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mehdibella

Fintech for Financial Inclusion & Empowerment | JUMO - 0 views

www.jumo.world/about

Jumo Fintech finance SouthAfrica

shared by mehdibella on 12 Feb 21 - No Cached
  • JUMO partnered with Uber to create JUMO Drive, a first-of-its-kind digital vehicle asset finance product for rideshare drivers.
  • JUMO partnered with Telenor and Telenor Microfinance bank to launch the first commercial product in Asia.
  • The first funding partner was introduced to the operating platform. JUMO’s partnership with Letshego Bank in Ghana enabled payment and capital providers to work together to build products.
  • ...7 more annotations...
  • The use of digital savings, by JUMO in Tanzania and Zambia, grew rapidly.
    • mehdibella
      mehdibella on 13 Feb 21
       
      JUMO partnered with Telenor and Telenor Microfinance bank to launch the first commercial product in Asia.
  • JUMO secured another funding round of US$55 million to support market and product expansion.
  • JUMO is powering a new wave of financial tools, enabling hundreds of millions of people to prosper, build their businesses and drive economic growth
  • JUMO was founded in London by Andrew Watkins-Ball, with a vision of reimagining finance in emerging markets. The founding team started working to prove that data can be used to predict the financial behaviour of millions of people without access to finance. Credit risk, engineering and other capabilities were developed with industry-leading talent. The first ecosystem partnerships were established with Tigo, Airtel and MTN to bring short-term loan products to people and small businesses in Kenya, Zambia and Uganda.
    • ghtazi
      ghtazi on 13 Feb 21
       
      JUMO is a British company founded by Andrew Watkins- Ball, and its vision is to reimagine finance in emerging markets. the goal of this company is to show that Data can be used to forecast millions of people's financial activity without access to finance.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is really great at introducing Jumo, its initial partnerships, the products/services offered by Jumo.
  • Timiza Akiba, a JUMO-powered savings product, grew 30% in 3 months despite COVID conditions.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt reports on the impressive performance of Timiza Akima, a Jumo product, despite covid-19 conditions, which reflects the company's resilience despite the pandemic.
  • A funding round of $52m USD was closed. The round was led by Goldman Sachs, with participation from Proparco, FinnFund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments. A further $12.5m USD was secured from Odey Asset Management.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reports on how Jumo obtains financing for its operations from external sources i.e. Odey Asset Management.
  • Fast Company SA named JUMO one of the most innovative companies owing to advanced data science and Machine Learning capabilities.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Jumo is powering new waves of financial tools that can help entrepreneurs to build and grow their business
  • chaimaa-rachid on 12 Feb 21
     
    Parentships always help a business to improve and grow. Jumo is expanding its service to satisfy everyone.
  • hindelquarrouti on 13 Feb 21
     
    At the beginning Jumo started by a founding team that was mainly working in order to prove that data are essentials and that they can predict the future financial behaviour of millions of people that originally didn't have access to finance. So, Jumo's main asset can be considered to be its data analysis that forecasts financial behaviours.
mehdibella

SnapScan positive in face of strong competition from Apple and Samsung - 0 views

mybroadband.co.za/...on-from-apple-and-samsung.html

Fintech finance SouthAfrica snapscan

shared by mehdibella on 13 Feb 21 - No Cached
  • SnapScan launched in South Africa in May 2014, although the app had been operational since June 2013. The app was launched in partnership with Standard Bank, and the bank ultimately acquired the developer of SnapScan, FirePay, at the end of 2016.
    • mehdibella
      mehdibella on 13 Feb 21
       
      I am amazed by the new release of SnapScan which is another installment channel called SnapBeacons through which Clients can basically tap a catch in the SnapScan application to start the exchange through Bluetooth.
  • “What they lack, specifically in Africa, is merchant and business acceptance. As a result, they are reliant on banks to issue card tokens to their wallets and to roll out a merchant acceptance network.” SnapScan, on the other hand, is a potential solution for businesses where card terminals are not cost efficient or appropriate.
mehdibella

Carbon - Quick loans in Nigeria | SME loans | Download Carbon App - 0 views

ng.getcarbon.co

Bank Transfer Money Telecom Fintech Strategy

shared by mehdibella on 13 Feb 21 - No Cached
  • Carbon is a financial service provided by Carbon Finance & Investments Limited (RC 1044655), licensed and regulated by the Central Bank of Nigeria (CBN). We empower individuals with credit, simple payments solutions, high-yield investment opportunities, and easy-to-use tools for personal financial management. We are a global company of over 90 employees with a presence in Mauritius, Nigeria, the United Kingdom, United States, Canada, South Africa, and Kenya.
    • samiatazi
      samiatazi on 13 Feb 21
       
      Carbon is a FS given via Carbon Finance and Investments which is authorized and directed by the Central Bank of Nigeria. this app engages people with credit, straightforward installments arrangements, high return speculation openings.
  • Your money is always working harder for you.Earn up to 11% interest p.a. when you invest with Carbon.
  • Your Carbon account allows you enjoy cheaper transactions, zero account fees, and an annual interest of 2% per annum.
  • ...4 more annotations...
  • Digital banking for all lifestyles
  • Be notified of any issues you may have. We’ll help you stay on top of things.. and it’s completely free.
  • Our physical debit cards give you access to cash withdrawals anywhere. And with our secure virtual cards, you can pay for products on your favourite online stores, in dollars.
  • The best online loan service hands down. Just ensure to pay your loans on time and you'll get access to better loans and so many other rewards. Very ideal for fast track business owners who need quick access to funds on the go.
mehdibella

CGAP and FarmDrive Announce Partnership | CGAP - 0 views

www.cgap.org/...farmdrive-announce-partnership

Fintech Farmdrive kenya

shared by mehdibella on 12 Feb 21 - No Cached
  • CGAP and FarmDrive Announce Partnership for Satellite-Based Credit Assessments for Smallholder Farmers
  • Through CGAP’s financial contribution, FarmDrive will collaborate with The Impact Lab and Planet to use satellite images to better understand planting cycles, crop yields, and trends in production to help forecast future revenues, timing of income and potential gaps in payments.
    • mehdibella
      mehdibella on 13 Feb 21
       
      CGAP and FarmDrive Announce Partnership for Satellite-Based Credit Assessments for Smallholder Farmers
  • FarmDrive Co-founder commented, “We are delighted by CGAP’s support. We created FarmDrive to revitalize agricultural production and improve the livelihoods of smallholder farmers. The opportunity to incorporate world-class satellite technology and data analytics is a monumental step towards achieving these goals.”
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.
chaimaa-rachid

Food for thought - Crop Insurance Gets a Makeover - 2 views

socialfintech.org/crop-insurance-gets-a-makeover

worldcover crop-insurance block-chain

shared by chaimaa-rachid on 12 Feb 21 - No Cached
  • Despite the technology underpinning WorldCover being really quite complicated (blockchain technology and machine learning), their product is amazingly simple; a crucial quality when doing business in rural areas where literacy levels are extremely poor. Essentially WorldCover is able to cut through the notoriously bureaucratic insurance claim system by ensuring insurance payments are automatically triggered once certain conditions are met, therefore increasing efficiency and eliminating fraudulent requests.
  • WorldCover is capable of providing premiums at a comparatively low-cost, which, like simplicity, is an essential part of their business model.
  • hindelquarrouti on 13 Feb 21
     
    Worldcover has developed smart contracts using blockchain with the purpose of simplifying the process of insurance.
  • chaimaa-rachid on 13 Feb 21
     
    I like the idea of creating smart contracts utilizing blockchain. World Cover has done a good job as it will facilitate the cycle of protection.
omarlahmidi

Ethiopia launches mobile money schemes to extend banking reach | Reuters - 0 views

www.reuters.com/...-banking-idUSL6N0VE44020150204

Belcash Africa MobilePayment

shared by omarlahmidi on 13 Feb 21 - No Cached
  • BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows how effective belcash is. and how an African country is willing to ensure financial inclusion and increase deposits by using financial technology.
  • BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that the service can have 10 million users by 2017 or 2018. we can aslo see the belcash would receive a fee for each transaction made.
  • Netherlands-based BelCash is offering a technology called helloCash, while MOSS ICT, mainly owned by an Ireland-based firm, is rolling out M-Birr in the nation of 96 million people.In both cases, Ethiopian banks and institutions will offer the service to customers and hold the cash deposited, in line with government policy that bars foreign firms or banks from investing in the financial sector or the telecoms industry.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article discusses the case of Belcash and M-Birr as two fintechs offering similar services which can lead us to say that M-Birr is a competitor of Belcash in Ethiopia.
  • ...2 more annotations...
  • Bankers say Ethiopia has no more than 1,500 ATM cash machines, while there was just over 2,200 bank branches as of June, or one for every 40,000 people, the central bank says. Only one in 10 people have a bank account.In addition to branches, which are expensive to set up, banks plan to authorise thousands of agents, such as shops or merchants, in line with new regulations. Such agents will be able to take deposits and hand out cash via the mobile system.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Cashless mobile payment application replace ATMs so that unbanked people can join. Only one out of 10 people is banked.
  • Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said.
    • omarlahmidi
      omarlahmidi on 14 Feb 21
       
      Belcash could make a lot of profit in Ethiopia. It offers a technology called helloCash, that will help customers and offer them a better service.
nourserghini

Nigeria's Paga acquires Apposit, confirms Mexico and Ethiopia expansion | TechCrunch - 1 views

techcrunch.com/...-mexico-and-ethiopia-expansion

Paga Fintech Competitors

shared by nourserghini on 07 Feb 21 - No Cached
  • As it grows abroad, Paga faces greater competition in Nigeria. For the last decade, South Africa and Kenya — with the success of Safaricom’s  M-Pesa product — have been Africa’s standouts in digital payments.But over the last several years, Nigeria has become a magnet for VC and fintech startups. This trend reached a high-point in 2019 when Chinese investors put $220 million into Opera owned OPay and Transsion backed PalmPay — two fledgling startups with plans to scale in Nigeria and broader Africa.
    • nourserghini
      nourserghini on 07 Feb 21
       
      Paga's competitors in its origin country Nigeria and broader Africa are M-pesa and PalmPay.
  • With its Apposit acquisition and continued expansion, PayPal may become more than a model for Paga.Founder Tayo Oviosu sees big fintech players, such as PayPal and Alipay, as future competitors with Paga’s plans to move into more emerging markets.
    • nourserghini
      nourserghini on 07 Feb 21
       
      Competition in emerging markets for Paga are big fintechs such as PayPal and Alipay.
hibaerrai

Similar Money Remittance Alternatives to WorldRemit - 0 views

www.thecurrencyshop.com.au/...sfer-companies-like-worldremit

WorldRemit Remittance Competitors

shared by hibaerrai on 10 Feb 21 - No Cached
  • Remitly TransferWise XE TorFX PayPal
    • hibaerrai
      hibaerrai on 10 Feb 21
       
      WorldRemit competitors are the following: Remitly: money transfer platform similar to worldremit. They both specialize in remittances. Transferwise: security XE money transfer, TorFX: No transfer fees compared to worldremit which imposes fees. Paypal: the most popular payment platform in the world.
aminej

MoneyFellows: Overview | LinkedIn - 0 views

www.linkedin.com/...moneyfellows

Egypt Fintech Services Mobile App Credit Savings

shared by aminej on 11 Feb 21 - No Cached
  • MoneyFellows is a collaborative Group Lending and Savings Platform. It is a trusted and more convenient way of finding and managing Money Circles online, by digitizing the traditional, informal offline ROSCA (Rotating Savings and Credit Association) Model, allowing users to meet their financial and saving needs.
    • aminej
      aminej on 11 Feb 21
       
      MoneyFelows is an Egyptian Fintech. They offer an innovative service with 0% service fee and flexible payment option. For people who need money and want to borrow to each other.
hichamachir

Fawry joins the billionaires - Economy - Al-Ahram Weekly - Ahram Online - 0 views

english.ahram.org.eg/...ry-joins-the-billionaires.aspx

Fawry Billionaires Egypt

shared by hichamachir on 12 Feb 21 - No Cached
  • The digital transformation and e-payments company Fawry became the first listed tech company in Egypt with a market capitalisation of $1 billion last week. At the end of trading on 17 August, the market value of the company had jumped to LE15.56 billion (around $1 billion), meaning it is now rubbing shoulders with the likes of CIB (Egypt), QNB Al-Ahli, the Eastern Company, the Abu Qir Fertilisers Company, Telecom Egypt, and Al-Sewedy Electric in the EGX index billionaires’ club.
  • hichamachir on 12 Feb 21
     
    Fawry is a big sucess in Egypt. This business is going to inspire many startups to believe in digital business because it's the future. The fintech market is going to offer us many opportunities that can change our lives.
kenzabenessalah

Cassava Fintech | Start-Up Nation Central - 0 views

www.startupnationcentral.org/...cassava-fintech

Fintech transformation Cassava Digital financial services

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • In July 2018, Start-Up Nation Central hosted a delegation from Cassava Fintech, Africa who are leading Africa’s Fintech Transformation Revolution. Cassava Fintech provide inclusive access to digital financial services across Africa, helping drive financial inclusion, digital payments and the adoption of mobile e-commerce.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Cassava must always be on point since it once was the leading company in Africa's Fintech Transformation Revolution. Helping to create more digitalized services for Africa is a great initiative.
samielbaqqali

M-Pesa and Mobile Money in Kenya: Pricing for Success - 1 views

store.hbr.org/...kel762

K-Pesa Kenya Customers

shared by samielbaqqali on 12 Feb 21 - No Cached
  • The Kenyan government's announcement of a new 10 percent tax in March 2013 threatened the future prospects of M-Pesa, Safaricom's mobile money transfer service, which had revolutionized the way money moved in Kenya. The new tax would be levied on all cash transfers but was largely targeted at M-Pesa, which controlled around 80 percent of the cash transfer market.
  • The Kenyan government's announcement of a new 10 percent tax in March 2013 threatened the future prospects of M-Pesa, Safaricom's mobile money transfer service, which had revolutionized the way money moved in Kenya
  • The Kenyan government's announcement of a new 10 percent tax in March 2013 threatened the future prospects of M-Pesa, Safaricom's mobile money transfer service, which had revolutionized the way money moved in Kenya.
  • ...2 more annotations...
  • The Kenyan government's announcement of a new 10 percent tax in March 2013 threatened the future prospects of M-Pesa, Safaricom's mobile money transfer service, which had revolutionized the way money moved in Kenya.
  • The case presents the structure Safaricom established in order to develop a mobile money transfer service in Kenya. As a concept, M-Pesa was unprecedented in Kenya: prospective customers had to get comfortable with the idea that a mobile communications company could provide a payment system, that transactions could be initiated through a mobile phone, and that nonbank outlets could provide cash-in/cash-out services.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      M-performance Pesa's is brilliant. This success will, however, attract enemies. The success of M-Pesa attracted the attention of the government, which added an additional tax that could impact the profitable business. I assume that the contribution of M-Pesa to the local economy will outweigh the power of the government, so that they can discuss with them all the additional tax they have levied or plan to introduce by the government.
  • hichamachir on 12 Feb 21
     
    The success of M-Pesa is brilliant. However, this success can attract enemies. M-Pesa success attracted the government's attention which added an additional tax that can bother the successful company. I believe that M-Pesa contribution to the local economy can surpass the government power, so they can negotiate with them all the additional tax that they government implemented or intend to implement.
kaoutarchennoufi

SmartelMoney | Products & Services - 0 views

smartelmoney.com/products-services

CustomerBase Wide LoyalCustomers WoM

shared by kaoutarchennoufi on 10 Feb 21 - No Cached
  • 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
      sawsanenn on 10 Feb 21
       
      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
      aminej on 12 Feb 21
       
      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
      kaoutarchennoufi on 12 Feb 21
       
      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.
  • ghtazi on 10 Feb 21
     
    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..
aminej

Mama Money Company Profile - Office Locations, Competitors, Revenue, Financials, Employ... - 0 views

craft.co/mama-money

South Africa Payment Transfer Technology Online Services

shared by aminej on 12 Feb 21 - No Cached
  • Mama Money is a company that operates as an international money transfer operator. It offers a mobile app that allows users to send money to their families.
    • aminej
      aminej on 12 Feb 21
       
      Mama money can be considered as a competitor of SimbaPay since they both offer the same services which consist of sending money to your families.
tahaemsd

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

www.crunchbase.com/...company_financials

fintech payments africa modernization electronic

shared by tahaemsd on 12 Feb 21 - No Cached
  • <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
      tahaemsd on 12 Feb 21
       
      Investments and funding of Fawry
tahaemsd

Zeepay - Tech Stack, Apps, Patents & Trademarks - 0 views

www.crunchbase.com/...technology

fintech payments africa modernization electronic

shared by tahaemsd on 12 Feb 21 - No Cached
  • Zeepay is actively using 24 technologies for its website, according to BuiltWith. These include Viewport Meta,&nbsp;IPhone / Mobile Compatible,&nbsp;and&nbsp;SPF.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      different technologies used by Zeepay
tahaemsd

Finalists Selected for the 2020 TAG FinTech South Innovation Challenge | Business Wire - 0 views

www.businesswire.com/...ech-South-Innovation-Challenge

fintech payments africa modernization

shared by tahaemsd on 12 Feb 21 - No Cached
  • Ethiopay– centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      TAG Finech South Innovation Challenge's eduction top 10 finalist
mehdi-ezzaoui

​Belcash Technology Solutions PLC - 0 views

www.belcash.com

Fintech Africa payments

shared by mehdi-ezzaoui on 09 Feb 21 - No Cached
  • Over the last four years, our service has allowed the Ethiopian population to access the following services using their mobile phones: Health advice (HelloDoctor), Market access (HelloMarket / HelloGebeya), Labour market access, (HelloJobs / HelloSera), Legal advice (HelloLawyer / HelloTebeka), Mobile Trade service (HelloBroker/ HelloDelela).
    • kenzabenessalah
      kenzabenessalah on 09 Feb 21
       
      BelCash has given an opportunity to the Ethiopian population to conduct their usual services online. This leads to efficient, safe, and less time consuming daily affairs.
  • Belcash Technology Solutions PLC (BCTS) is a registered Value Added Service (VAS) provider legally operating in Ethiopia. BCTS has obtained its licenses from Ministry of ICT and with a signed agreement with Ethio Telecom to provide services to the Ethiopian market.
    • kenzabenessalah
      kenzabenessalah on 09 Feb 21
       
      This is important because it emphasizes the safety and legitimacy of the platform. With multiple services, BelCash must have a data protection regulation.
  • The HelloCash Network is the largest financial service network in Ethiopia with 9,900 Service outlets across the country. Currently, within HelloCash network there are over 1,500,000 HelloCash customers. The network is expected to grow to 20,000 service outlets (Agent Network) by end of 2020. &nbsp;
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