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hichamachir

5 Ways FinTech Is Driving Advances In Insurance - 0 views

www.entrepreneur.com/...281636

Fintech Digitalization Paperless Africa

shared by hichamachir on 13 Feb 21 - No Cached
  • PaperlessE-KYC, E-sign and stamping, and finally e-policies are making steady inroads,and with the changing mind-set, the time is not far off when insurance will be purchased instantly with no physical paper exchange. Automated claim processing and upload of documents from anywhere anytime is becoming a reality that will help in processing claims faster.Further, the proposed central repository for KYC and Digi lockers will also help all financial institutions to access the KYC records of a customer centrally as well as allow them to e-sign documents. A platform that allows you to provide your customers with all these facilities and more in a highly secure manner can make life much simpler, not to mention faster.
    • hichamachir
      hichamachir on 13 Feb 21
       
      Pula can totally use this strategy. The paperless strategy is beneficial especially for the young generation of farmers that are more comfortable with technology. As we know, the young generation is the future and we need to offer them the best products since now!
ghtazi

BelCash story - HelloEthio - 0 views

www.helloethio.com/belcash-story

technology Platform buisnesses

shared by ghtazi on 12 Feb 21 - No Cached
  • BCTS has successfully implemented its HelloCash mobile banking platform and 8 000 agents network with 6 local banks and 2 microfinance institutions, making it the largest financial network in the country.This achievement has gained recognition from the UN initiative for financial inclusion, which was substantiated by the visit of UN ambassador for financial inclusion, her Royal Majesty Queen Maxima of the Netherlands in May 2019.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      Being recognized f=by the UN for financial inclusion adds a lot of value to the company making it more secure to the eyes of its customers. This is important because it places the company in a higher standard in the technology industry.
  • With 17 strong through partnerships, across multiple sectors and an ownership structure in full compliance with the Ethiopian regulations, BelCash Payments-As-A-Platform model spurred numerous “HelloServices”. These services include airtime eTop-up, Pay-As-You-Go solar, Healthcare, eCommerce, Jobs, Entertainment, and many more, providing the Ethiopian population access to essential services through the HelloCash platform and agents network.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Thanks to these services offered, belcash has reached more than 1.4 million customers, and made it as the largest financial network in Ethiopia
  • BelCash Technology Solutions Ltd. (BCTS) was established in Ethiopia in 2011, as a registered Value-Added Service (VAS) . It'main activity is to provides its digital technology platforms to businesses as a service (PaaS).
    • ghtazi
      ghtazi on 13 Feb 21
       
      belcash was established in Ethiopia in 2011, The key task is to provide organizations with their digital technology systems as a service.
chaimaa-rachid

The SnapScan Story: Pioneering mobile transactions - 0 views

www.snapscan.co.za/about.html

SnapScan south-africa standars-bank's

shared by chaimaa-rachid on 07 Feb 21 - No Cached
  • We seek to ensure that people save time and have the best payment experience possible. We strive to remove unnecessary barriers, complex fee structures, and time-consuming admin to provide an innovative and streamlined solution for businesses and app users.
    • kenzabenessalah
      kenzabenessalah on 07 Feb 21
       
      Some people are very lazy when it comes to paying online because there are multiple steps that need to be done as well as certain data that needs to be provided. With SnapScan, there are no complex fee structures and time-consuming steps. The removal of such features allows people to experience a fast and satisfactory payment process.
  • In 2013, SnapScan launched one of the first mobile payment apps in South Africa. By combining our ingenuity with Standard Bank's impressive financial infrastructure and expertise, SnapScan has been changing the way South Africans pay and get paid - one snap at a time.
  • chaimaa-rachid on 13 Feb 21
     
    I love the concept Snapscan has created and how it has consolidated speed and security with Standard Bank's information and experience.
ayoubb

SnapScan Overview - 0 views

help.panacea.co.za/...SnapScan.aspx

shared by ayoubb on 13 Feb 21 - No Cached
  • In order for your patients to make payments using SnapScan they will need to download the free SnapScan App (if they have not already done so).  The SnapScan App is available for iPhone, Android and Blackberry smartphones.  Note that, because the SnapScan user's credit card details are loaded and encrypted onto their phone, it is not necessary for them to actually carry their credit card.  This makes it impossible to lose or skim the credit card, thereby increasing the level of security.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      SnapScan has made its service available for all types of smartphones, for example, Android, Iphone, etc. This is important to know because sometimes there are features in certain phones that aren't available in others.
  • Once you have registered as a SnapScan merchant you will be given a SnapCode (merchant ID) which is configured in Panacea.  Panacea will then print QR codes at the bottom of your statements.  QR codes are "two-dimensional barcodes" - see image on the right.  These QR codes contain your SnapCode (merchant ID), a unique tracking reference number as well as the amount payable.  The patient simply scans the QR code using their SnapScan App, then enters their secret PIN code and that's it!  Click here  for a detailed description of how your patient's would make a payment.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      SnapScan works using QR codes that contain the merchant ID, unique tracking reference number, and the amount payable. Once the code scanned, the customer still has to enter their secret PIN code.
  • It is possible for your patients to effect payment using QR codes that were not generated by Panacea.  For example, when you register as a merchant they will send you a "generic" QR code that contains your SnapCode (merchant ID) but does not contain any tracking info or a payment amount.  If one of these "generic" QR codes is used Panacea will not be able to generate the payment and allocations automatically, but you will be notified of the payment via Panacea in the normal way .
    • ayoubb
      ayoubb on 13 Feb 21
       
      Snapscan
ghtazi

Ghanaian agri-tech startup AgroCenta raises $790k pre-Series A funding - Disrupt Africa - 0 views

disrupt-africa.com/...ises-790k-pre-series-a-funding

platfrom Ghana Merchanting

shared by ghtazi on 12 Feb 21 - No Cached
  • “The demand for agricultural raw materials from offtakers in the brewery, manufacturing and consumer sector is increasing exponentially because of the easing of the COVID-19 restrictions that were put in place by the government of Ghana, hence this capital injection will help to secure purchases at fair and transparent prices from smallholders — a much needed lifeline for many who are at the proverbial bottom of the pyramid.”
    • aminej
      aminej on 12 Feb 21
       
      This is an issue we also used to have in Morocco in period of crisis. Farmers start increasing prices because of the high demand and people start complainning. It is important to Regulate prices in the Market in order to avoid a civil war in period of crisis
  • AgroCenta will use the funding to further develop its smallholder farmer inclusion programmes and procure crops at transparent and fair market prices to service offtake contracts. The startup’s chief executive officer (CEO) Francis Obirikorang and co-founder Michael Ocansey said the investment was vitally important.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      having the support of leading institutions, particularly with the covid backdrop, can be a significant milestone for Agrocenta
  • This is a significant milestone for AgroCenta, having the support of leading institutions, particularly with the COVID-19 backdrop, underlining the strength of AgroCenta and the importance of its mission,” they said. 
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows the solidarity between companies during a crisis time. Plus we can see the efforts to help smallholder farmers to fight this crisis. this is another approach for economic growth even during a pandemic
  • ...1 more annotation...
  • Founded in 2016, AgroCenta operates a mobile merchanting platform which provides market information, storage and delivery solutions, and financial services to smallholder farmers in Ghana.
    • ghtazi
      ghtazi on 13 Feb 21
       
      agrocenta It operates a mobile merchanting platform that provides smallholder farmers in Ghana with market information, storage, and delivery solutions, and financial services.
ayoubb

We Got Funded: Egypt-Based Fintech Startup Moneyfellows Raises Seed Funds - 0 views

www.entrepreneur.com/...308849

shared by ayoubb on 13 Feb 21 - No Cached
  • Egypt-based Moneyfellows, a tech startup that digitizes informal lending between friends and family networks, has raised US$600,000 in an investment round led by Dubai Angel Investors and 500 Startups.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      The company reached out to every single investor in the region. Some refused, some did not answer at all and yet, Moneyfellows was able to secure such a huge investment thanks to some angel investors. Now, the company will probably receive more offers of investments.
  • Founded in 2015, the idea for Moneyfellows hit the startup’s founder and CEO Ahmed Wadi in Germany, where as a fresh graduate with a modest pay, he was looking to fund his own wedding and honeymoon. “Doing an offline money circle with friends and family back home was my only resort,” Wadi recalls. “It was extremely painful to find a suitable one, manage it, and keep track of it. If there existed a digitized version of this, I would’ve been a frequent user myself. There wasn’t; so, I decided to do something about it, and do it myself.”
    • ayoubb
      ayoubb on 13 Feb 21
       
      MoneyFellows
ghtazi

About Mukuru | Bulk Remittance Services | Sign up, Send it, Sorted! - 0 views

www.mukuru.com/our-values

Mukuru Money Africa Bank Account

shared by ghtazi on 09 Feb 21 - No Cached
  • Mukuru helps you move money around Africa. Sending cash for instant collection or topping up a bank account or mobile wallet, has never been easier.
    • nouhaila_zaki
      nouhaila_zaki on 09 Feb 21
       
      This page explains what Mukuru proposes as services for its customers, namely moving money around Africa (for paying school fees, hospital bills, rent or groceries etc).
  • We exist as a remittances company, to empower migrants to move money in a convenient, safe and affordable manner. These workers, who would usually be excluded from mainstream financial services, can now fulfill their desire to improve their own and their families’ lives.
    • nouhaila_zaki
      nouhaila_zaki on 09 Feb 21
       
      Here the page introduced the main mission of the company and its target customer segment, being securing remittances for migrants in Africa who are excluded from mainstream financial services.
  • It is this, the opportunity to enrich the lives of Africa’s people by helping family, friends and loved ones stay connected, that motivates us to improve, to do more and to reach further. To us, a remittance is more than money. It represents the love, care and hard work of the sender and can be a lifeline, an opportunity or even a celebration to the recipient.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this page shows Mukuru's values, I really appreciate the goal behind this business which is help Africans to move forward by offering them many services to help each other.
  • ...1 more annotation...
  • We know that every one of our customers has a story; just like we do. So whether you are sending money for school fees, hospital bills, rent or groceries, we are passionate about making that story end well.
    • ghtazi
      ghtazi on 13 Feb 21
       
      once again we can see that Mukuru is very attached to what its customers want and need.
mehdi-ezzaoui

SimbaPay is now processing money transfers to Ghana and Uganda | TechCabal - 1 views

techcabal.com/...-transfers-to-ghana-and-uganda

SimbaPay payments transfer money Fintech

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • Money transfer company, SimbaPay, has expanded its services to Ghana and Uganda. This means that SimbaPay users living in Europe can transfer money to their loved ones via mobile money or their bank accounts. SimbaPay users with a bank account or debit card can use the service to securely make money transfers. The transfers are credited to recipients immediately or after 3 days depending on which option the user selects. Recipients can then access the money through mobile money channels or via their bank accounts.
  • mehdi-ezzaoui on 13 Feb 21
     
    Simbapay has expanded its services to Ghana and Uganda. This means that SimbaPay users living in Europe can transfer money to their loved ones via mobile money or their bank accounts.
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.
aymanelmamoun

SimbaPay launches Kenya to China payment service over WeChat | TechCrunch - 1 views

techcrunch.com/...ina-payment-service-via-wechat

E-Payment Africa FinTech

shared by aymanelmamoun on 12 Feb 21 - No Cached
  • The new product — which piggy-backs on WeChat’s messaging service — is aimed at Kenyan merchants who purchase goods from China, Kenya’s largest import source.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Simbapay developed a third party payment aggregator that enables funds delivery when the buyer and seller both use Wechat
  • Forging another link between Africa and China’s digital economies, the African-focused money transfer startup SimbaPay and Kenya’s Family Bank have launched an instant payment service from East Africa to China.
  • The new product — which piggy-backs on WeChat’s messaging service — is aimed at Kenyan merchants who purchase goods from China, Kenya’s largest import source.
    • aminej
      aminej on 12 Feb 21
       
      SimbaPay offers a new connection between Africa and China for people who buy their goods from there. Kenya is one of the biggest importers of products from China equivalent of 4 billion $ which is huge.
  • ...5 more annotations...
  • SimbaPay transfers funds to 11 countries — nine in Africa then to China and India. “Early next year we’ll increase this to 29 countries,” said Sagini. This includes offering the WeChat China payment service elsewhere in East Africa.
    • ghtazi
      ghtazi on 13 Feb 21
       
      I like how simbapay finds its way through the African market and will increase the countries where customers can transfer funds from 11 to 29.
  • SimbaPay and Family Bank will generate revenues on the WeChat-based transfer service through a fee share arrangement on transactions. “We have a sliding scale of charges [for the service]. For example, to send the equivalent of $80 will cost $3.50,” said Sagini.This presents a significant reduction of fees and opportunity cost for Kenyan traders who import from China, according to Sagini and Family Bank.Current available payment methods to China for Kenyan businesses are less secure and more expensive options, such as traditional money transmitters (Western Union), SWIFT and off the grid services, according to Sagini and Family Bank Chief Operation Officer (COO) Godfrey Kamau Kariuki.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is very important because it explains how SimbaPay plans on promoting Sino-Kenyan trade: reduction of fees and opportunity costs for kenyan traders importing from China through a partnership with the chinese WeChat.
  • “Kenya imports about $4 billion goods from China. That’s the total market that we’re getting into. We’re looking at a single digit market share of the transactional volume around that,” SimbaPay co-founder Sagini Onyancha told TechCrunch.“The users [of the new product] are primarily small Kenyan businesses, that import phones, gadgets, electronics…small to medium size traders who import goods from China,” he said.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it explains the reasons underlying SimbaPay's decision to launch an instant payment service from East Africa to China. Indeed, exchanges between Kenya and China are huge, and SimbaPay attempts to capitalize on this market. The potential users of this service are expected to be Kenyan small to medium-size business owners who import electronics from China.
  • SimbaPay and Family Bank estimate over seven million customers and businesses will be able to access their China WeChat payment service, based on projections of Kenya’s current SMEs.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this estimation can be reached because of the huge customer portfolio that china has. Plus kenya is known to be one of the main importers from China
  • SimbaPay and Family Bank will generate revenues on the WeChat-based transfer service through a fee share arrangement on transactions. “We have a sliding scale of charges [for the service]. For example, to send the equivalent of $80 will cost $3.50,” said Sagini.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      Reducing fees and opportunity cost for Kenyan traders importing from China is a very crucial step to Family Bank.
  • mehdi-ezzaoui on 13 Feb 21
     
    Forging another link between Africa and China's digital economies, the African-focused money transfer startup SimbaPay and Kenya's Family Bank have launched an instant payment service from East Africa to China.
hibaerrai

KYC and FinTech: Addressing the challenges of knowing your customer in the digital era ... - 0 views

10clouds.com/...kyc-and-fintech

Fintech Strategy Know your customer Digital

shared by hibaerrai on 13 Feb 21 - No Cached
  • ‘KYC’ is one of the most important terms in FinTech, as ‘knowing your customer’ is a regulatory requirement for all financial institutions. The main goal is fraud prevention and constraining the ability of certain users who do not meet given acceptance criteria. Traditionally of course, this was done entirely in person, with account holders visiting their banks with the relevant ID documents. But for the past years, KYC has been moving increasingly into the digital domain. This move has brought a vast range of benefits to users and FinTech providers alike, but a number of challenges remain. Below, we outline some of these and present you with ways in which to combat them if you’re looking to set-up, or improve your digital finance platform, or to improve your customer experience.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      The KYC strategy will help target one audience and know everything you need to know about it, and also the data is secured and organised. This process is more efficient in fintechs.
mbellakbail69

Egyptian digital payments company Fawry IPO oversubscribed 30 times | Reuters - 0 views

www.reuters.com/...scribed-30-times-idUKKCN1UV1ET

shared by mbellakbail69 on 12 Feb 21 - No Cached
  • CAIRO (Reuters) - The initial public offering for Egyptian digital payments company Fawry was oversubscribed by 30.3 times at a price of 6.46 Egyptian pounds (39 U.S. cents), data from the Egyptian stock exchange showed on Monday.
    • aminej
      aminej on 12 Feb 21
       
      The subscriptions for both the public and private offerings for Fawry were large and strong because the industry itself is new to the market and has greater than average growth which means that the company has been innovative and managed to maximize their profit and increase their market shares in the Egyptian Market
  • Fawry plans to list 36% of its share capital, worth up to 1.6 billion Egyptian pounds ($97 million), in the flotation.It said Actis, Banque Misr and National Bank of Egypt would each be offered about 7% of the stock, and 5% would be offered to retail investors.A private placing representing the remaining 10% of the share capital was 15.9 times oversubscribed, raising about 360 million Egyptian pounds, investment bank EFG Hermes said last Thursday.
  • “The subscriptions for both the public and private offerings for Fawry were large and strong because the industry itself is new to the market and has greater than average growth,” said Radwa El-Swaify, head of research at Pharos Securities Brokerage.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      There were many subscriptions for Fawry because of its ability to make operations easier. The subscriptions for public and private offerings were very large.
  • ...1 more annotation...
  • “The view of investors this time around is toward the long-term payoff and not the short-term,” El-Swaify said. Fawry expects trading in its shares to start on the bourse on Aug. 8 after receiving approval from the exchange.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Fawry, founded in 2009, is owned by local and foreign investment banks. About 8% of its shares are held by management and employees.
  • hichamachir on 12 Feb 21
     
    A lot of companies are investing in Fawry's shares. I can say that this is a sign of how good the company is performing in the financial market.
mohammed_ab

Benefits of Cloud Computing in Financial Services - iTech blog - 0 views

www.itechart.com/...build-fintech-in-the-cloud

Fintech Strategy Cloud Computing M-Pesa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Cloud eliminates many data storage management problems that plague dated enterprise infrastructure. Cloud computing in banking offers easy access to data for regulatory reporting, risk mitigation, analytics, deep learning, and discovering risk management anomalies.
  • Cloud based financial services can scale to meet variable and increasing data volume. Plus clean, consolidated, contextualized data eliminates the blinders caused by data silos. Additionally, on-premise grids typically force banks to allocate compute resources while cloud resources are available on-demand.
  • Open banking promotes banking and payments technology standardization, drives competition, enhances security of customer account data, and leads to data use innovation. APIs simplify the way financial institutions collect actionable data (e.g. customer purchasing, loan needs, preferred journey patterns, risk profiles, and future income projections).
  • mohammed_ab on 13 Feb 21
     
    Using cloud computing can really improve data protection which is vital for a company like M-Pesa.
hindelquarrouti

The Impact Of Cloud Computing In Fintech - VEXXHOST - 1 views

vexxhost.com/...cloud-computing-in-fintech

strategy clouds fintech Africa

shared by hindelquarrouti on 13 Feb 21 - No Cached
  • The impact of cloud computing in fintech is evident. While the use of cloud technology within fintech services is still catching on, the opportunity for growth is massive. Even though cloud adoption is still in its early stages, cloud computing in fintech is growing at a steady pace. Moreover, a total of 22% of all applications within fintech are currently running on the cloud. That being said, this leaves substantial room for growth and innovation.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Cloud Computing is in rapid expansion, already 22% of all applications in Fintech run on the cloud which presents plenty of benefits like flexibility, security and scalability.
  • Moving forward, banks are now able to partner with fintech startups with ease. Most noteworthy, startups are developing as cloud-native from the very start. The global fintech market size expects to grow to $124.3 billion USD by the end of 2025 at a Compound Annual Growth Rate of 23.84%
  • As an increasing number of businesses make the move to adopt a digital payment system, the demand for fintech solutions is only expected to grow and drive market growth.
  • hindelquarrouti on 13 Feb 21
     
    The use of cloud computing by fintechs is very strategic as it is contributing to their remarkable growth.
hibaerrai

Blockchain Beyond Bitcoin: Transforming FinTech, Healthcare, And More - 0 views

www.forbes.com/...ng-fintech-healthcare-and-more

Fintech Strategy Blockchain Digital Regulations

shared by hibaerrai on 13 Feb 21 - No Cached
  • The goal of blockchain is to digitally record information to be distributed but not tampered with. It is an open, decentralized ledger that records transactions and entries that are confirmed by peer-to-peer networks and encrypted. The data is stored into a “block,” or a fixed event that has been approved and locked into place. Each block is then added to the “chain” of events, leading to the methodology’s moniker. Each record is easily verifiable and incorruptible. The network cannot be influenced by a single party nor taken down because it exists in multiple distributed places.  
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      The use of blockchain strategy in fintech will make the processes more controlled, secure and efficient
mehdibella

Goldman Sachs cash confirms Jumo as fintech heavyweight - 1 views

www.theafricareport.com/...ms-jumo-as-fintech-heavyweight

Jumo Fintech finance SouthAfrica

shared by mehdibella on 11 Feb 21 - No Cached
  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
    • samielbaqqali
      samielbaqqali on 11 Feb 21
       
      The company asked for a big amount from an American bank in order to perfect their investment.
  • Created in 2015 in Cape Town by Andrew Watkins-Ball, the company, which specializes in savings, loans and insurance for people and small businesses far from the traditional banking system, has raised $55 million (50 million euro) in debt and venture capital from the American bank.
  • The company has raised nearly $146 million since its creation from renowned players such as Google, which integrated Jumo into its accelerator in May 2017, the Mastercard foundation, development institutions such as Finnfund and Proparco (the private branch of the French Development Agency).
  • ...9 more annotations...
  • Goldman Sachs cash confirms Jumo as fintech heavyweight
  • By entering Jumo's final $55 million round of financing, the US bank Goldman Sachs is raising the South African fintech's profile
    • mehdibella
      mehdibella on 13 Feb 21
       
      the company has taken millions of dollars to secure the continuation of this project
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners.
    • mehdibella
      mehdibella on 13 Feb 21
       
      it made a lot of partnerships arround many companies that would make transactions easier
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
  • Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
    • ghtazi
      ghtazi on 13 Feb 21
       
      this is once again a smart move from jumo, they diversify their activity, which can be more than benefic for them.
  • Jumo is already active in Ghana, Kenya, Pakistan, Tanzania, Uganda, and Zambia and has representation in Cape Town, New Delhi, London, Mumbai, Nairobi, Porto, and Singapore, where its founder is now based.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt introduces us to the geographical scope of Jumo, which appears to be pretty large (in Africa and Asia).
  • By 2019, the start-up, claimed to have provided more than $bn in loans to 15 million customers, and to employ 300 people across 11 countries.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it gives us a measurement of how active Jumo is in providing customers with loans (one of their products). It also gives us an idea about the size of the company (300 employees accross 11 countries).
  • Jumo is connected to continental telecom operators such as Tigo, Airtel, and MTN as well as traditional banks such as Letshego in Ghana and Barclays in Zambia, to integrate its offers with those of its partners. Since 2018, the start-up has partnered with Uber in Nairobi to provide drivers with access to loans for the purchase of cars based on their rating and with flexible repayment options.
  • With this new round of financing — its fourth since April 2018 — the company, which targets emerging markets and is part of the very select club of African start-ups active beyond the continent’s borders, now intends to conquer Côte d’Ivoire, Nigeria, as well as Bangladesh and India
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this countries can bring new options to jumo, not only new customers but also new services. These new entrances can bring to Jumo high revenues as well
  • hichamachir on 12 Feb 21
     
    JUMO is opting for a good strategy which is doing a partnership with Google. Partnerships with giant companies like google are always beneficial because they offer you great technology and a big capital to improve your business.
  • mohammed_ab on 13 Feb 21
     
    I like the way JUMO chose its partners in the telecommunication industry. Partnering with MTN that is the first telecom operator in Africa and also a big fintech advocate is a good decision for JUMO to grow.
mehdibella

South African lending startup Jumo raises $12.5 million - 0 views

www.finextra.com/...tartup-jumo-raises-125-million

Jumo Fintech finance SouthAfrica

shared by mehdibella on 11 Feb 21 - No Cached
  • CEO of Jumo, Andrew Watkins-Ball, comments: “We have a proven business model, evidenced in the strategic partnerships we have built with forward-thinking banks, mobile money operators and partners like Uber."
  • Since launch in 2014, more than 10 million people have saved or borrowed on the Jumo platform, with nearly 70% of these being micro and small business owners across Africa and Asia. To date, the company has originated almost US$1 billion in loans and maintained savings growth of over 50% month-on-month on its platform, which manages over 45 million customer interactions per month.
  • South African lending startup Jumo raises $12.5 million
  • ...2 more annotations...
  • Jumo currently has offices in Kenya, Uganda, Tanzania, Ghana, Zambia, Pakistan, United Kingdom, Singapore and South Africa. It set up its Asia Pacific headquarters in Singapore earlier in the year and has plans to enter several new Asian markets in 2019.
  • Since launch in 2014, more than 10 million people have saved or borrowed on the Jumo platform, with nearly 70% of these being micro and small business owners across Africa and Asia. To date, the company has originated almost US$1 billion in loans and maintained savings growth of over 50% month-on-month on its platform, which manages over 45 million customer interactions per month.
    • mehdibella
      mehdibella on 13 Feb 21
       
      JUMO secured another funding round of US$55 million to support market and product expansion.
  • samielbaqqali on 11 Feb 21
     
    The business model is one of the bases of a company success, and making a partnership with a brand name like Uber would increase the number of customers.
  • chaimaa-rachid on 12 Feb 21
     
    Through this article, we notice a lot of people have used the JUMO platform and they are happy with it. The company is ready to enter many new Asian markets since it has been successful in different countries.
mehdibella

South African fintech startup Jumo raises second $50M+ VC round | TechCrunch - 0 views

techcrunch.com/...umo-raises-second-50m-vc-round

Jumo Fintech finance SouthAfrica

shared by mehdibella on 12 Feb 21 - No Cached
  • South African fintech startup Jumo closed a $55 million round from a diverse group of investors, the company confirmed.
  • Nigeria, in particular, has become Africa’s unofficial capital for fintech development, surpassing Kenya in 2019 for drawing the most fintech specific and overall VC on the continent
  • Jumo joins a growing list of African digital-finance startups raising big money from outside investors and expanding abroad.
  • ...4 more annotations...
  • Jumo is active in six markets and plans to expand to two new countries in Africa (Nigeria and Ivory Coast) and two in Asia (Bangladesh and India).
    • mehdibella
      mehdibella on 13 Feb 21
       
      Jumo joins a growing list of African digital-finance startups raising big money from outside investors and expanding abroad.
  • “I’m excited for our next phase. This backing will help us build a better business and break new ground,” Jumo founder Andrew Watkins-Ball said.
    • ghtazi
      ghtazi on 13 Feb 21
       
      the company has closed around 55 million USD from many investors, which will help the company to expand its products and reach new objectives
  • Founded in 2015 and based in Cape Town, the venture offers a full tech stack for partners to build savings, lending, and insurance products for customers in emerging markets.This week’s funding follows a $52 million raise by Jumo in 2018, led by U.S. investment bank Goldman Sachs, that saw the startup expand to Asia.“This fresh investment comes from new and existing…investors including Goldman Sachs, Odey Asset Management and LeapFrog Investments,” Jumo said in a statement —  though Goldman told TechCrunch its participation in this week’s round isn’t confirmed.After the latest haul, Jumo has raised $146 million in capital, according to Crunchbase.With its latest raise, the company plans to move into new markets and launch new products in Asia and Africa.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it describes first what Jumo proposes as product/services offerings. Thereafter, it tackles the history of funding secured by Jumo in addition to the list of investors that support the company. Finally, the excerpt explains how Jumo intends on investing the money raised, namely expansion in new markets in Asia and Africa in addition to the launch of new products.
  • Nigeria, in particular, has become Africa’s unofficial capital for fintech development, surpassing Kenya in 2019 for drawing the most fintech specific and overall VC on the continent
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows us how jumo expending not only in Africa but also in Asia making fintech grow all over the world
  • hichamachir on 12 Feb 21
     
    JUMO is attracting investors and that means JUMO is doing a great job. Investors are believing in this business and they want to be part of it. That's what happens when you believe in an idea and work hard to improve it.
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

AgroCenta : empowering smallholder farmers in Africa through technology and innovations - 0 views

startup.info/agrocenta

ghana Fintech Agrocenta

shared by mehdibella on 08 Feb 21 - No Cached
  •  AgroCenta’s main competitors are Esoko (www.esoko.com), FarmerLine (www.farmerline.co) and Farm Radio (www.farmradio.org). These 3 competitors are “information-based” only, delivering market prices, weather information and extension advisory services via SMS to farmers.
    • aminej
      aminej on 08 Feb 21
       
      Some of the main competitors of AgroCenta's are Esoko , FarmerLine and Farm Radio. These 3 competitors are not really competitors because they do not provide the same services. These competitors are more "information-based" only, delivering market prices, weather information and extension advisory services via SMS to farmers.
  • AgroCenta came about when both co-founders identified the missing gap in the post harvest value chain, that is access to market for smallholder farmers. This gap gave way to exploitative buying from middlemen at the disadvantage to the smallholder farmer.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is important because it shows the need that AgroCenta founders identified in Ghana, and thus reflects the company's reason for existing.
  • AgroCenta’s core services are AgroTrade : Which is a sales platform that connects smallholder farmer directly to a larger market to trade fairly. AgroTrade matches smallholder farmers in rural areas to small, medium and large buyers in the urban areas. TrucKR : TruckR is the on-demand trucks & logistics aspect of AgroCenta where farmers can book for truck delivery services to cart their commodities from farms to markets just at a click of a button AgroInfo : Real time weather, market prices and extension advisory services are delivered via SMS and voice solutions to smallholder farmers using mobile technologies AgroPay : AgroPay is the financial inclusion platform for smallholder farmers where farmers in rural areas, without bank accounts, receive payments for goods and services via mobile money technologies.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is important because one can identify the different products and services proposed by the firm.
  • ...7 more annotations...
  • AgroTrade : Which is a sales platform that connects smallholder farmer directly to a larger market to trade fairly. AgroTrade matches smallholder farmers in rural areas to small, medium and large buyers in the urban areas.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      I find this concept beneficial for all farmers because they will be able to have more direct access to larger markets. This way they could earn more and interact more.
  • Francis Obirikorang is the CEO/Co-founder of AgroCenta and Michael Ocansey is the CTO/Co-founder of AgroCenta. Francis and Michael are both ex-employees of Esoko, one of the largest market information platforms in Africa for smallholder farmers.
  • AgroCenta’s success factor is the elimination of the exploitative buying approach from the post harvest value chain, and putting the smallholder farmer at a pivotal position where they are able to sell their commodities to interested buyers fairly, generate enough income and become financially independent
    • mehdibella
      mehdibella on 13 Feb 21
       
      AgroCenta provides the "last mile" approach for the smallholder farmers, going a step further to help farmers sell competitively after the get market information only from existing e-agriculture products on the market.
  • AgroCenta’s core services are
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      AgroCenta's services include: -AgroTrade: platform connecting farmers to markets and promoting fair trade. -TrucKR: farmers can have access to transportation through this platform. - AgroInfo: platform that gives useful insights to farmers (weather, market prices) - AgroPay: a platform for financial inclusion, giving small and underbanked farmers the possibility to receive payments via their mobile.
  • AgroPay is the financial inclusion platform for smallholder farmers where farmers in rural areas, without bank accounts, receive payments for goods and services via mobile money technologies.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      It is a good service because it is a good alternative for smallholders farmers to receive secure payments even without owning a bank account
  • AgroCenta provides the “last mile” approach for the smallholder farmers, going a step further to help farmers sell competitively after the get market information only from existing e-agriculture products on the market.
    • ghtazi
      ghtazi on 13 Feb 21
       
      AgroCenta gives smallholder farmers the "last mile" solution, moving a step further to help farmers sell competitively after only collecting demand knowledge from existing e-agricultural products on the market.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      It is a good service because it is a good way for farmers, even without getting a bank account, to get safe payments  This idea is great for all producers, so they will have direct access to bigger markets more effectively. They will gain more and engage with more.
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