Skip to main content

Home/ Spring 21 Capstone 640pm/ Group items tagged new-service

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
mohammed_ab

Fawry Microfinance considers borrowing from its existing shareholders | ZAWYA MENA Edition - 0 views

www.zawya.com/...ing_shareholders-SNG_195114305

Fawry Microfinance Fintech

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Fawry Microfinance, a subsidiary of the listed Fawry for Banking and Payment Technology Services, intends to borrow at least EGP 300 million from its existing shareholders, Enterprise cited Fawry CEO Ashraf Sabry on December 14th
  • Fawry’s subsidiary plans to expand its microfinance portfolio to EGP 500 million by the end of 2021, up from EGP 204 million until September 2020, the news portal added.“We have seen solid growth in 2020 and we see the potential of lending to small businesses to finance their working capital and purchases from suppliers,” Enterprise quoted Sabry as saying.
  • mohammed_ab on 13 Feb 21
     
    I think that Fawry is trying to penetrate more the market of microfinance which is the reason why she is planning to borrow money from its current shareholders. It's known that shareholders always invest in opportunities that will have returns. Taking into account that they have agreed to lend EGP 300 million, I'm sure that they saw great potential for the growth of Fawry microfinance.
kenza_abdelhaq

Spot Money taps into multibank contactless payment trend - 0 views

www.businesslive.co.za/...bank-contactless-payment-trend

SnapScan South Africa Payments expansion

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • The Spot mobile transactional account’s key differentiator is that it has no monthly account or card fees, all in-app purchases and payments are free and it issues virtual and physical Mastercard debit cards. It claims to be the first platform to support all quick response code payment types such as Masterpass, SnapScan,
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      The new open bank Spot mobile offers free services and issues virtual and physical carts that support code payment like SnapScan.
ghtazi

Belcash Launches E-commerce Platform - 0 views

addisfortune.news/h-launches-e-commerce-platform

Belcash App Platform

shared by ghtazi on 13 Feb 21 - No Cached
  • A Dutch company technology company developed an application that enables buyers to order, pay and receive a shipment. Belcash Technology Solutions Plc launched the e-commerce platform, HelloMarket shipments, with an estimated investment of one million dollars. The application, which was designed with the major aim of allowing local suppliers and manufacturers to promote and sell their products, will provide leather products, crafts, traditional clothing, souvenirs, homemade seasonings and other similar items manufactured by small and medium-sized enterprises. The e-commerce platform, integrated with Hellocash, a mobile and agent banking app for the purpose of making electronic payments, has a delivery system in place through Belcash agents around the country.
    • aminej
      aminej on 13 Feb 21
       
      Belcash Strategy aims to lead the Ethiopian E-commerce market by offering different services in their platform for users. They also facilitate access to so many different products that you can buy just through your phone. They also embraced Fintech by creating an application that is really innovative. They also plan to strengthen innovation by encouraging more people to be reactive in this sector of industry
  • Belcash successfully piloted the app for three months and officially launched it in July 2019. It has supplied 200 tablets to its agents. Thus far, 50 small and medium enterprises have signed up and placed their products on the HelloMarket platform.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      In spite of the many challenges in the sector, such as the lack of a legal framework for e-commerce, Belcash designed a payment system and agents across the country.
  • Belcash successfully piloted the app for three months and officially launched it in July 2019. It has supplied 200 tablets to its agents. Thus far, 50 small and medium enterprises have signed up and placed their products on the HelloMarket platform.
    • ghtazi
      ghtazi on 13 Feb 21
       
      when the app was launched officially in July 2019, the app supplied about 200 tablets to its agents. which means that about 50 small and medium firms have signed up their products on the platfrom.
tahaemsd

WorldCover gains $6m fund to offer climate insurance in emerging markets - 0 views

www.lifeinsuranceinternational.com/...worldcover-climate-insurance

FinTech Africa Service modernization climate change

shared by tahaemsd on 13 Feb 21 - No Cached
  • WorldCover CEO and co-founder Christopher Sheehan told Business Ghana: “WorldCover has uniquely combined technological advances and developed a solution that allows us to support smallholder farmers caught in conditions that are worsening due to climate change.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Worldcover intends to invest proceeds to ofer coverage in additional emerging markets
mehdi-ezzaoui

Lending Marketplace Lendio Provides $500,000 in Microloans to Women Owned Businesses in... - 1 views

www.crowdfundinsider.com/...businesses-in-kiva-parntership

KIVA Fintech Partnership

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • Kiva is a non-profit lending platform well known for its microloan service targeted underserved markets globally. Lendio states that the program has now provided over $500,000 in microloans to business owners worldwide, 98% of whom are female. Lendio first launched the program in 2016. The company describes the program as part of its commitment to entrepreneurship and inclusivity. Lendio provides a microloan to a low-income entrepreneur for every new loan facilitated on its marketplace platform. This voluntary employee-contributed, employer-matched program reports a 94% participation rate among Lendio employees.
  • mehdi-ezzaoui on 13 Feb 21
     
    The importance of Kiva of empowering those business owners and knowing we're helping them keep their passion with offering microloans
kenza_abdelhaq

Robo-Advisor and its key benefits in Fintech | Top TechCEO's - 1 views

www.tech-ceos.com/nd-its-key-benefits-in-fintech

Robo-Advising Benefits Fintech Strategy

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Financial planning is the backbone for every type of business to operate efficiently with achieve targeted objective. A single mistake in the financial records or planning can drag the growth of an organization to zero. As a solution, Robo-Advisors serve a digital platform with automated functions backed up with algorithm-driven financial planning services. This digital platform allow to automate the procedure with least or can be said no human supervision. A question might be nudging your mind, “How a digital platform can be able to plan financial operations?” It is a worth question that must be answered before using such a high tech platform.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Since EasyEquities is all about investing, it needs to be very secure. Robo-advisors offer a digital platform where all the data is stored . They are a must have because a single, minor mistake from a human being could put the company at great risk.
  • Investing is a boon for an organization or an individual, but hardly people have any idea about investment. So, when they plan to invest their money for a better ROI, the very first solution hit their mind is wealth advisory team. But it makes their work more tedious by adding an interaction with a team and spending team for it. Robo-Advisor has brought a revolution in the finance sector with a new approach of automation. It is a digital assistant that work on various algorithms to manage financial portfolio of clients. It gives an enhanced and secure experience. This is possible with the help of machine learning and artificial intelligence. These tools are no longer confined till chat-bots; rather it has grown in the field of fintech too with a number of finance management aspects, such as automating loan process, data management, wealth management, voice assistance, customized finance advisory, and many more.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt confirms the need for Robo-advising in fintech start-ups. Robo-advising appears to be a revolution in the financial sector which replaces the regular wealth advisory team that traditional investors are accustomed to. Robo-advising is also cheap and thus could interest our eligible companies.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Easy Equities company can benefit from the incorporation of roboadvisors in their platform to enhance their customer's experience and further facilitate the investment process.
nourserghini

SimbaPay to make Kenya to China money transfers easier | FXcompared.com - 0 views

www.fxcompared.com/...a-china-money-transfers-easier

Simbapay Services Remittance Customers

shared by nourserghini on 13 Feb 21 - No Cached
  • More than seven million Kenyan customers and businesses can now transfer money internationally through SimbaPay Family Bank, a leading financial institution in Kenya, has partnered with SimbaPay so that its customers can make instant money transfers to China
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article states that seven million clients in Kenya use Simbapay to internationally transfer money, which is an important number of customers.
mehdi-ezzaoui

EasyEquities turns profitable for Purple Group | Company News - 0 views

www.inceconnect.co.za/...ns-profitable-for-purple-group

Easyequities Africa Service Fintech

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • The online equity investment platform has reached a tipping point, with more than 150-thousand active users. Purple Group has reported a strong rise in first-half earnings as its EasyEquities online investment and trading platform reached tipping point. The fintech group owns 70% of EasyEquities and Sanlam Investments holds the remaining 30%.
    • aminej
      aminej on 13 Feb 21
       
      EasyEquities has been doing very well lately with an increase of active users, profit and platform assets. Even though the COVID crisis will affect them since a lot of people will lose their job, homes etc..many won't be able to invest anymore but still during any crisis there is place for opportunity.
  • The next six months will, no doubt, prove to be unpredictable. In many ways perhaps some of the toughest months experienced in the investment world in decades lie ahead with the world economy in unchartered waters," Purple Group said. "But that suits us just fine. Firm in the knowledge that we simply must, every minute of every day, be there for our partners and clients on their financial journey."
    • aminej
      aminej on 13 Feb 21
       
      This is the positive mindset that should be kept during crisis. Not only EasyEquities will suffer in this period but many other Fintechs. As we have seen many companies went banckrupt because of the crisis but I really hope EasyEquities will make it because they have been doing great work in Africa and worldwide
  • EasyEquities grew revenue by 140% to R28.6 million in the six months to end-February as the number of funded retail investment accounts more than doubled to 199,491. The platform generated a R76,000 profit for the period from a R12.4 million loss previously. Platform assets quadrupled to R15.8 billion.
  • mehdi-ezzaoui on 13 Feb 21
     
    easy equities make profits and grew revenue to become one the most profitable fintech
kenza_abdelhaq

Cloud Computing and its impact on Fintech Companies - Fintech Finance - 0 views

fintechf.com/...ts-impact-on-fintech-companies

Fintech Strategy Cloud Computing Finance

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • The banks and financial institutions are happy to use the advantages of secure storage, interoperability, scalability, and 24/7 uptime without heavy investments. This also means that scaling your business to higher user demand is much easier due to the fact that it only takes upgrading the data package that the company is contracted to use. No need to hire, train, and re-train any employees.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Cloud computing is offering a lot of advantages related to scalability, storage, speed, and efficiency with really low costs which allows banks to have access to these technologies to enhance their financial services and products.
mohammed_ab

How Can FinTech Companies Gain Agility by Setting a Cloud Strategy - The PNR - 0 views

thepnr.com/ud-strategy-financial-industry

Fintech Strategy Cloud Computing M-Pesa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Cloud computing allows financial institutions to optimize IT resources and remove development constraints based on IT’s capacity to deliver (Cofran, 2011, p. 1). Financial institutions can respond faster to needs of customers by reducing development cycles for new products and scale products as needed because of the flexibility of the cloud (Sriram, 2011, p. 4). Furthermore, cloud computing helps financial institutions standardize applications and infrastructures which simplify the overall enterprise architecture. According to Courbe (2013), having a common infrastructure already in place worldwide enables a system to serve customers more efficiently and effectively globally.
  • mohammed_ab on 13 Feb 21
     
    Cloud computing has a lot of benefits on financial services. M-Pesa which is a fintech that offers mobile payment solutions to the unbanked population could really benefit from cloud computing. By using cloud computing, M-Pesa could improve its system reliability as it allows you to have higher data protection and recovery. It will also allow M-Pesa to optimize its IT infrastructure.
nourserghini

Financial Technology - FintechDefinition - 0 views

www.investopedia.com/...fintech.asp

Fintech Technology Machine learning

shared by nourserghini on 13 Feb 21 - No Cached
  • New technologies, like machine learning/artificial intelligence, predictive behavioral analytics, and data-driven marketing, will take the guesswork and habit out of financial decisions. "Learning" apps will not only learn the habits of users, often hidden to themselves, but will engage users in learning games to make their automatic, unconscious spending and saving decisions better. Fintech is also a keen adaptor of automated customer service technology, utilizing chatbots to and AI interfaces to assist customers with basic task and also keep down staffing costs. Fintech is also being leveraged to fight fraud by leveraging information about payment history to flag transactions that are outside the norm.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Machine learning and artificial intelligence should be implemented in fintechs' platforms.
samielbaqqali

EBRD helps regional Fintech champion TPAY MOBILE expand in Turkey - 0 views

www.ebrd.com/...y-mobile-expand-in-turkey.html

Card-based transactions Bills Coronavirus

shared by samielbaqqali on 11 Feb 21 - No Cached
  • An alternative to bank card-based transactions, direct carrier and direct wallet billing offered by TPAY MOBILE allows users to make purchases by charging payments to their mobile phone carrier bills or pre-paid airtime balance, as well as wallet stored value. Such cashless payments have become even more popular with the onset of the coronavirus pandemic as consumers increase their digital spending while facing restrictions on leaving their homes.
  • samielbaqqali on 11 Feb 21
     
    This services has always been beneficial for the users, but in the coronavirus pandemic, it has become more popular and more used and also internationally helped the brand's name.
samielbaqqali

Fintech start-up Jumo bags $17m from UK investor, Banking News & Top Stories - The Stra... - 0 views

www.straitstimes.com/...jumo-bags-17m-from-uk-investor

Banks Credit score Security

shared by samielbaqqali on 11 Feb 21 - No Cached
  • Jumo manages a platform that provides financial services, such as loans and savings products, from partner banks to individuals and small businesses in emerging markets via mobile phones.
  • A potential borrower's credit risk profile is generated from behavioural data gathered through mobile networks. This helps banks that do not have data on these people to determine a credit score.
    • samielbaqqali
      samielbaqqali on 11 Feb 21
       
      This is a very sophisticated way in order to ensure secruity for banks.
hichamachir

Former Kiva.org CEO Brings New App, a 'Branchless Bank' to Kenya - WSJ - 0 views

www.wsj.com/...BL-VCDB-16975

Kiva Loans Africa

shared by hichamachir on 12 Feb 21 - No Cached
  • The former chief executive and co-founder of nonprofit lending platform Kiva.org, Matt Flannery, on Wednesday revealed his latest initiative Branch International Inc., which he calls “a mobile-based microfinance institution for the world.” Branch raised $1.4 million in equity seed funding from Formation 8 and the Khosla Impact Fund. In many ways, Branch operates like a bank in the cloud, one that is accessible not through local “branch” offices, but through a user’s smartphone. It provides small amounts of credit--up to $20--to Android users in Africa, specifically Kenya today, but doesn’t take deposits.
    • hichamachir
      hichamachir on 12 Feb 21
       
      Kiva is a problem solving company! It's a brilliant business that contributed on making loans easy. I think that this company has great future because the crowdfunding services in Africa are yet to improve.
hindelquarrouti

Zewdu analysis full thesis after.pdf - 1 views

197.156.93.91/...is%20full%20thesis%20after.pdf

belcash Fintechs HelloCash2015

shared by hindelquarrouti on 11 Feb 21 - No Cached
  • hindelquarrouti on 12 Feb 21
     
    Thanks to a partnership with Lion International, Belcash introduced a new cheaper alternative to traditional branch-based banking for the agent banking services that are installed because of the use of Hello cash.
kenza_abdelhaq

Hello Paisa steps into conversational commerce: WhatsApp Business - 0 views

www.cm.com/...the-whatsapp-business-solution

HelloPaisa South Africa Remittance Partnership

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Hello Paisa’s solution to the problem is its easy-to-use money remittance app that enables customers to send cash to countries across the world in a manner that is affordable, fast and safe. With the Hello Paisa app, all you need is an active account and your mobile phone to easily create a transaction and send money home instantly.The high cost of data, however, remains a factor that prevents many customers from accessing the app.The solution: WhatsApp Business API. By using the WhatsApp Business solution, Hello Paisa customers can now initiate transactions via WhatsApp, thus taking a ground-breaking step into conversational commerce!From the comfort of an already utilised platform, Hello Paisa customers can now conveniently, easily and cost-effectively initiate transactions, obtain exchange rates, view transaction history, create or delete a recipient, and refer a friend.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      To enhance customers' experience, HelloPaisa incorporated WhatsApp Business API solution to its already existing application. New services and functionalities have therefore been made available to the platform's customers.
aminej

Egyptian stock trading platform Thndr receives brokerage license | Enterprise - 0 views

enterprise.press/...ceives-brokerage-license-20590

Egypt License Trading Platform Service Fintech Mobile

shared by aminej on 13 Feb 21 - No Cached
  • STARTUP WATCH- Cairo-based investment platform Thndr was awarded Egypt’s first new brokerage license since 2008, according to a company statement (pdf). The mobile-first equities trading platform offers three zero-commission plans, including one unpaid scheme and two plans priced at EGP 15 and EGP 55 per month. Thndr secured a pre-seed funding round last December from Y-Combinator, 4DX Ventures, Endure Capital, the Raba Partnership, and MSA Capital, Co-founder and CEO Ahmad Hammouda (Uber Egypt’s former general manager) said, without disclosing the size of investment.
    • aminej
      aminej on 13 Feb 21
       
      It's good to see that these Fintechs are actually licensed by brokerage firms which shows that they are well regualted by other official platforms
samielbaqqali

MTN Group | World Economic Forum - 1 views

www.weforum.org/...mtn-group

MTN Fintech Africa

shared by samielbaqqali on 12 Feb 21 - No Cached
  • MTN has 232 million mobile subscribers and 20 million mobile money subscribers throughout operations in Afghanistan, Benin, Botswana, Cameroon, Côte d’Ivoire, Cyprus, Ghana, Guinea Bissau, the Republic of Guinea, Iran, Liberia, Nigeria, the Republic of Congo (Congo-Brazzaville), Rwanda, South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. MTN’s vision is to lead the delivery of a bold new digital world by building a best-in-class experience for customers.
  • Founded in 1994, the MTN Group is a pan-African mobile and telecommunications operator.
  • MTN is headquartered in Johannesburg, South Africa, and listed on the JSE Securities Exchange under share code MTN.
  • ...1 more annotation...
  • MTN is headquartered in Johannesburg, South Africa, and listed on the JSE Securities Exchange under share code MTN.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      The performance of MTN indicates that individuals believe in digitalization. People have recognized that the planet is heading towards a digital future and want to get acquainted with the latest technology, and MTN is a perfect example of that.
  • hichamachir on 12 Feb 21
     
    MTN success shows that people do believe in digitalization. People did accept that the world is heading towards a digitalized future and want to get familiar with the newest technologies and MTN is a great example of that.
  • hindelquarrouti on 13 Feb 21
     
    MTN is a telecommunications operator that was founded in 1994, which was successful as I believe it has predicted that fintech is the future of financial services
kenza_abdelhaq

Safaricom is Testing a Standalone M-PESA App - 0 views

techweez.com/...new-mpesa-app-safaricom

M-Pesa Kenya Payments Service

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Safaricom appears to be developing an M-PESA app following the publication of a similarly named app in Google Play Store. The app, which has been downloaded more than 10K times, is anything but what you already seen in the current mySafaricom app.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      The development of M-Pesa application by Safaricom.
tahaemsd

The Purposeful For-Profits, Brooks Gibbins - 0 views

news.fintech.io/...the-purposeful-for-profits

FinTech Africa Service modernization climate change

shared by tahaemsd on 13 Feb 21 - No Cached
  • WorldCover, is a for-profit company that aspires to provide the 90% of smallholder famers around the world with access to crop insurance.  In countries like Ghana, there is no social safety net.  Every farmer is one natural disaster away from ruin.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Worldcover provides a transformative safety net using satellites to monitor the rainfall and trigger payouts automatically
« First ‹ Previous 201 - 220 of 233 Next ›
Showing 20▼ items per page