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We are honoured to have the opportunity to collaborate with some of the leading minds in AI and ML to accelerate the extension of financial services to the billions of un(der)-served people in the world. We’re at a critical point in our business where we are focused on leveraging the latest technology to increase customer eligibility and decrease unequal access to quality financial products in emerging markets.” JUMO founder and CEO Andrew Watkins-Ball 

The company says they reached this milestone in just over 18 months after crossing the US$1billion mark in 2019. This indicates exponential growth in the access to and availability of working capital for customers. Jumo also notes that they only have an average customer default rate of less than 5%.

This milestone has been reached just over 18 months after crossing the US$1B mark in 2019, and indicates exponential growth in the access to and availability of working capital for customers, with an average customer default rate of less than 5%. Andrew Watkins-Ball, Founder & Group CEO, said this achievement is evidence of the success of JUMO’s unique business model, its ability to reach unbanked populations and to provide market-leading infrastructure for financial services.

With steady growth in our user base, we have been working hard over the past year in order to optimize and perfect our product and are now ready to begin our scaling journey. We will dedicate the money from this bridge round to raise greater awareness for MoneyFellows, in order to allow a much greater number of users to access our application and meet their saving and financial needs

MoneyFellows with its group pooling platform for credit and savings is digitizing the entire process of money circles with a scoring model that compliments current offline model, making it more scalable, safe and efficient.

Video technology has been gaining steam as a marketing medium for quite some time and the trend is showing no signs of slowing down. Video currently represents close to 70 percent of all internet traffic and will reach 80 percent of traffic by 2019, according to a recent report by Cisco. That’s nearly a million minutes of video being shared every second! We’ve also seen video make its mark on both the social and media landscape as well. Facebook has opened live streaming to all users, and the advent of tools such as Blab, Meerkat and Periscope have changed the way news is being reported as reporters have started using livestreaming tools to give viewers unprecedented access and intimacy to breaking news events.

Bismart was awarded seed capital of Sh1 million in April 2018 by Standard chartered Women in Tech programmed and office space for nine months at IBIZ Africa incubator, as the most innovative and scalable business model in Kenya.

NAIROBI, Kenya, Jul 9- GreenTec Capital, a German investment boutique focused on African start-ups, has entered into an investment agreement with Bismart, a Kenyan start-up insurance aggregator leveraging on digital platforms and technologies to educate and advice customers on the best insurance and investment solutions available in the Kenya market.

There are about 7.22 billion smart gadgets (including smartphones, tablets and phones) in the world, which are multiplying five times faster than the world’s population Facebook reported to have a total of 1,591 million monthly active users in the fourth quarter of 2015, out of which 823 million were mobile-only Top sites in the US recorded 56% of total traffic from mobile devices Around 1.5 billion smartphone users were recorded in 2014, which is estimated to grow to around 2.5 billion by the end of 2019 By 2020, 70% of the world’s population will own a smartphone, reported by Telegraph 68 million searches are done every hour on mobile devices across the globe, source More emails are opened on mobile devices than desktop 55% of total emails are accessed on mobile devices, according to an email analytics report Number of mobile email users are estimated to grow by 23% this year Emails on mobile phones reflected 26.7% of sales as compared to 20.9% on desktops, according to an email analytics report

At Kiva, we are constantly working to reach new countries and communities, with loans that better serve the needs of borrowers and their families. Kiva lenders crowdfund an average of $2.5 million in loans each week, creating a unique, renewable pool of funds that is reshaping access to financial services around the world

M-Shwari is a paperless banking service offered through M-PESA. It will: Enable you open and operate an M-Shwari bank account through your mobile phone, via M-PESA, without having to visit banks or fill out any forms. Provide you the ability to move money in and out of your M-Shwari savings account to your M-PESA account at no charge. Give you an opportunity to save as little as KSHs.1 and earn interest of up to 6.65% p.a on your saving balance. This cash is moved into the savings account via M-PESA. Enable you to access micro credit product (loan) of a minimum of KSHs.100 any time and receive your loan instantly on your M-PESA account charged at a facility fee of 7.5% Save for a fixed period of time (Lock Savings Account) and earn interest of up to 70% of the Central bank Rate. This is a product for everyone who feels that banking should be hassle-free. No forms to fill in, no branches to visit. Just one click on your phone and you have a savings account!

Support small business owners in regions affected by violence or instability, where credit is often very difficult to access.

Through SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries in Africa, Europe, and Asia including India, United Kingdom, China (WeChat Pay), Germany, Uganda among others.

Commenting on the partnership, SimbaPay’s Head of Operations Victor Karanja noted that the service will provide a seamless platform for Prime Bank’s customer base to send money abroad at the click of a button.

The growth of cloud computing is a trend that M-Pesa hopes to exploit. Servers that are accessed via the internet and are located in data centres are referred to as the “cloud”. Using them means that companies don’t have to manage their own servers or run software on their own machines.

Kiva receives a broad range of support from a diverse set of corporations and foundations. From discounted services and free software, to grants and financial backing, Kiva is grateful for each partner that helps us achieve our mission of expanding financial access to help underserved communities thrive. (Please note that the corporations and foundations listed have made contributions of either grants, loan funds, equipment or services in the last 30 months.)

A quiet but exciting revolution in surgery has been gaining ground in hospitals in the more advanced nations of the world. Robots, controlled by highly trained operators, have been very effectively carrying out a multitude of operations. Could robot-assisted surgery be the solution Africa has been waiting for in order to be able to deal with the hugecurrent unmet demand?