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ghtazi

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

  • AgroCenta has raised a total of $2.2M in funding over 4 rounds. Their latest funding was raised on Jan 29, 2021 from a Seed round.AgroCenta is funded by 6 investors. Foreign & Commonwealth Office - UK and AV Ventures are the most recent investors.
    • tahaemsd
       
      Funding of AGROCENTA
  • AgroCenta has raised a total of $2.2M in funding over 4 rounds. Their latest funding was raised on Jan 29, 2021 from a Seed round.
    • sawsanenn
       
      This excerpt shows the effective work of agrocenta, and how their revenues expended over four rounds
  • AgroCenta has raised a total of $2.2M in funding over 4 rounds. Their latest funding was raised on Jan 29, 2021 from a Seed round.AgroCenta is funded by 6 investors. Foreign & Commonwealth Office - UK and AV Ventures are the most recent investors.
    • ghtazi
       
      AgroCenta raised a total of 2.2 millions USD in funding over 4 rounds. the latest one was raised in january 29th, 2021 from a seed round. we can see that the company has founded 6 investors. the most recent ones are Foreign & Commonwealth Office- Uk and AV Ventures.
tahaemsd

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

  • <ul>FundingFawry has raised a total of $122M in funding over 4 rounds. Their latest funding was raised on Jul 1, 2019 from a Private Equity round.Fawry is registered under the ticker EGX:FWRY .Fawry is funded by 5 investors. responsAbility&nbsp;and&nbsp;Egyptian-American Enterprise Fund are the most recent investors.Fawry has made 2 investments. Their most recent investment was on Feb 16, 2020, when Bosta raised <list-m</ul>
    • tahaemsd
       
      Investments and funding of Fawry
mbellakbail69

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

  • MoneyFellows has raised a total of $5.6M in funding over 5 rounds. Their latest funding was raised on Jun 22, 2020 from a Series A round.MoneyFellows is funded by 8 investors. Sawari Ventures&nbsp;and&nbsp;Partech are the most recent investors.
    • mbellakbail69
       
      MoneyFellows has raised a total of $5.6M in funding over 5 rounds. Their latest funding was raised on Jun 22, 2020 from a Series A round.
nouhaila_zaki

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

  • 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&nbsp;and&nbsp;LeapFrog Investments are the most recent investors.
    • nouhaila_zaki
       
      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.
kenza_abdelhaq

TPAY Mobile - Funding, Financials, Valuation & Investors - 0 views

  • TPAY Mobile has acquired 2 organizations. Their most recent acquisition was Payguru on Jun 10, 2020.
  •  
    "TPAY Mobile has acquired 2 organizations. Their most recent acquisition was Payguru on Jun 10, 2020. "
mohammed_ab

Creating a Strategy for the New FinTech Ecosystem - Belatrix Software - 0 views

  • 1. Millennials squared – a parable of a digital wallet and beer moneyEarlier this year Sam Crowder stood up at a televised baseball game, and held a sign asking his Mum to send him “beer money”. He included his Venmo account information. Thousands of people sent him money, as his sign went viral. Beyond sharing this story as advice in case you ́re ever thirsty and leave your wallet at home, what it reflects is how the use of new technologies may start with digital natives, but then rapidly spread to other generations. It reflects the inter-generational adoption of, and use of, FinTech technologies.So, when looking at the potential of new services, it is important not just to consider the young people who will adopt it. But what will happen when they introduce the technology to their friends and family. Millennials are the earthquake that shakes companies, and adopt new tech and services at lightning speed. The rest of us are the tsunami of adoption that follows and lead to exponential growth.
  • 2. Facebook, Amazon, Google or Ant Financial will become the largest retail bank in the worldIt’s 2020 and to apply for a loan, instead of going to your local bank branch, you quickly ask Facebook for approval. This is far from fanciful thinking. Even as of today, PayPal is arguably one of the largest retail banks — it has more money in deposits than all but the largest 20 US banks, and offers services from payments, to loans and credit cards (albeit currently via partners). But we believe that one of the major tech companies, whether that is Facebook, Amazon, Google, or Ant Financial (the financial arm of Alibaba) will not only transform retail banking, but rapidly become the largest retail bank in the world.“Some bankers and analyststhink that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more, I think banks that are not prepared for such new competitors face certain death”Francisco González, CEO, BBVA
  • hese major tech companies have the platform and the scale to upend retail banking. They already have a digital wallet which underlies the services that enable users to buy and sell on their platforms, such as Google Wallet and Amazon Payments. Facebook Messenger Pay is already available in the US while it recently received an e-money license from the Central Bank of Ireland. This means European users will be able to store and transfer money, and make online purchases. The transition to becoming the largest retail bank in the world will be swift and brutal for traditional banks.
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  • 3. Regulators finally make the pivot to supporting the FinTech ecosystemBitX, a bitcoin startup in Singapore, was looking to enter the UK and European markets. Instead of having an arduous journey gaining the required licenses and approvals as it would have expected in the past, BitX was accepted into the regulatory sandbox of the UK’s Financial Conduct Authority. This enabled it to test its services and build its product with the backing of the regulator. This kind of thinking reflects how in the past few years we have seen regulators move from hindering innovation and new services, to proactively supporting and strengthening the FinTech ecosystem.It is a challenging line to take, particularly in the
  • world of finance – to help create the framework and environment for innovation, while also protecting consumers and businesses. However, increasingly we see regulators getting this blend right.For example, the European Union’s Directive on Payment Services (PSD2) will create an EU-wide single market for payments. This will drive new opportunities and innovation in the payment sector, because it will force financial institutions to provide secure access for a third-party service provider to a customer’s online account. Meanwhile, we have seen regulatory sandboxes emerge not just in the UK, but in locations from Singapore to Australia. The US Treasury meanwhile recently announced it will start issuing special purpose national bank charters to FinTech companies.In the future, expect to see the emergence of “RegTech”. This will enable real-time interaction and analysis between regulators and financial institutions. Indeed, thi
  • ch as in New York, London or Singapore. So, although the UK dominates the world of fintech (generating an estimated £6.6billion in FinTech related revenue), leading organizations are looking for inspiration among the innovative services, products and ideas being created from Guadalajara, to Laos, to Kenya.In many cases we can see that the unique financial environment of these locations is resulting in novel ideas. For example, Guadalajara based start-up Kueski uses a person’s digital footprint to assess their credit worthiness – a particular challenge in Mexico where credit is not available to large swathes of the population. In Latin America Tigo Cash is a mobile financial service which already handles more cash than many financial institutions in the region. We will see markets and services emerging which are currently not on anyone’s map, and become some of the most important financial organizations in the world.
    • samiatazi
       
      this article points out 4 expectations for the fate of FinTech and Financial services. However, I think that the most interesting one is the last one which states that The effect of FinTech advancement is frequently made and experienced outside the usual Hub of Finance, for example, New York, London or Singapore. Giant Companies are searching for inspiration among innovative and creative products, items and thoughts being made from Guadalajara, to Laos, to Kenya. I really like this part too, stating that We will see markets and administrations arising which are as of now not on anybody's guide, and become the absolute most significant Fintechs on the planet.
  • software platform between itself and the banks, so it can view and analyze information in real-time.4. Look beyond the hubs to find innovative ideasAcross Kenya, mobile money has become ubiquitous – being used by at least one person in 96% of Kenyan households. But what is the real impact of mobile money in such countries? One study estimated that M-PESA, the Kenyan mobile money system which enables money to be stored on a phone and be sent via text, has helped lift 2% of Kenyan households out of poverty.What this example demonstrates is that the impact of FinTech innovation is often created and experienced outside of the usual hubs of finance su
  • In the past few years we have seen the rapid evolution of FinTech from generating novel ideas which solve customer problems, to offering core financial services. We have seen the shift from digital startups, characterized by a lack of financial wherewithal and which operated on the edge of tightly regulated markets, to the emergence of mature financial digital organizations at the heart of the traditional financial world.We can describe the development and maturing of FinTech in 3 main waves:The early emergence of digital startups helping consumers. Originally FinTech solutions were the preserve of B2C markets which solved specific customer problems such as offering home loans faster and easier. They used new technologies such as mobile and cloud computing, and were characterized by a laser focus on the customer with all the hall-marks of a digital Silicon-Valley style start-up.Transition to B2B markets. Today FinTech plays a role at the core of B2B innovation in financial markets, and industry observers widely expect B2B FinTech revenues to dwarf those in consumer markets within the next couple of years. Organizations such as Currency Cloud (cross border B2B payments), Payoneer Escrow (escrow services), and Hummingbill (B2B invoice platform) all reflect a maturing industry.The creation of an ecosystem between FinTech and traditional players. FinTech organizations are realizing that the required go-to-market investment, economies of scale, and regulatory needs, means it makes sense to partner with traditional financial institutions. On the other side, established players recognize the value, innovation and potential of FinTech in a world which is increasingly mobile-first. These financial institutions are also adopting many of the methods that FinTechs use so successfully, from a focus on the customer, to using Agile software development, to holding hackathons, and forming accelerators and innovation programs.
    • sawsanenn
       
      This excerpt is important because it shows the three waves that each fintech companies go through. Currently, most companies are still in b2b markets which an new innovative role in the financial markets; howver, not all companies are doing the same thing. Some of them still need a real bank ( Not virtual) to make transactions and don't trust softwares.
  • ch as in New York, London or Singapore. So, although the UK dominates the world of fintech (generating an estimated £6.6billion in FinTech related revenue), leading organizations are looking for inspiration among the innovative services, products and ideas being created from Guadalajara, to Laos, to Kenya.In many cases we can see that the unique financial environment of these locations is resulting in novel ideas. For example, Guadalajara based start-up Kueski uses a person’s digital footprint to assess their credit worthiness – a particular challenge in Mexico where credit is not available to large swathes of the population. In Latin America Tigo Cash is a mobile financial service which already handles more cash than many financial institutions in the region. We will see markets and services emerging which are currently not on anyone’s map, and become some of the most important financial organizations in the world.
    • ghtazi
       
      What this example shows is that beyond the usual finance hubs, such as in New York, London, or Singapore, the influence of FinTech innovation is also generated and experienced.
  • It’s 2020 and to apply for a loan, instead of going to your local bank branch, you quickly ask Facebook for approval. This is far from fanciful thinking. Even as of today, PayPal is arguably one of the largest retail banks — it has more money in deposits than all but the largest 20 US banks, and offers services from payments, to loans and credit cards (albeit currently via partners). But we believe that one of the major tech companies, whether that is Facebook, Amazon, Google, or Ant Financial (the financial arm of Alibaba) will not only transform retail banking, but rapidly become the largest retail bank in the world.
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    This article explains how the big e-commerce giant Amazon and the dominant social media platforms will become the largest retail banks in the future. I think that M-Pesa could benefit from strategic alliances or partnerships with these big giants.
samiatazi

Alliances: a win-win strategy - KPMG Global - 0 views

  • The financial services industry today is characterized by change. Investor interest and capital is pouring into fintech companies – digital banks, insurtechs, wealthtechs, proptechs and every option in between are shifting how financial services are created, offered and evaluated.&nbsp;New changes, new challengesThis shift has spurred many traditional financial institutions to take action. Yet, changes aren’t always straightforward. Financial institutions know they need to embrace innovation, and they also have to find better ways to understand and respond to their customers.At the same time, the shift has put a spotlight on a new area of opportunity for big tech companies like Alibaba, Apple, Google, Tencent and others. These companies have incredible reach, deep roots into their customers’ lives, and robust customer data. Big techs are also constantly looking for ways to provide their customers with more value, to enhance customer loyalty by providing a more integrated ecosystem. Most already offer payments solutions, so extending their offerings to include financial products makes sense. However, there are no strong indicators that the big tech companies want to become banks. The regulatory burden is so far considered too high for their appetite1.&nbsp;Forging strategic alliancesBig tech and financial institutions are already investing in fintechs to help advance their strategic goals. For example, Tencent led a $35 million investment in open banking focused TrueLayer in the UK this year2.What they are realizing that partnerships don’t have to be limited to start-ups – working together with established institutions can create value. Over the past 6 months, there have been a number of strategic business relationships announced, such as Google’s partnership with Citibank and Stanford Federal Credit Union, to offer smart checking accounts3 and Apple’s announcement of a partnership with Goldman Sachs to offer the Apple Card credit card4. These will likely only be the beginning.&nbsp;
    • samiatazi
       
      Financial backer interest and capital is filling fintech organizations. Enormous tech organizations like Alibaba, Apple, Google, Tencent and others are searching for approaches to work with banks. The administrative weight is so far considered to be excessively high for these organizations to become banks. Google and Apple have reported vital business associations with banks in the previous a half year. The organizations are understanding that associations don't need to be restricted to new businesses and start-ups, yet cooperating with established organizations can be beneficial as well. The shift has put a focus on large tech organizations, for example, Alibaba and Apple.
mehdibella

AgroCenta: Digital food distribution platform creating shared value for businesses and ... - 2 views

  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics. LendIt, our financial inclusion platform enables farmers access digital services such mobile money payments for commodities sold, micro-lending/input financing, crop insurance and pension scheme for the informal sector.
    • nouhaila_zaki
       
      This excerpt is important because it highlights how AgroCenta solves two persistent problems in the Ghanian agricultural value chain. First, agricultural supply chain management is ensured through the Cropchain platform. Second, the financial inclusion mission of the company is ensured by the LendIt platform.
  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics. LendIt, our financial inclusion platform enables farmers access digital services such mobile money payments for commodities sold, micro-lending/input financing, crop insurance and pension scheme for the informal sector.
    • aminej
       
      This article shows that AgroCenta is built around an online trading platform which connects smallholder farmers to a larger structured market. It was founded by two ex-esoko employees Francis Obirikorang and Michael K. Ocansey in 2015. It is located in Ghana and more precisely in the capital which is Accra. The service is used through a smartphone so the main target customer here will be small holder farmers who have a phone.
  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities. 2 Facilitating trade deals on behalf of Smallholder farmers. Agents deal with buyers who wish to purchase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily. 3 Gathering market information and statistical data. Agents are assigned to major trading markets across the country to collate data on market pricing for various commodities. This information is relayed to smallholder farmers via Voice technologies in languages they read and understand.
    • sawsanenn
       
      This excerpt is important because it shows how Agrocenta's agents help smallholder farmers, what are the responsibilities they have towards their customers. Plus, it encourage other farmers to join the digitalization world to improve their businesses.
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  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities. 2 Facilitating trade deals on behalf of Smallholder farmers. Agents deal with buyers who wish to purchase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily. 3 Gathering market information and statistical data. Agents are assigned to major trading markets across the country to collate data on market pricing for various commodities. This information is relayed to smallholder farmers via Voice technologies in languages they read and understand.
    • sawsanenn
       
      This excerpt is important because it shows how the Agrocent'as agents help the smallholders' farmers access different financial services, plus it encourages the other farmers to join the digitalization world and develop their businesses
  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics.
    • mehdibella
       
      this section shows how much Agrocenta is dealing with its supply chain management to allow farmers benefit from different schemes
  • AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities.
    • mehdibella
       
      AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
  • ase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily.
  • AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
    • ghtazi
       
      this part is important because we can see how devoted and dedicated is agrocenta when it comes to choosing their team
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    Some of the advantages that will come with this platform are reducing unemployment and connecting between the lower social class and the high social class in order to develop relations and improve their services. Farmers will gain more profit since it will become more regulated and distribution facilities will be smoother between the two
mehdibella

Why this Nigerian fintech startup is volunteering audited financials | TechCrunch - 0 views

  • Nigerian fintech firm Carbon — an early-stage financial services startup based in Lagos — has posted on its website financials audited by KPMG.This comes four months after the company obtained a credit rating as a pre-IPO venture. Carbon — which recently rebranded its OneFi holding company and PayLater product titles into one name — plans to continue releasing its financial results on an annual basis, co-founder and CEO Chijioke Dozie told TechCrunch.This may not be totally unheard of in other global tech markets, but for startups in Africa’s big tech hubs — such as Nigeria — it’s a rarity.One of the first glimpses into startup financials in Nigeria came when Jumia shareholder Rocket Internet went public in 2014, which required it to include limited Jumia data in its annual report. The accompanying prospectus to Jumia’s listing this year on the New York Stock Exchange offered the most expansive financial data to date on a tech venture operating in Africa.Prior to this — and still for the most part — companies in the continent’s (mostly) pre-public (earlier-stage) startup hubs — such as Nigeria — provide little to no financial performance info.“Typically, in the local market, we have not seen a lot of voluntary transparency or the availability of data,” said Lexi Novitske — a Lagos-based VC investor at Acuity Venture Partners.“Most startups are concerned such disclosure could expose losses, give market intel to competitors or attract unwanted attention from regulators. It could also lead to negative negotiation leverage if partners saw that they were making good returns.”So why’d Carbon go to the trouble of putting its pre-public accounting out in the open for anyone to see?
  • Clients and recruiting were two reasons. “From a customer perspective, we are trying to get people to trust us with their financial services…so they can see this is the institution I’m dealing with and this is their financial position,” explained Carbon’s Dozie.Carbon has evolved from its original focus as an online lender to offer a broader array of mobile-based financial services — including payments, investment products, credit reports and business banking services. In March, the company acquired Nigerian payment solutions company Amplify for an undisclosed amount.By stats offered by Briter Bridges and a 2018 WeeTracker survey, fintech now receives the bulk of VC capital and deal-flow to African startups, many of which are attempting to reach the continent’s large unbanked and underbanked populations.Carbon fits into that category and its CEO believes being upfront about the startup’s financial position will attract top talent. “From a recruitment perspective, we want recruits to know we have good prospects — that this is a company that’s doing well and wants to keep doing well,” said Dozie.That impression is buoyed by Carbon’s initial results, which were fairly positive for a Series A-stage startup. The company had revenues in 2018 of $10 million, according to its online annual report, and turned a profit of around $500,000.It’s helped with recruiting interest, according to Dozie, who said he’d marked an increase in candidates inquiring about open positions since the results were posted.
    • samiatazi
       
      the main leypoints of this article: Nigerian fintech firm Carbon posts financials evaluated by KPMG. Carbon as of late rebranded its OneFi holding organization and PayLater item titles into one name. The organization had incomes in 2018 of $10 million, as indicated by its online yearly report.
  • we don’t get considered because investors don’t really think that you can get the results or this performance in the markets that we’re in,” he added — noting that Carbon has operations in Nigeria, Ghana and South Africa and is considering expansion in Senegal, Côte d’Ivoire, DRC and Egypt.Investor Lexi Novitske thinks Carbon offering financial performance data is a good thing for Africa’s tech ecosystem. “The move builds trust from clients, partners or investors in a market where there is not a lot of openness,” she said. “I am encouraged to see how other companies will react. My hope is that more will openly report their own metrics…”Dozie says the company will continue to post audited financials on an annual basis, even if they show losses. If the startup continues to expand, attract capital and talent and grow revenues, other Nigerian fintech firms may follow suit.
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  • Why this Nigerian fintech startup is volunteering audited financials
  • Clients and recruiting were two reasons. “From a customer perspective, we are trying to get people to trust us with their financial services…so they can see this is the institution I’m dealing with and this is their financial position,” explained Carbon’s Dozie.
  • Carbon has evolved from its original focus as an online lender to offer a broader array of mobile-based financial services — including payments, investment products, credit reports and business banking services. In March, the company acquired Nigerian payment solutions company Amplify for an undisclosed amount.
kaoutarchennoufi

SmartelMoney | Products & Services - 0 views

  • Smartel Money customer base comprises banked and unbanked people and societies, insurance, retail grocery, retail clothing, retail cell phone services, utility services etc. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world.
    • sawsanenn
       
      the benefits of using the application include; that business people will get new customers and widens the reach of their market base as it will be very easy to pay or receive cash conveniently.
  • Are acronyms for the Smartel Money Point of sales system and the Smartel Money Mobile point of sales systems respectively. These are the application systemsthat have access an access to the Smartel Money central engine. The sPOS runs on the normal desktop or a laptop computer, This system is connected to the Smartel Money central system, this system is used by the stationery merchants such as the grocers and has the capacity to parse smartel money as a payment instrument. The merchant may also chose to have the ERP linked to their sPOS. The smPOS is meant for the non-stationery merchant, as it runs on a mobile platform that is the iOS and android OS. Both the sPOS and the smPOS can use the CPEM and the security code scanning/tagging parsing technologies.
    • aminej
       
      They also thought about everything when it comes to safety measures since it is very important to comfort people that their money are in safe hands. Indeed, these measures are important to take in order to avoid a leak of information which could cause many issues to the Fintech
  • Smartel Money customer base comprises banked and unbanked people and societies, insurance, retail grocery, retail clothing, retail cell phone services, utility services etc. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world.
    • kaoutarchennoufi
       
      Another added value of Smartelmoney , is that it has a wide customer base including banked and unbanked people in addition to other organizations. I believe that this large customer will gives the organization a better chance of reaching out to more people and expanding the base. Loyal customers are always effective in spreading a good word of mouth which will eventually attract more customers.
  •  
    It will also help them to improve their brand image as they will be able to market their businesses by advising clients with the easy way of paying and receiving money..
mehdibella

Lipa na M-PESA, Lipa na M-PESA Charges, Lipa na M-PESA Rates - Safaricom - 0 views

  • Loosely translated to ‘Pay with M-PESA’ (mobile money service). The service has two components, Paybill and Buy goods. Pay Bill is for remote payments and the customer does not have to be present whilst paying.&nbsp; The customer has an official relationship with the organization to whom they are making payment and has an “account number” that helps identify the user. The customer inputs a business number (paybill number) for the entity they are paying. Buy goods and services is mostly for retail purchase of goods and services. Both parties immediately confirm these proximity payments via text message. No relationship between the buyer and the organization or account number is required.
    • kaoutarchennoufi
       
      The Lipa Na M-Pesa solution is very clever and adequate. It has two components: The "Pay Bill" where payments is done remotely and The "Buy goods" which is much easier and does not require any account number and the transaction is done via text messages. M-Pesa is offering its customers a huge flexibility in terms of payments solutions which makes it very desirable and highly effective.
  • Loosely translated to ‘Pay with M-PESA’ (mobile money service). The service has two components, Paybill and Buy goods.
  • What is Lipa Na M-PESA
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  • Pay Bill is for remote payments and the customer does not have to be present whilst paying.&nbsp; The customer has an official relationship with the organization to whom they are making payment and has an “account number” that helps identify the user. The customer inputs a business number (paybill number) for the entity they are paying.
  • Buy goods and services is mostly for retail purchase of goods and services. Both parties immediately confirm these proximity payments via text message. No relationship between the buyer and the organization or account number is required.
nouhaila_zaki

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

  • 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
       
      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.
  •  
    "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"
ghtazi

AgroCenta - VC4A - 1 views

  • AgroCenta is an innovative online platform that empowers small holder farmers and farmer based organizations in rural farming communities access a wider online market outside their immediate locality to trade fairly and equitably. They can access technological tools and information that will inform them on best farming practices such weather information, market information and finally access to agro inputs such as fertilizers, pesticides and weedicides directly from stakeholders.
    • kenzabenessalah
       
      The engagement of farmers with AfroCenta is not only important to have wider access to larger markets, but also to have access to advanced tools and data in the agricultural industry.
  • AgroCenta is an innovative online platform that empowers small holder farmers and farmer based organizations in rural farming communities access a wider online market outside their immediate locality to trade fairly and equitably. They can access technological tools and information that will inform them on best farming practices such weather information, market information and finally access to agro inputs such as fertilizers, pesticides and weedicides directly from stakeholders.
    • sawsanenn
       
      AgroCenta's mobile app provides two key services to smallholder farmers: access to markets (AgroTrade) and access to finance (AgroPay). On the AgroTrade platform, farmers can trade directly with small, medium, and large processing companies that need raw commodities for processing.
  • AgroCenta is an innovative online platform that empowers small holder farmers and farmer based organizations in rural farming communities access a wider online market outside their immediate locality to trade fairly and equitably. They can access technological tools and information that will inform them on best farming practices such weather information, market information and finally access to agro inputs such as fertilizers, pesticides and weedicides directly from stakeholders.
    • ghtazi
       
      Agrocenta is an innovative platform that helps small farmers in rural communities access a wider online market in order to trade freely and equitably.
chaimaa-rachid

Become a Field Partner | Kiva - 1 views

  • Kiva partners with a range of organizations, including microfinance institutions (MFIs), social enterprises and nonprofits. Our partner organizations are united by a strong commitment to serving the needs of poor, vulnerable and/or excluded populations, either through financial services or by using credit to expand access to beneficial products and services.
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    Having a partnership is always good as it will assist Kiva with improving more its business.
aminej

MTN Ghana | Devex - 0 views

  • MTN is a leading organization in the mobile telecommunications industry in Ghana. It offers subscribers a wide range of exciting options under Pay Monthly and Pay As You Go Services. After one year of rebranding Mobile Telecommunications Network (MTN) in country, the organization is focused on consolidating its position as the leader in the market and to fulfill its commitment of bringing world class telecommunication services to the country. In this regard, MTN has invested substantially in a Network Expansion Initiatives meant to enhance speech quality, improve coverage intensity and to extend coverage to new areas.
    • aminej
       
      MTN is the leader when it comes to telecommunications in Ghana, they provide some innovative services such as Pay As You Go which is very practical and convenient. They have expanded a lot in different countries and also in terms of performance and quality of service
chaimaa-rachid

About | Kiva - 0 views

  • We do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.
  • We do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.
    • aminej
       
      Kiva is an interesting platform that offers very interesting funding access to people in different areas of the world. It would enable them to either start a new business or improve theirs. There are already 1.9 million lenders which is quite huge and a repayment rate of 95.9% so I believe that it is really developped.
  • We do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.
    • kaoutarchennoufi
       
      Kiva is a very impactful organization since it financially helps students and women who want to start their own business. It is well known that these two categories usually face difficulties to contract loans or get any financial service. We need more organizations like Kiva all around Africa.
  • ...2 more annotations...
  • Kiva started as a pioneer in crowdfunding in 2005, and is constantly innovating to meet people’s diverse lending needs. Whether it’s reinventing microfinance with more flexible terms, supporting community-wide projects or lowering costs to borrowers, we are always testing and learning.
  • We envision a financially inclusive world where all people hold the power to improve their lives.
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    I love the concept of Kiva where you can see technology helping people in their lives. The company aims to link borrowers with lender in order to improve the lifestyle of the people interested in this service. I just like the way Fintech plays a big role in improving our life and Kiva is just a good example of it.
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    Kiva provides attractive access to funding individuals to improve their lives.
chaimaa-rachid

Kiva (organization) - Wikipedia - 0 views

  • As of October 2017, 81% of Kiva's loans have been made to women.[19] Kiva emphasizes supporting women because women can gain the most from microcredit. Patriarchy and a strict division of labor still dominate the societies of many developing countries, and women often suffer the most from poverty because scarce resources are often allocated to a family's males, rather than its females.
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    As it is known that when a woman wishes to create or develop her own business, the chances of obtaining a business loan are strongly against her. So Kiva is now helping women make their dreams come true.
chaimaa-rachid

Huawei joins WorldRemit in mobile money transfer deal for Africa | Reuters - 0 views

  • Digital money transfer service WorldRemit has partnered with Chinese smartphone maker Huawei [HWT.UL] to enable the international transfer of money across Huawei’s mobile services in Africa, the companies said on Tuesday.
  • “International remittance is a very important mobile money service in Africa, and our partnership with WorldRemit will bring international remittances directly to Huawei’s customers across the continent,” David Chen, Vice-President of Huawei Southern Africa, said in a statement.
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    By engaging in a partnership with Huawei, World remit is increasing it range of customers and made another step forward being considered an international company that allows digital money transfer. The company firstly started in Africa as it has seen it as a potential market because of the lack of availability of financial services.
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    I found the partnership between WorldRemit and Huwaei really interesting. This association will push the organization to be seen as a global organization that permits advanced fund transfer. Partnerships always help the business to grow further.
samielbaqqali

How Fintech Innovations Are Making Payments More Efficient? - The European Business Review - 0 views

  • Fintech is used to define an industry that integrates financial and technology resources to develop financial solutions for organizations. In recent years, fintech innovations have transformed the way and the speed at which money can change hands. The major benefit of this has been at the consumer end. Making payments for them has become safer and quicker than ever before!
    • samielbaqqali
       
      The success of a fintech organization depends mainly on its speed, so Fawry should always work on the rapidity in order to keep its success.
ayoubb

SmartelMoney | About Us - 2 views

shared by ayoubb on 07 Feb 21 - No Cached
  • Smartel Money Ltd is company that is rooted in the Kingdom of Lesotho. The aim and focus of Smartel money is to provide mobile payment services, savings &amp; credit and monetary transfers and serve thus as an alternative to traditional banking systems. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world. We also aim to improve the quality of cloud computing (payment as a service) and interaction between computers and people to achieve their payment processes.
    • kenza_abdelhaq
       
      Smartel Money Ltd provides a range of financial services (mobile payments,savings, lending, transfers) for different customer segments including banked and unbanked individuals and societies. It mainly uses cloud computing and the use of computers for payment processes.
  • Smartel Money Ltd is company that is rooted in the Kingdom of Lesotho. The aim and focus of Smartel money is to provide mobile payment services, savings &amp; credit and monetary transfers and serve thus as an alternative to traditional banking systems.
    • aminej
       
      Smartel Money is a very competitive application in the market when it comes to E-payments services and many other products thanks to the very low costs and convenience in using the platform. They will also connect people in rural areas to different part of the continent and even the world in order to get access to funding and credit
  • Smartel Money Ltd is company that is rooted in the Kingdom of Lesotho. The aim and focus of Smartel money is to provide mobile payment services, savings &amp; credit and monetary transfers and serve thus as an alternative to traditional banking systems. We aim to provide to individuals, institutions, organizations, multi-industry sectors and governments with the cutting edge, fresh and innovative financial management system in this ever changing world. We also aim to improve the quality of cloud computing (payment as a service) and interaction between computers and people to achieve their payment processes. Smartel Money customer base comprises banked and unbanked people and societies, insurance, retail grocery, retail clothing, retail cell phone services, utility services etc.
    • tahaemsd
       
      The core element of Smartel Money is to provide a simple and reliable payment system and provide credit to the customer base whilst in that regard providing competitive prices around the clock.
  • ...2 more annotations...
  • SmartelMoney | About Us
    • ayoubb
       
      Smartel Money LTD
  • SmartelMoney | About Us
    • ayoubb
       
      Smartel Money LTD
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    There are 5 reasons why this company is being used: Low cost lowest rates in the country, cheaper than internet banking and even cheaper than mobile money. they have kept fees as low as possible - they are the most affordable option on the market. Easy To use you get to use the platform that you are most comfortable with, app, USSD codes, or internet, no need to cram codes that run forever if it doesn't work for you. It's Convinient YOU CAN DO IT ANYTIME ANYWHERE Use My Wallet anytime anywhere for anything, money transfers, bills, airtime, groceries, fuel. See, easy! It's safe When you use my Wallet Services, you are not bound to any carrier, you can even use it without any carrier, bring your ID or passport. Secure Uses accredited national banking security and standards to protect your money whether you are transacting or not.
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