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kenza_abdelhaq

SnapScan - OfferZen - 0 views

www.offerzen.com/...snapscan

SnapScan South Africa Payments Service

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Founded in 2013, SnapScan originally flourished in coffee shops and at weekend markets. The founding team had extensive experience in banking and mobile money, and knew that payments for these merchants could be greatly improved. Interest in the product grew organically and culminated in SnapScan winning the MTN App of the Year award in 2013. Since then we've been featured in local and international media (CNN, BBC, CNBC, TechCentral), and continue to grow year-on-year.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      it facilitate a variety of payments in store, online and even bills.
  • SnapScan has always relied on small, cross-functional teams to get things done. We believe that it delivers stronger results than those delivered by bigger teams. You will join a small, highly leveraged technical team that has buy-in and autonomy to solve problems using whatever tools and means are fit for purpose.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      I agree with the fact that small teams get things done faster than larger ones; it makes SnapScan appear like a family.
nourserghini

How M-Pesa, Kenya's mobile money banking, transformed the lives of the poor - Vox - 0 views

www.vox.com/...nking-unbanked-cellphone-money

Mpesa Mobile-money Payments Kenya

shared by nourserghini on 13 Feb 21 - No Cached
  • That’s how mobile money accounts first came about. Mobile money apps don’t require a brick-and-mortar bank, but they otherwise end up functioning a lot like a bank account and debit card would for an American — meaning your average person in Kenya with such an account now has access to most of the same financial services a person in the US does. Mobile money got off the ground early in the developing world, where people used texting-based services before smartphones became common. There were early attempts to set up such systems in the 2000s in South Africa and the Philippines. But the breakthrough was the extraordinary early success of Kenya’s M-Pesa, which actually predates apps like Venmo. (“Pesa” is Swahili for money; the “M” stands for “mobile.”) The project that became M-Pesa started in 2002 when phone companies noticed that they had unintentionally invented something that almost resembled a currency.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Mpesa started in 2002 with the huge success of mobile money apps in the developing world as many individuals were unbanked or underbanked and this was the early breakthrough for them to perform important transactions.
tahaemsd

Product Insights at Lumkani jobs - Via - 0 views

jobs.via.work/80

FinTech Africa Service modernization protection

shared by tahaemsd on 13 Feb 21 - No Cached
  • Lumkani is a social enterprise that seeks to address the challenge of shack/slum fires in urban informal settlements in South Africa and across the globe. Lumkani aims to create social impact in two ways. Firstly by increasing the safety and security of people living in informal settlements with technology-based early-warning systems, and secondly with affordable relevant financial services products, such as our Lumkani short term fire insurance for informal homes.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      this is creating high value in urban slums
nouhaila_zaki

JUMO - Funding, Financials, Valuation & Investors - 0 views

www.crunchbase.com/...company_financials

JUMO South Africa Financials

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • JUMO has raised a total of $146.7M in funding over 9 rounds. Their latest funding was raised on Feb 26, 2020 from a Series C round.JUMO is funded by 10 investors. Goldman Sachs and LeapFrog Investments are the most recent investors.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it describes the sources of funding that Jumo is benefitting from. Here one can see that Jumo is funded by 10 investors, and that it raised funding from over 9 rounds.
tahaemsd

Start-up Spotlight: Shack fire early-warning systems save lives - EE Publishers - 0 views

www.ee.co.za/...arning-systems-save-lives.html

FinTech Africa Service modernization protection

shared by tahaemsd on 13 Feb 21 - No Cached
  • Lumkani has always had the dream of making communities more resilient to the devastation of shack fires. Having the opportunity to cover an additional 20 000 South African homes with our early warning system has been a big step towards realising this,” says Francois Petousis, Director of Humanitarian Projects at Lumkani. “Every week we hear stories of people who have heard our fire alarms ringing in a neighbourhood, or have received our SMS saying that their house is on fire which has helped them to race home to put out a small fire before it caused any damage. That is huge motivation for us to reach even more homes across our country.”
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      this sytem creates a community -wide alert in the early phases of a fire and then send text messages to all residents
sawsanenn

Jumo - la fintech au service des entrepreneurs africains | Proparco - Groupe ... - 0 views

www.proparco.fr/...ce-des-entrepreneurs-africains

FinTech Financial inclusion Service Platform

shared by sawsanenn on 13 Feb 21 - No Cached
  • Start-up basée à Cape Town en Afrique du Sud, JUMO propose à ses clients de souscrire à des prêts et des produits d’épargne depuis leur téléphone portable.
    • ghtazi
      ghtazi on 13 Feb 21
       
      JUMO gives its customers, as a start-up company based in Cape Town, South Africa, the ability to subscribe to loans and savings items from their mobile phones.
  • Start-up basée à Cape Town en Afrique du Sud, JUMO propose à ses clients de souscrire à des prêts et des produits d’épargne depuis leur téléphone portable.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt shows different services that jumo offers to its target customers
sawsanenn

Innovation : Proparco signe son 1er investissement dans JUMO, une Fintech pou... - 0 views

choose-africa.com/...fintech-prets-digitaux-afrique

Financial inclusion Africa FinTech Service Asia

shared by sawsanenn on 13 Feb 21 - No Cached
  • Avec cette prise de participation de 3 millions de dollars, Proparco soutiendra la croissance de JUMO. Elle contribuera au développement de l’inclusion financière des populations exclues du système bancaire formel. Deux tiers des clients de JUMO sont issus du secteur informel.
    • ghtazi
      ghtazi on 13 Feb 21
       
      Proparco will finance JUMO's development with this $3 million equity investment. It will contribute to the development of the financial inclusion of populations excluded from the formal banking system. Two-thirds of JUMO's clients come from the informal sector.
  • Sensible aux principes de protection de la clientèle, JUMO a mis en place un comité d’éthique qui évalue, de manière indépendante, le respect des bonnes pratiques. La société a par ailleurs collaboré avec des organisations telles que The Smart Campaign pour adapter les standards de protection de la clientèle aux services financiers digitaux, en mettant notamment l’accent sur les aspects de confidentialité des données. En 2017, la Fondation MasterCard a désigné JUMO comme l’entreprise la plus client-centric, proposant des services financiers et travaillant avec des clients à faibles revenus dans les marchés émergents.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt explains how ethics are part of Jumo's identity. The company has put a lot of efforts into adapting its standards for digital customer protection to international standards while putting an emphasis on data confidentiality.
  • Au-delà, ce financement contribuera à améliorer leurs conditions de vie. Certains emprunteurs font usage de leur prêt pour couvrir des frais urgents et investir dans leur entreprise. Ce projet contribuera à leur autonomisation financière. Enfin, il appuie la création et le maintien d’emplois aussi bien au sein de JUMO qu’indirectement, au sein du secteur privé informel, en soutenant l’emploi des entrepreneurs et de leurs employés.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt reflects the financial inclusion concern that Jumo holds as a priority. Jumo provides underbanked/unbanked populations with the opportunity to access loans without collateral, which significantly contributes to the improvement of these people's lives et financial independence.
  • ...1 more annotation...
  • La majorité des clients actuels de JUMO ne dispose que de très faibles revenus (80 % des clients tanzaniens vivent avec moins de 4 dollars par jour). Ce sont des personnes qui accèdent généralement au crédit formel pour la première fois. Par exemple, 81 % des clients tanzaniens et 77 % des clients zambiens déclarent n’avoir jamais obtenu de prêt formel auparavant.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Because the main customers of Jumo are from Africa and more specifically sub-Saharan countries and south African countries where the rate of unemployment is high as well as poverty.
ghtazi

Mukuru Adds Sign-Up Feature to WhatsApp - IT News Africa - Up to date technology news, ... - 1 views

www.itnewsafrica.com/...ds-sign-up-feature-to-whatsapp

Mukuru Transaction Control

shared by ghtazi on 13 Feb 21 - No Cached
  • By signing up for Mukuru via WhatsApp, users will be able to bypass the onerous task of submitting Know-Your-Customer (KYC) documents to an agent or Mukuru branch in person. Instead, they can submit documents directly to Mukuru’s verifications team. Mukuru will then provide timely feedback via WhatsApp as to whether a prospective customer’s ID documents have been effectively verified or not (and if the customer needs to take further steps). “Our customers already use WhatsApp extensively to create money transfer transactions (comprising more than 30% of our total monthly transaction volume in SA) so we are naturally extending self sign-up services on this channel,” says Jury. “This capability removes key barriers for our customers and increases accessibility to important financial services in South Africa and across our network. By harnessing our technology expertise and ability to innovate around customer pain points, we are boosting financial inclusion by allowing customers to submit their own KYC documents and gain access to higher limits.”
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the importance of WhatsApp in the operations of Mukuru. 1- Whatsapp allows cheap KYC 2- Whatsapp is an extension of customer habits 3- Whatsappremoves barries to access financial services.
  • “Our customers have been asking for a Mukuru App, and we have made sure to develop and present a solution that empowers our customers to send money back home to their families in an even safer and more convenient way. Mukuru has always given its customers the ability to transact when and wherever they need to through our existing USSD and WhatsApp offerings – the Mukuru App adds a richer experience and more control for a customer to manage their profile,”
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      It is a good idea to use one of the most used social media application which is WhatsApp, it will be more easy for customers to make a payment or receive it. It is a good approach to make the transactions accessible and easy for everybody.
  • “Our customers have been asking for a Mukuru App, and we have made sure to develop and present a solution that empowers our customers to send money back home to their families in an even safer and more convenient way. Mukuru has always given its customers the ability to transact when and wherever they need to through our existing USSD and WhatsApp offerings – the Mukuru App adds a richer experience and more control for a customer to manage their profile,”
    • ghtazi
      ghtazi on 13 Feb 21
       
      the introduction of Mukuru to social media is a great move since we live in an era where social media controls everything. it will also touch the z generation and will extend their target customers.
omarlahmidi

From stores to the streets: SnapScan's road to a cashless society - Ventureburn - 0 views

ventureburn.com/...ans-road-to-a-cashless-society

SnapScan Africa E-Payments

shared by omarlahmidi on 13 Feb 21 - No Cached
  • SnapScan wants to see a cashless, frictionless society. For the customer, the app poses an alternative to cash and credit cards because it’s faster. Customers don’t need to wait in a queue, or for the PoS terminal to finish processing their payment. You can simply take a picture of the merchant’s unique QR code, enter the amount, and they’ll be notified either via SMS or their PoS system. The merchant can set up the system in five minutes (SnapScan claims) with no hardware required other than a mobile phone. This means that any person selling apples on the street to a department store can integrate SnapScan. There are also fewer costs involved compared to setting up a credit card terminal, the only charge being a 3% transaction fee. Secondly, it’s meant to be more secure. With SnapScan’s method of payment, the merchant never has to handle your details or card. The app user’s card details are stored on their smartphones and protected with their personal PIN codes.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      I think this app is innovative because it has replaced every online shopping cart in which online shoppers do not have to type their information each time they check out.
  • This week, SnapScan rolled its app out to The Big Issue vendors across South Africa, the non-profit magazine that’s usually sold at intersections in urban areas. People with the app can now purchase the latest issue by simply taking a photo of a QR code and typing in the amount they want to pay. There’s no hassle of fiddling for your wallet or looking for change lying around in the car before the light turns green.
    • omarlahmidi
      omarlahmidi on 13 Feb 21
       
      SnapScan is a solution to the big Issue to vendors by just using Qr code
kenza_abdelhaq

Lumkani - 1 views

lumkani.com

Lumkani South Africa Insurtech Target

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • properties we protect: Informal homes Small homes and low-cost homes (RDPs) Small businesses
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Lumakni's customer target to achieve financial inclusion.
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