies work together on technology developments. The arrangement will bring new merchant options to Paga’s network.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows the good side of this partnership which will bring new options to both companies
mehdibella

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

www.menabytes.com/fawry-billion-dollar

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 12 Feb 21 - No Cached
  • 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
      tahaemsd on 12 Feb 21
       
      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
      kenza_abdelhaq on 13 Feb 21
       
      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
      kenza_abdelhaq on 13 Feb 21
       
      The demand for electronic payment services mainly provided by Fawry in Egypt increased in the context of the pandemic.
  • ...7 more annotations...
  • 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
      kenzabenessalah on 13 Feb 21
       
      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
      ayachehbouni on 13 Feb 21
       
      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
      hibaerrai on 13 Feb 21
       
      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
      mehdibella on 13 Feb 21
       
      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
      mehdibella on 13 Feb 21
       
      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 on 13 Feb 21
     
    "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."
  • mehdi-ezzaoui on 13 Feb 21
     
    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.
aminej

Easy Equities - Ince Communications Agency - 0 views

www.ince.co.za/...easy-equities

Strategy Financial Literacy Fintech Trading Platform Service

shared by aminej on 13 Feb 21 - No Cached
  • EasyEquities is an investment platform specialising in fractional investing. With the democratisation of technology and the rise of the Internet of Things, investing now has too become democratised. With EasyEquities, you can now enjoy the economic benefits of buying whole shares (price dividends and other corporate actions) through the purchase of fractional shares. Fractional shares – indicative of the democratisation of investment opportunities – are fractions of whole shares purchased at no minimum cost. Once you acquire fractional shares through the EasyEquities platform, you earn Fractional share rights (FSRs). As you make further investments in FSRs and ultimately end up with a whole share, the whole share is delivered to you. EasyEquities gives you the opportunity to enjoy the same diversification benefits through fractional shares as you would have with a large share portfolio, making every Rand and Cent count
    • aminej
      aminej on 13 Feb 21
       
      I think that the strategy chosen by EasyEquities here is to lead the South African trading market by providing a plateform with 0 costs in which you can trade and invest. They also facilitate trading through this plateform instead of going to the stock exchange market so it is very innovative. They also want to educate a large part of the South African population to know more about investing and trading in a smart way
aminej

Dayra, an Egyptian fintech wins $15,000 grant from Y Combinator's Startup School - MENA... - 0 views

www.menabytes.com/dayra-yc-startup-school-grant

Fintech Online Service Mobile Transfer Money Platform Insurance

shared by aminej on 12 Feb 21 - No Cached
  • Share246TweetShareWhatsAppEmail246 SharesCairo-based fintech Dayra has won $15,000 grant from Y Combinator’s Startup School, becoming the first startup from the Middle East & North Africa to win it. The winners, most of which were from the United States, were announced by Y Combinator on Friday. MENAbytes also understands that there are at least three startups from the region that have made it to Y Combinator’s current accelerator batch (Winter 2020) that YC will reveal at its demo day in March 2020 – good few months for MENA at YC.
    • aminej
      aminej on 12 Feb 21
       
      It is amazing to see that North African Fintechs are also doing really well and even winning some competition and money to help develop themselves.
mehdi-ezzaoui

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

thespiritedhub.com/artup-closes-6m-funding-africa

PULA FinTech Festival

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • 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.
  • mehdi-ezzaoui on 13 Feb 21
     
    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.
nouhaila_zaki

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

www.wamda.com/...-major-stake-in-fawry-for-100m

Fawry Egypt Equity Structure Investments

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • 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
      nouhaila_zaki on 13 Feb 21
       
      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.
  • nouhaila_zaki on 13 Feb 21
     
    "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

www.easyequities.co.za/about-us

EasyEquities Investment Platform Trading Fintech

shared by mohammed_ab on 07 Feb 21 - No Cached
  • 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
      kenza_abdelhaq on 07 Feb 21
       
      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
      aminej on 12 Feb 21
       
      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 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.
  • ...3 more annotations...
  • 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.
  • 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?
  • mohammed_ab on 13 Feb 21
     
    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.
mbellakbail69

Egyptian digital payments company Fawry IPO oversubscribed 30 times | Reuters - 0 views

www.reuters.com/...scribed-30-times-idUKKCN1UV1ET

shared by mbellakbail69 on 12 Feb 21 - No Cached
  • CAIRO (Reuters) - The initial public offering for Egyptian digital payments company Fawry was oversubscribed by 30.3 times at a price of 6.46 Egyptian pounds (39 U.S. cents), data from the Egyptian stock exchange showed on Monday.
    • aminej
      aminej on 12 Feb 21
       
      The subscriptions for both the public and private offerings for Fawry were large and strong because the industry itself is new to the market and has greater than average growth which means that the company has been innovative and managed to maximize their profit and increase their market shares in the Egyptian Market
  • Fawry plans to list 36% of its share capital, worth up to 1.6 billion Egyptian pounds ($97 million), in the flotation.It said Actis, Banque Misr and National Bank of Egypt would each be offered about 7% of the stock, and 5% would be offered to retail investors.A private placing representing the remaining 10% of the share capital was 15.9 times oversubscribed, raising about 360 million Egyptian pounds, investment bank EFG Hermes said last Thursday.
  • “The subscriptions for both the public and private offerings for Fawry were large and strong because the industry itself is new to the market and has greater than average growth,” said Radwa El-Swaify, head of research at Pharos Securities Brokerage.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      There were many subscriptions for Fawry because of its ability to make operations easier. The subscriptions for public and private offerings were very large.
  • ...1 more annotation...
  • “The view of investors this time around is toward the long-term payoff and not the short-term,” El-Swaify said. Fawry expects trading in its shares to start on the bourse on Aug. 8 after receiving approval from the exchange.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Fawry, founded in 2009, is owned by local and foreign investment banks. About 8% of its shares are held by management and employees.
  • hichamachir on 12 Feb 21
     
    A lot of companies are investing in Fawry's shares. I can say that this is a sign of how good the company is performing in the financial market.
ayachehbouni

Kenya's Bismart Insurance Launches E-Commerce Platform for Industry Players - 0 views

www.inversk.co.ke/...-platform-for-industry-players

shared by ayachehbouni on 13 Feb 21 - No Cached
  • The Kenyan insure-tech company, Bismart, has unveiled an online e-commerce platform that will enable insurance companies, brokers, agents to connect with their customers end to end.Dubbed Pamsmart, the cloud-based platform is tailored to cut down the costs of developing new technologies for insurance players by 90%.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Bismart has recently launched an online e-commerce platform that will facilitate its service and that relies on the cloud-based platform Dubbed Pamsmart.
  • 337SHARESShareTweetSubscribe The Kenyan insure-tech company, Bismart, has unveiled an online e-commerce platform that will enable insurance companies, brokers, agents to connect with their customers end to end. Dubbed Pamsmart, the cloud-based platform is tailored to cut down the costs of developing new technologies for insurance players by 90%.
    • aminej
      aminej on 13 Feb 21
       
      Bismart have managed to create a new platform that will enable customers to have more insight and information about their services and how they work. It is good since it gives some kind of education to people who do not know anything about that
  • 337SHARESShareTweetSubscribe The Kenyan insure-tech company, Bismart, has unveiled an online e-commerce platform that will enable insurance companies, brokers, agents to connect with their customers end to end. Dubbed Pamsmart, the cloud-based platform is tailored to cut down the costs of developing new technologies for insurance players by 90%.
  • ...1 more annotation...
  • Through the platform, customers can easily check the status of their policies, approvals, and lodge insurance claims from online platform.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      Bismart helps customers manage and check their policies in addition to giving them more knowledge about the status and progress of these policies. This is great as customers will feel more at ease knowing exactly what is happening with their policies.
samielbaqqali

Vodafone, MTN Can Share Client Data With Ghana to Trace Contacts - Bloomberg - 1 views

www.bloomberg.com/...a-with-ghana-to-trace-contacts

MTN Fintech Vodafone

shared by samielbaqqali on 12 Feb 21 - No Cached
  • Vodafone and MTN’s Ghanaian units are allowed to share subscriber data with the government to help it track down the contacts of coronavirus cases, a high court in Accra ruled Tuesday.
  • Vodafone and MTN’s Ghanaian units are allowed to share subscriber data with the government to help it track down the contacts of coronavirus cases, a high court in Accra ruled Tuesday.
  • Vodafone and MTN’s Ghanaian units are allowed to share subscriber data with the government to help it track down the contacts of coronavirus cases, a high court in Accra ruled Tuesday.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      A clear example of the advantages of alliances is this. In order to help track covid19 cases in Ghana, MTN and Vodafone use their power of technology. Fintechs, I guess, are the biggest winners in this pandemic.
  • hichamachir on 12 Feb 21
     
    This is a good example of the benefits of partnerships. MTN and Vodafone use their technology power in order to help tracing covid19 cases in Ghana. I think that Fintechs are the biggest winners during this pandemic.
  • hindelquarrouti on 13 Feb 21
     
    The fact that MTN will help the government in tracking down coronavirus cases will most likely benefit the image of the company and increase the trust of its customers.
mehdi-ezzaoui

Capitec partners with EasyEquities to offer share trading in SA and US - 1 views

www.businesslive.co.za/...fer-share-trading-in-sa-and-us

Easyequities Service Africa

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • Capitec has added share trading to its portfolio after entering into a partnership with low-cost investment platform EasyEquities. The move, which was announced on Friday, could be seen as a sign that Capitec wants to be able to satisfy the diverse requirements of more upper-income clients for broader financial services. The company has traditionally used no-frills bank accounts to attract budget-savvy low- to middle-class banking clients. ..
    • aminej
      aminej on 13 Feb 21
       
      It's good to see that different Fintechs are going into partnerships in order to develop more and improve their situations. Capitec wants to target more people and mostly high income who want to maximize more their profits by investing in Stocks and Bonds
  • Capitec partners with EasyEquities to offer share trading in SA and US The move is part of a broader strategy to provide diverse financial services through a partnership network
  • mehdi-ezzaoui on 13 Feb 21
     
    Capitec has added share trading to its portfolio after entering into a partnership with low-cost investment platform EasyEquities.
aymanelmamoun

https://paymentsafrika.com/payment-news/mobile/multi-banks-interoperable-and-agent-netw... - 0 views

paymentsafrika.com/...bile-money-go-live-in-ethiopia

E-Payment Africa FinTech

shared by aymanelmamoun on 13 Feb 21 - No Cached
  • One of the uniqueness of HelloCash mobile money services is its interoperability and shared infrastructure features. The system is designed for multi banks and MFI’s to be interconnected and offer the mobile money service to their respective customers, therefore, partnering financial institutions are able to share each other’s agent and branch network to serve each other’s customers.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      The competitive advantage of HelloCash is interoperability and shared infrastructure features.
mbellakbail69

South Africa Mobile Wallet and Payment Market Opportunities (Databook Series) - Market ... - 0 views

www.researchandmarkets.com/...bile-wallet-and-payment-market

Mobile Payment Snapscan

shared by mbellakbail69 on 27 Feb 21 - No Cached
  • South Africa Market Share of Key Mobile Wallet CompaniesProvides market share by key players in value terms.South Africa Market Share by Mobile Payment Technology: Provides market share by key mobile payment technologies –SMS / USSD,NFC,Code Based, andWeb Based.South Africa Mobile Proximity Payment Market Size and ForecastMobile payment and mobile wallet market size and forecast by mobile proximity payment
mohammed_ab

M-PESA Beats the Competition With Near 99% Market Share once Again - 0 views

techweez.com/...st-leave-the-market-for-m-pesa

M-Pesa Market Shares Mobile Money Kenya

shared by mohammed_ab on 12 Feb 21 - No Cached
  • As of June 2020, mobile money subscriptions stood at 30.5 million. The quarter ending at that time has 223184 mobile money agents. And as expected, M-PESA dominates the space with 98.9% market share. The Communication Authority of Kenya reports that the values transacted during the last quarter of the year (March to June) increased significantly from the previous quarter.
  • mohammed_ab on 12 Feb 21
     
    I'm quite amazed by the domination of M-Pesa in the mobile money market. The company has practically all the shares of the market (99%). This monopolistic position will make it hard for new entrants to compete with M-Pesa.
chaimaa-rachid

M-Pesa has almost 99% market share in Kenya - Connecting Africa - 0 views

www.connectingafrica.com/author.asp

Dominant market-share Kenya

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • Safaricom is still extremely dominant when it comes to Kenya's mobile money market, with almost 99% market share
  • chaimaa-rachid on 13 Feb 21
     
    The organization is doing really well since it holds all the market share (99%).
mehdibella

FWRY.CA - Fawry for Banking Tech and Elec Pay SAE Key Developments | Reuters - 0 views

www.reuters.com/...key-developments

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Fawry Shareholders Approve To Sell 1000 Shares In Fawry Dahab Electronic Services To Banque Misr
  • FAWRY FOR BANKING TECHNOLOGY AND ELECTRONIC PAYMENT <FWRY.CA>::SHAREHOLDERS APPROVE TO SIGN AGREEMENT TO SELL 1000 SHARES IN FAWRY DAHAB ELECTRONIC SERVICES TO BANQUE MISR.SAHREHOLDERS APPROVE FCILITY AGREEMTNT BETWEEN UNIT FAWRY MICROFINANCE AND EGPYTIAN AMERICAN ENTERPRISE FUND IN A LIMIT OF EGP 160 MILLION .TO SELL SHARES IN FAWRY DAHAB ELECTRONIC SERVICES AT EGP 6,705 PER SHARE.SHAREHOLDERS APPROVE FINANCING OFFER FORM BANQUE MISR IN AUTHORISED CASH LIMIT OF EGP 150 MILLION.SAHREHOLDERS APPROVE AUTHORIZED CAPITAL INCREASE TO EGP 1 BILLION FROM EGP 500 MILLION.SHAREHOLDERS APPROVE ISSUED CAPITAL INCREASE TO EGP 453.7 MILLION FROM EGP 353.7 MILLION.SHAREHOLDERS APPROVES ISSUED CAPITAL INCREASE TO EGP 853.7 MILLION FROM EGP 453.7 MILLION THROUGH RIGHTS ISSUE.
mbellakbail69

Egypt's Fawry becomes Africa's 3rd Unicorn to reach a US$1B valuation - FurtherAfrica - 2 views

furtherafrica.com/...corn-to-reach-a-us1b-valuation

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Fawry’s fortune is partly due to the COVID-19 pandemic that caused more people to place a high demand for its e-payment offerings. Being the leading fintech company in Egypt, Fawry’s revenue for the first half of 2020 increased by 47% to EGP 549.26M, from EGP 373.33 generated in 2019.Fawry has joined the rank of African companies that have become unicorns. Jumia was the first to attain unicorn status after listing on the New York Stock Exchange. Interswitch also became a unicorn after Visa acquired minority stakes last year. All three have attained global recognition, credibility, and reputation. The unicorn status creates a good public perception for investors and potential customers.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Covid-19 has caused Fawry's profits to skyrocket making it one of the most leading fintechs in Africa.
  • Fawry’s fortune is partly due to the COVID-19 pandemic that caused more people to place a high demand for its e-payment offerings. Being the leading fintech company in Egypt, Fawry’s revenue for the first half of 2020 increased by 47% to EGP 549.26M, from EGP 373.33 generated in 2019.
  • Ashraf Sabry and Mohamed Okasha founded Fawry in 2008. It has an online payment gateway for business owners to transact with customers via cash, credit cards, and e-wallets. In 2019, Fawry listed about 36% (254.6M) of its ordinary shares on the Egyptian Stock Exchange. It initially sold at EGP 6.46 per share, and then it tripled to EGP 18.78 at a market cap of EGP 13.3B in July 2020. After going public, other investors took an interest that led to a significant increase by over 300% in its stock price since its debut at the Egyptian Stock Exchange.
  • ...1 more annotation...
  • Ashraf Sabry and Mohamed Okasha founded Fawry in 2008. It has an online payment gateway for business owners to transact with customers via cash, credit cards, and e-wallets. In 2019, Fawry listed about 36% (254.6M) of its ordinary shares on the Egyptian Stock Exchange. It initially sold at EGP 6.46 per share, and then it tripled to EGP 18.78 at a market cap of EGP 13.3B in July 2020. After going public, other investors took an interest that led to a significant increase by over 300% in its stock price since its debut at the Egyptian Stock Exchange.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      I believe Fawry has joined the rank of African companies that have become unicorns. Jumia was the first to attain unicorn status after listing on the New York Stock Exchange.
  • mohammed_ab on 13 Feb 21
     
    It's really interesting to see that covid-19 had a positive impact on the fintech industry. Fawry is yet another great example of this unexpected effect of Covid-19 pandemic. Their revenues have increased by nearly 50% in the first semester of 2020, and the reason behind that is that the population started to rely more and more on e-payment.
  • mehdi-ezzaoui on 13 Feb 21
     
    Fawry has joined the rank of African companies that have become unicorns. Jumia was the first to attain unicorn status after listing on the New York Stock Exchange. Interswitch also became a unicorn after Visa acquired minority stakes last year. All three have attained global recognition, credibility, and reputation. The unicorn status creates a good public perception for investors and potential customers.
kenza_abdelhaq

TPAY acquires Payguru, the leading payment platform in Turkey | Helios Investment Partners - 0 views

www.heliosinvestment.com/...teforme-de-paiement-en-turquie

TPay Mobile Algeria Acquisitions

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • TPAY MOBILE, the leading digital merchant acquirer and mobile payment enabler in the Middle East and Africa, announced the acquisition of 100% of the shares of Payguru, one of Turkey’s leading payment service providers. The transaction remains subject to approvals from the Central Bank of the Republic of Turkey and the Competition Authority.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Tpay Mobile acquired all the shares of the Turkish payment service provider Payguru which allowed the company to expand its operations to Turkey.
  • Payguru offers mobile payments, ATM cash payments, and bank transfer services to its merchants through its integration with Turkey’s three mobile network operators (Turkcell, Vodafone, and Türk Telekom) and 8 major banks in Turkey (Ziraat Bankası, Yapı Kredi Bankası, Türkiye İş Bankası, Garani Bankası, Akbank, TEB Paribas, Vakıfbank and QNB Finansbank).
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      The newly acquired company allows Tpay Mobile to offer alternative payment products, have access to more financial technologies, and work closely with different banks and mobile network operators in Turkey.
  • kenza_abdelhaq on 12 Feb 21
     
    "TPAY MOBILE, the leading digital merchant acquirer and mobile payment enabler in the Middle East and Africa, announced the acquisition of 100% of the shares of Payguru, one of Turkey's leading payment service providers. The transaction remains subject to approvals from the Central Bank of the Republic of Turkey and the Competition Authority. "
mehdi-ezzaoui

Reddit war: EasyEquities clients barred from buying Nokia - 0 views

www.businessinsider.co.za/s-stop-trading-in-nokia-2021-2

Easyequities nokia Service Africa

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • EasyEquities clients won’t be able to buy Nokia shares, while the fight between retail investors and Wall Street hots up.Millions of small investors have been buying GameStop shares to squeeze large hedge funds, who bet big money that the US retailer’s share price would fall.
    • aminej
      aminej on 13 Feb 21
       
      This is bad for Nokia since many for people from Africa won't be able to invest anymore in Nokia stocks, In-fact their stock decreased by 7% since taking decisions.
  • EasyEquities clients were informed that they won’t be able to buy Nokia shares for now.
  • mehdi-ezzaoui on 13 Feb 21
     
    Easy equities banned from buying fractional Nokia stocks
mehdibella

"Fawry" took over "Waffarha" shares | Fawry - 0 views

fawry.com/awry-took-over-waffarha-shares

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Fawry, Egypt’s first and largest E-payment company in the Egyptian market signed an agreement to acquire a non-controlling interest in “Waffarha” is a platform that provides various offers and discount vouchers for B2B and B2C through its website and APPs on mobile devices.Tarek Magdy, CEO of Waffarha, said: “Waffarha” was launched 6 years ago as the only platform that provides offers ranging from 50% for B2B and B2C, with more than 1 million social media followers and more than 1000 commercial series.”And he pointed out that “Waffarha” provides many services as (restaurants, cafes, travel, health and beauty, entertainment, etc.). There are 250 thousand customers who have saved nearly 50 million EGP after using “Waffarha”. All offers starting from 50% include taxes and services, and can be paid in different ways by choosing “Fawry Pay” service, which allows customers to pay cash in more than 90 thousand stores of Fawry or by banks (credit cards or direct debit). In addition to paying with “PayPal” through Fawry Pay” Magdy added: “Waffarha” aims to reach its dealings to 150 million Egyptian pounds by 2020″.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      Fawry acquired WAFFARHA shares in order to correctly respond the requirements of its customers and businesses (Banks, mobile companies...) and provide them with loyalty programs, points systems ... in different fields. Since WAFFARHA was providing different services such as travel, health and beauty, restaurants... Fawry is alwaysmaking new investments in order to improve its customers and businesses journey and make it memorable.
  • “Fawry” took over “Waffarha” shares | Fawry
  • Fawry, Egypt’s first and largest E-payment company in the Egyptian market signed an agreement to acquire a non-controlling interest in “Waffarha” is a platform that provides various offers and discount vouchers for B2B and B2C through its website and APPs on mobile devices.
  • ...2 more annotations...
  • Tarek Magdy, CEO of Waffarha, said: “Waffarha” was launched 6 years ago as the only platform that provides offers ranging from 50% for B2B and B2C, with more than 1 million social media followers and more than 1000 commercial series.”
  • And he pointed out that “Waffarha” provides many services as (restaurants, cafes, travel, health and beauty, entertainment, etc.). There are 250 thousand customers who have saved nearly 50 million EGP after using “Waffarha”. All offers starting from 50% include taxes and services, and can be paid in different ways by choosing “Fawry Pay” service, which allows customers to pay cash in more than 90 thousand stores of Fawry or by banks (credit cards or direct debit). In addition to paying with “PayPal” through Fawry Pay”
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