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nouhaila_zaki

My PAGA - transact mobile payments; send cash via mobile; pay bills via mobile. - 0 views

www.mypaga.com/...C48866E180618E0E570B5BE493B-s1

Paga Nigeria Overview

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • We are a team of passionate Africans determined to tackle what we consider a critical issue paramount to Africas development - the availability of financial services to all Africans. Paga was founded early 2009 on the simple belief that the ubiquity of mobile phones can be leveraged to bring financial services to all Africans. We aim to accomplish our mission by working in partnership with select Banks, Microfinance institutions, and all Mobile Network Operators. Innovation is at the core of our company - we strive to develop "appropriate technology" suited for the local markets where we operate. We also work hard to ensure our services are low cost and accessible via our agent network - in doing so we can strive towards universal access. Paga works on the most basic SMS enabled phone and on all mobile networks so customers have the liberty to have their Paga account available at their finger tips regardless of what phone or network they are using. For consumers, our core offering is a money transfer service - with Paga you can send money to anyone with a mobile phone. You can either use Paga by yourself (if you own a Paga account) or by going to any Paga Agent. We also offer several other products such as: buying/sending airtime credits, bill payments, and retail payments. For ultimate convenience we provide several channels for consumers to use Paga - SMS, Online, a mobile application, USSD, or IVR (automated line). Paga Merchant Services allows businesses to collect payment from all spectrums of the population - whether banked or not. By leveraging the Paga e-widget, businesses can integrate a world class online checkout process on their own websites. Businesses can also leverage our agent network to collect payment for goods and services or provide customers the convenience of paying via SMS or online at Pagas customer portal. Our current services are the beginning of a journey. Through our innovation lab "Paga labs" and in conjunction with our partners we will continue to develop and deliver valuable offerings to our customers. Together with our partners we will achieve our mission and bring financial services within reach of millions of Africans!
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is an introductory statement of the company Paga, its operations, its goals, its customers, its core offerings, and its innovation programs.
samiatazi

Carbon for SME | Financial Services Infrastructure for Africa - 0 views

sme.getcarbon.co

Carbon Fintechs e-payment Nigeria

shared by samiatazi on 13 Feb 21 - No Cached
  • The complete suite of services to help your business scaleOnline Payments Accept online payments from Visa, Verve and Mastercard in over 40 currencies. All transactions are PCI DSS compliant, 3D Secure enabled, and processed through an SSL encrypted channel.
    • samiatazi
      samiatazi on 13 Feb 21
       
      Carbon provides t customers with many features fo their e-payments, business loans, and transfers !
  • Business LoansTraditional sources of financing are rigid, demand collateral, and do not fit your business flow. Take your business to the next level with up to ₦20 million uncollateralized flexible repayment loans.
  • Funds Transfers & OverdraftsNever let your business run dry again with Optimus. Reliably transfer funds at cheaper rates than the banks and keep your business afloat with an Overdraft when you need liquidity.
  • ...1 more annotation...
  • Identity VerificationCarbonIVS is the most advanced and comprehensive Identity Verification System in Nigeria, helping businesses maintain KYC compliance, fight fraud and onboard customers faster.
mohammed_ab

Visa and Fawry sign strategic partnership to accelerate digital payments acceptance | Z... - 1 views

www.zawya.com/...acceptance-ZAWYA20201004113100

Fawry Egypt Visa Fintech Partnership

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Visa, (NYSE: V), the world’s leader in digital payments and Fawry, the leading digital transformation and ePayment platform in Egypt announced that they have signed a strategic partnership to accelerate acceptance of digital payments in Egypt in alignment with the Central Bank of Egypt’s plans to build a digital economy and advance digital and financial inclusion in the country.The partnership aims to catalyze the provision of open loop Visa digital acceptance solutions including both POS terminals and QR solutions to a larger number of merchants so they can benefit from the advantages of electronic payments by leveraging on Visa’s vast global network and experience as well as Fawry’s locally relevant solutions.  
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it touches upon partnerships initiated by Fawry with Visa and the Egyptian Government (and Central Bank) in an effort to promote financial inclusion and build a digital economy in Egypt.
  • Visa and Fawry sign strategic partnership to accelerate digital payments acceptance
  • One of the key solutions that the partnership aims to address is the need to enable a digital ecosystem that easily supports the needs of consumers and merchants. Through Visa Direct’s peer to peer transfer and low cost QR solutions, millions of customers – regardless of who they bank with – would be able to make peer to peer and business to business transactions easily and securely so they can move money in real time.
  • mohammed_ab on 13 Feb 21
     
    The excerpt is relevant here because it introduces a critical partnership between Fawry and Visa. This partnership will have positive impacts on Fawry: Quick and secure money transfer between people regardless of their bank.
mohammed_ab

Top 5 African FinTech Startups to Keep Your Eyes on in 2019 - 2 views

www.afrohustler.com/an-fintech-startups-watch-2019

JUMO Financial Inclusion South Africa Google

shared by mohammed_ab on 12 Feb 21 - No Cached
  • Since its inception, about 7.5 million customers have used the platform to either save or source credit. Of this number, about 75% are small business owners. All eyes will be watching to see what big deals come next this year for Jumo.
  • Jumo facilitates digital financial services such as credit and savings in emerging markets. The startup, founded in 2014 by Watkins-Ball is already active in seven African countries — South Africa, Ghana, Kenya, Rwanda, Uganda, Tanzania and Zambia, as well as in Pakistan and Singapore.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      JUMO is used by most small business owners because they feel that their business can be strengthened by this business. JUMO has found small business solutions and these small companies will become big businesses, so it would be good for the organization to be part of this improvement.
  • Last year, the Cape Town-based fintech startup became the first South African startup to be selected by Google for its Launchpad accelerator. Since its inception in January 2015 to April 2017, the company has grown from just seven to 300 employees.
  • hichamachir on 12 Feb 21
     
    Most small business owners use JUMO because they believe that this company can improve their business. JUMO found solutions for small businesses and these small businesses can become big businesses, so being part of this improvement would be beneficial for the company.
  • mohammed_ab on 13 Feb 21
     
    I like the idea that a South African company is competing with a lot of fintech companies and has been selected by Google for an accelerator program. I think that the company could learn many insights from this accelator.
kenza_abdelhaq

Ethiopia Mobile Wallet & Payment Market Opportunities (2019 Databook Series): Market Si... - 1 views

www.businesswire.com/...-2025---ResearchAndMarkets.com

Ethiopay Ethiopia Payments market

shared by kenza_abdelhaq on 11 Feb 21 - No Cached
  • Mobile payment and mobile wallet market size and forecast across 45+ markets segments on three essential KPIs - mobile payment transaction value, volume and average transaction value.
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      EthioPay's market segment focuses on volume, transaction value, and mobile payment transaction value. This is important ;to know because it distinguishes between all the different segments.
  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      The mobile payment industry in Ethiopia forecasts an important growth of the CAGR.
mohammed_ab

Don't Fear the Algorithm: The Risks and Benefits Of Machine Learning in Finance - NextB... - 0 views

nextbillion.net/rithm-machine-learning-finance

JUMO Africa Financial inclusion Machine Learning

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Machine learning is a critical component of this process, as it allows us to enhance our predictive ability to better identify these qualifying customers. As a result, we are making significant strides towards our goal of creating the world’s leanest and lowest-cost banking infrastructure. This helps our bank partners offer loans at the lowest possible rate, and it helps our customers to achieve higher-yield savings. We’ve proven that our model works. Twelve million customers in Africa and Asia have saved or borrowed on the JUMO platform, and roughly 70% of these customers are micro and small businesses. We’re incredibly proud of our progress so far – but we know there’s more we can do.
  • To test our approach, we looked at Ghana, running new and advanced machine learning algorithms on signals associated with a pool of lending applicants. The goal was to identify combinations of signals — from income size and deposit frequency to mobile phone battery life and mobile wallet transaction patterns — that would serve as more accurate indicators of likely fraud than existing models.
  • mohammed_ab on 13 Feb 21
     
    This article explains how machine learning is used as a tool to identify potential customers for JUMO. It's quite amazing to see that machine learning take into account things like the battery life of your phone, data usage, mobile money transactions as components to make a lending decision
nourserghini

Startup Ecosystem Map of Ethiopia - 0 views

ethiopia.startupblink.com/...belcash

Belcash Unbanked Ethiopia Services

shared by nourserghini on 13 Feb 21 - No Cached
  • ICT platform for mobile banking: micro money transfer (P2P), pay my bill, send local/international remittances, online payment solutions, buy calling credit. Ethiopia is one of the most underbanked countries, only 5% of the population has a bank account. Currently 617 bank branches in Ethiopia are serving 85 million people. Most rural areas lack banking infrastructure. Innovation: send money directly to anyone with a mobile phone, a free bank account for the receiver is opened promptly.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Belcash provides a platform for mobile banking that includes p2p, remittances, online payment, pay my bill, etc. Belcash also has the advantage that only 5% of the population are banked which leaves 95% in need of their services in order to survive financially.
ayoubb

Egyptian fintech MoneyFellows has raised over $1m - Ventureburn - 0 views

ventureburn.com/...neyfellows-egypt-fintech-round

shared by ayoubb on 13 Feb 21 - No Cached
  • Tech publication Menabytes reported in an exclusive article yesterday (4 August) that 500 Startups, Dubai Angel Investors, and Phoenician Funds along with other unnamed individual investors participated in the round.
    • ayoubb
      ayoubb on 13 Feb 21
       
      MoneyFellows
sawsanenn

Vodacom and Safaricom in the driver's seat for M-Pesa - 0 views

www.theafricareport.com/...in-the-drivers-seat-for-m-pesa

Financial inclusion FinTech Service Africa

shared by sawsanenn on 12 Feb 21 - No Cached
  • M-Pesa, the mobile-money platform that helps millions of people on the continent to make financial transactions, is now under stronger African control. This follows the successful conclusion of the acquisition of M-Pesa by South Africa’s Vodacom and Kenya’s Safaricom from the UK’s Vodafone, the chief executives of the three companies announced on Monday.
  • The transaction has been in the works since 2019, when Vodacom and Safaricom announced they had formed a joint venture through which they planned to acquire the full suite of M-Pesa services.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Vodacom and Safaricom engaging in a joint venture to acquire M-Pesa.
  • The platform is available in Kenya, Tanzania, Lesotho, the Democratic Republic of the Congo, Ghana, Mozambique and Egypt. The acquisition will enable a more aggressive expansion strategy to other markets on the continent where the platform is not available.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Large network around Africa.
  • ...2 more annotations...
  • In 2019, M-Pesa users conducted 11bn transactions worth R2trn ($107.1bn), while the platform contributed R3.1bn to Vodacom’s revenue. M-Pesa is a big part of Vodacom’s plans to diversity into fintech.
    • ghtazi
      ghtazi on 13 Feb 21
       
      m-pesa is a competitive advantage for Vodacom's plan to diversify into fintech. the platform is now available in 7 African countries. this will also allow an aggressive expansion strategy to other markets in Africa when the platform is not yet available.
  • A key impediment to M-Pesa gaining traction was the fact that the country has a well-established banking sector and most adult South Africans have bank accounts.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      besides that, these banks have their own fintech services that are not as developed as M-Pesa, but the fact they are produced from the bank, it makes them more trustworthy than M-Pesa This kind of bank services make the market highly competitive
  • mohammed_ab on 12 Feb 21
     
    This acquisition will allow M-Pesa to expand to other African markets more easily. It will also give the company stronger market power as all subscribers of Vodacom's will have easy access to M-Pesa services.
  • kenza_abdelhaq on 13 Feb 21
     
    "The transaction has been in the works since 2019, when Vodacom and Safaricom announced they had formed a joint venture through which they planned to acquire the full suite of M-Pesa services."
ghtazi

Mukuru | Company Profiles | Africa Outlook Magazine - 0 views

www.africaoutlookmag.com/...1130-mukuru

Mukuru Transformative Solution Easy

shared by ghtazi on 13 Feb 21 - No Cached
  • What Andy Jury is referring to is the backstory behind Mukuru.  “Our founders were in this same boat,” he adds, “and what started out as a desire to iron out personal wrinkles, in getting money home to their friends and family, morphed into a realisation that there was a massive business opportunity if we could build a simple, secure, rapid means of affordably being able to send money.”  A remittances-led financial services company that was brought to life to empower financially under-serviced migrants, Mukuru has become renowned as the go-to platform to send money in a convenient, safe and affordable manner across Africa.  “We wanted to produce a transformative solution that was simple to use and accessible to anyone with a mobile device,” Jury, the company’s Group CEO, adds. “It required us to walk in our customers’ shoes, understand the pain points they had with remitting money home and build a solution that addressed these challenges.”  And this is exactly what the company has spent the past decade doing.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Mukuru targets unbanked individuals, ignored migrants and others. The goal was to make money and remittance transfers easier and safer. I believe that they should follow WorldRemit's path and expand more internationally.
  • “We’ve attempted to stay true to this approach as our business has grown, expanded and evolved – if we continue to obsess about trying to understand what customers really need and build solutions to address these requirements, then we’ll be well placed to walk alongside our customer base as their needs evolve.”  Following this philosophy, Mukuru has developed a remittance portfolio that is characterised by a high degree of customer loyalty, trust and repeat business – features that have enabled the company to reach a total 25 million transactions, a figure recorded in late 2018.   
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it shows that innovation and improvement of customers experience are the keys to Mukuru's success since they put all their focus and attention into their customers
  • What Andy Jury is referring to is the backstory behind Mukuru.  “Our founders were in this same boat,” he adds, “and what started out as a desire to iron out personal wrinkles, in getting money home to their friends and family, morphed into a realisation that there was a massive business opportunity if we could build a simple, secure, rapid means of affordably being able to send money.”  A remittances-led financial services company that was brought to life to empower financially under-serviced migrants, Mukuru has become renowned as the go-to platform to send money in a convenient, safe and affordable manner across Africa.  “We wanted to produce a transformative solution that was simple to use and accessible to anyone with a mobile device,” Jury, the company’s Group CEO, adds. “It required us to walk in our customers’ shoes, understand the pain points they had with remitting money home and build a solution that addressed these challenges.”  And this is exactly what the company has spent the past decade doing.
    • ghtazi
      ghtazi on 13 Feb 21
       
      through this excerpt, we can see that Mukuru wanted to produce a transformation solution that will be easy to use for everyone and accessible to anyone with a mobile phone. they put themselves in the customer's shoes in order to better understand their needs and preferences.
aminej

WorldCover raises $6M round for emerging markets' climate insurance | TechCrunch - 1 views

techcrunch.com/...ging-markets-climate-insurance

Climate Change Agriculture Farmer Insurance Funds Investing Online Fintech

shared by aminej on 07 Feb 21 - No Cached
  • WorldCover investor and EchoVC founder Eghosa Omoigui believes the startup’s insurance offerings can actually help farmers improve yield. “Weather-risk drives a lot of decisions with these farmers on what to plant, when to plant, and how much to plant,” he said. “With the crop insurance option, the farmer says, ‘Instead of one hector, I can now plant two or three, because I’m covered.’ ”
  • WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phones and data analytics to create insurance options for farmers whose crop yields are affected adversely by weather events — primarily lack of rain.
  • For the moment, WorldCover only insures for events such as rainfall risk, but in the future it will look to include other weather events, such as tropical storms, in its insurance programs and platform data analytics.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      worldcover model oes not assess or provide insurance payouts specificially for climate change
  • ...3 more annotations...
  • the startup will look to possibilities to update its platform to offer farming advice to smallholder farmers, in addition to insurance coverage.
    • aminej
      aminej on 13 Feb 21
       
      WorldCover has managed to raise funds of 6 milllion which is huge. It shows that companies are more and more helping farmers and agriculture because it is very important for the development of a country
  • WorldCover, a New York and Africa-based climate insurance provider to smallholder farmers, has raised a $6 million Series A round led by MS&AD Ventures.Y Combinator, Western Technology Investment and EchoVC also participated in the round.WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phones and data analytics to create insurance options for farmers whose crop yields are affected adversely by weather events — primarily lack of rain.
  • mohammed_ab on 07 Feb 21
     
    WorldCover provides a solution for crop and smallholder farmers to protect themselves from weather uncertainty. The company gives an opportunity to those farmers to hedge against weather risks, which helps them increase their yield.
  • hindelquarrouti on 13 Feb 21
     
    Worldcover is an African-based Insurance that covers climate. It mainly targets farmers. It benefits from the use of satellite imagery and data analytics in order to create good insurance options to farmers.
  • chaimaa-rachid on 13 Feb 21
     
    Worldcover gives small farmers the correct sort of insurance relying on their region.
mohammed_ab

0% Interest Small Business Loans | Kiva - 1 views

us.kiva.org/wenyc

Kiva Crowdfunding Entrepreneurs Microfinance Women

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Kiva expands access to and lowers the cost of capital for small business owners by providing 0% interest, crowdfunded loans, raised from its network of 1.6 million supportive lenders around the world. Many of these lenders become borrowers' new customers, brand advocates, and biggest fans.
  • WE NYC has partnered with Kiva, a platform specializing in crowdfunded loans, to help more women entrepreneurs achieve crowdfunding success. Participating in WE Fund Crowd means WE NYC will be your first lender, pledging 10%, or up to $1,000, of your crowdfunding goal. Friends, family, and new supporters who see your campaign will know that WE NYC believes in your business and your dreams.
  • chaimaa-rachid on 13 Feb 21
     
    Kiva has a very interesting platform that aims to help small businesses that have no interest.
  • mohammed_ab on 13 Feb 21
     
    This partnership between the city of New York and Kiva should be an example for all major cities.
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

In a cash-strapped age, are microloans the answer? | World news | The Guardian - 0 views

www.theguardian.com/...ancing-poverty-good-news-loans

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Millions of people in developing countries depend on microloans to raise the funds to grow a business or just stay afloat in hard times. And thanks to digital platforms, smartphones and free-moving global capital, growing numbers of people in the rich world are using their money to lift others out of poverty.
  • But the reality is often a lot messier – something that may not initially be obvious to the lender. In fact, like Cabusog and Lendwithcare, borrowers and crowdfunding sites connect via local partner microfinance institutions (MFIs) who do the essential work of assessing creditworthiness and administering loans. To pay for that, most MFIs charge interest to borrowers, often at wildly varying rates.
  • Kiva is the slickest of the microfunding websites, offering a mind-bogglingly glossy catalogue of projects sorted into different categories, countries and attributes, all illustrated with backstories and pictures.
  • ...2 more annotations...
  • Kiva is often already in the borrower’s pocket, lent by a local MFI long before the loan target has been met. There are good practical reasons for this, explains Kathy Guis,
  • Kiva is using blockchain technology in Sierra Leone to create an online ID database so that loan applicants outside the formal banking system can prove their credit history, and it hopes to extend the system to other countries if successful.
  • mohammed_ab on 13 Feb 21
     
    It seems that microfinance or crowdfunding is life-saving for many young entrepreneurs. However, there are some practices that sometimes interfere with the non-profit status of companies like Kiva. On Kiva's website, It's stated that loans are free of charge, but the MFIs charge interest to borrowers at varying rates depending on the region, which might affect the borrowers.
mehdibella

Turo partners with Kiva to launch a novel initiative to help close the racial wealth gap - 0 views

www.prnewswire.com/...cial-wealth-gap-301174125.html

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • "Our commitment of up to $1 million in funding to address the growing wealth inequality in the United States is not only the right thing to do, but a necessity,"
  • Kiva's crowdfunding platform, Kiva.org, allows individuals to lend as little as $25 to make a difference in someone's life. Kiva Protocol aims to establish financial identity and credit history for unbanked populations using distributed ledger technology (DLT), with its inaugural project currently being implemented in Sierra Leone.
  • Kiva Capital Management is a forthcoming subsidiary of Kiva that will operate as an impact-first asset manager connecting Kiva's network of Field Partners with institutional capital, scaling Kiva's ability to lend to underserved populations around the world.
mehdi-ezzaoui

This startup has a simple plan to de-risk small-scale African farming | The Optimist Da... - 1 views

www.optimistdaily.com/...sk-small-scale-african-farming

PULA Fintech Service

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • African agriculture, especially small farms, have not had it easy over the past few years. Droughts, pests, floods, and local conflict have exacerbated challenges for many food producers. This is why insurtech startup Pula is working to provide small farmers with insurance to help manage the implications of climate change and other environmental uncertainties. The startup begins the farming season by sending representatives to farms to gauge the potential yield of the season. Pula then sends this estimate to insurance companies to generate a policy offer. According to Pula, the initiative has been so successful because in every African country they have worked in, there are insurance companies willing to support their initiative.
  • mehdi-ezzaoui on 13 Feb 21
     
    "African agriculture, especially small farms, have not had it easy over the past few years. Droughts, pests, floods, and local conflict have exacerbated challenges for many food producers. This is why insurtech startup Pula is working to provide small farmers with insurance to help manage the implications of climate change and other environmental uncertainties.  The startup begins the farming season by sending representatives to farms to gauge the potential yield of the season. Pula then sends this estimate to insurance companies to generate a policy offer. According to Pula, the initiative has been so successful because in every African country they have worked in, there are insurance companies willing to support their initiative."
  • mehdi-ezzaoui on 13 Feb 21
     
    Insurtech is one of the fastest growing fintech sectors. Pula recently raised $6 million in a Series A fundraising and plans to expand its innovative business model to Asia soon.
mehdi-ezzaoui

Agricultural tech firm pula scoops end of year InsurTech award - Daily Monitor - 1 views

www.monitor.co.ug/...f-year-insurtech-award-3235552

PULA Service agri-tech

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • The company was recognized for successfully managing over 4.3 million smallholder farmers through their Area Risk Index and yield insurance product. It provides insurance services and digital solutions to farmers in Africa. The company uses the crop cut experiment as a claim assessment procedure. This assessment relies heavily on ground crop cuts and it’s fed on mobile apps which relay instant feedback to clients. 
  • mehdi-ezzaoui on 13 Feb 21
     
    Pula, a Kenyan leading agricultural technology company that develops and provides crops and livestock insurance last Friday scooped the continent's InsurTech company of the year award during the 6th annual African Insurance Awards held in Lagos, Nigeria.
mehdibella

FarmDrive LTD | F6S - 0 views

www.f6s.com/farmdriveltd

Fintech Farmdrive kenya

shared by mehdibella on 07 Feb 21 - No Cached
  • FarmDrive is a tech-driven social enterprise working at the intersection of technology, agriculture and finance. FarmDrive is improving the livelihoods of smallholder farmers in Africa by using new technology and alternative data to increase availability of capital; mitigating both financial and operational risks while creating shared value for other players in the value chain.
    • hibaerrai
      hibaerrai on 07 Feb 21
       
      FarmDrive gives the opportunity to smallholder farmers to extract loans and have access to different financial services to manage their small businesses.
  • FarmDrive understands smallholder farmers uniquely through dynamic datasets and translates this to financial institutions. More than 50 million smallholder farmers in Africa are struggling to make a living due to lack of capital to improve their farming activities.
  • FarmDrive has developed a platform that gathers data on smallholder farmers both from the ‘ground’ and ‘data from the sky’. FarmDrive uses sophisticated algorithms to turn that data into comprehensive credit profiles of “unbanked and underbanked” smallholders who have little access to credit.
    • mehdibella
      mehdibella on 13 Feb 21
       
      this solution is a catalyst to reduce the operational costs while increasing operational efficiencies. The platform allows them to do so by using modern technology, and an immense amount of data captured by the solution interfaces.
  • ...1 more annotation...
  • The solution is a catalyst to reduce the operational costs while increasing operational efficiencies. Whether credit providers are seeking to better minimize their credit risk exposure, digitize their loan application processes, or streamline their new client outreach, the FarmDrive platform allows them to do so by using world-class algorithms, modern technology, and an immense amount of data captured by the solution interfaces.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      FarmDrive solution presents a win-win situation for both financial and credit institutions and farmers; from mitigating risk to having access to financing and increasing performance and operational efficiency.
  • kenza_abdelhaq on 13 Feb 21
     
    "The solution is a catalyst to reduce the operational costs while increasing operational efficiencies. Whether credit providers are seeking to better minimize their credit risk exposure, digitize their loan application processes, or streamline their new client outreach, the FarmDrive platform allows them to do so by using world-class algorithms, modern technology, and an immense amount of data captured by the solution interfaces."
ayachehbouni

Kenya's Family Bank partners SimbaPay for WeChat transfers - 1 views

www.finextra.com/...-simbapay-for-wechat-transfers

shared by ayachehbouni on 13 Feb 21 - No Cached
  • Family Bank Limited, a leading bank in Kenya, has partnered with London-based financial technology firm SimbaPay to launch an instant money transfer service from Kenya to China through WeChat – a service that will help boost Kenya-China trade. Over seven million customers and businesses in Kenya will now access SimbaPay’s international money transfer service to send money to China’s WeChat Pay from Family Bank’s PesaPap mobile banking application and USSD service. Non-customers too will enjoy the service via a dedicated PayBill number 261059 on MPESA.
  • In addition to the China (WeChat) service, SimbaPay also supports money transfer to Kenya, Uganda, Tanzania, Rwanda, Burundi, Ghana, Nigeria, Madagascar, Niger and India. 
    • nourserghini
      nourserghini on 13 Feb 21
       
      This is interesting because Family bank partnered with Simbapay to offer the Wechat money transfer service to china. Besides this, Simbapay also transfers money to Kenya, Uganda, Tanzania, Rwanda, etc.
  • China is Kenya’s biggest trading partner. In 2017 alone, businesses in Kenya imported well over USD 4 billion worth of goods from China. The current existing solutions for sending money to China take multiple days to reach the recipient’s bank account, with some requiring the supplier to physically visit an agent to collect their money. This new service easily overcomes these barriers.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      I believe that, with this new service increasingly effective, Kenya's traders can replenish stocks more quickly and thus improve trade with the two countries
  • ...1 more annotation...
  • With over 1 billion subscribers, WeChat is the largest payment and social media app in China. This initiative therefore connects Africa’s largest mobile money ecosystem to China’s largest payment service in real-time.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      I believe that the service born from this partnership is very unique and attractive to customers of both platforms as it offers the sender a chance to review the transaction and exchange rate applicable before releasing the payment.
  • mehdi-ezzaoui on 13 Feb 21
     
    Partnership with wechat to send money to China's WeChat Pay from Family Bank's PesaPap mobile banking application and USSD service.
mehdi-ezzaoui

5 Marketing Trends That Are Impacting the Fintech Industry Right Now : KCDPR - 0 views

www.kcdpr.com/the-fintech-industry-right-now

Fintech strategies banking

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • 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.
  • mehdi-ezzaoui on 13 Feb 21
     
    marketing and fintech
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