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chaimaa-rachid

Women | Kiva - 0 views

www.kiva.org/...women

women support wordwide

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • Worldwide, women have much less economic opportunity, security, and freedom. Support women starting their own businesses, going to school, and investing in the health of their communities and families.
  • chaimaa-rachid on 13 Feb 21
     
    I love the way Kiva thought about helping women. Most of the time, women have difficulty obtaining contractual loans to start their own projects.
hibaerrai

WorldRemit Announces Winners in Canada of Holiday Season Promotion to Help Filipino Ben... - 0 views

finance.yahoo.com/...-canada-holiday-094300833.html

WorldRemit Algeria Remittance E-payments Fintech

shared by hibaerrai on 13 Feb 21 - No Cached
  • We’re so pleased to give recipients this great opportunity to start a business that will help them to support their families and become more financially stable. The franchisees have the option to expand these businesses and potentially create job opportunities for members of the wider community. This underlines our commitment to helping Overseas Filipino Workers to support those dearest to them back home," said Earl Melivo, Country Director for the Philippines at WorldRemit.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit goes beyond remittances and e-payments and create opportunities for customers to start their own businesses. I believe that this is amazing and it encourages individuals to come up with new ideas. It will also increase the fintech's popularity and attract new customers.
hibaerrai

WorldRemit Identifies Top 20 Migrant Moments of 2020 | Business Wire - 0 views

www.businesswire.com/...Top-20-Migrant-Moments-of-2020

shared by hibaerrai on 13 Feb 21 - No Cached
  • WorldRemit has compiled this list to bring attention to all those who have managed to make a positive difference during this exceptionally challenging year. The company aims to support migrant communities as well as their family and friends every day, whilst celebrating their many successes throughout the year, and for many years to come.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit makes sure to set that international brand image which supports all individuals around the world. It celebrates national days, international days, and migrant communities which increase financial inclusion among them.
  • WorldRemit celebrated Philippine Independence Day by highlighting the many achievements of the Filipino diaspora which included one of the youngest ever recipients of the Royal Bank of Canada’s Top 25 Canadian Immigrant Award.
mehdibella

DabaDoc and Axa Insurance Morocco announce partnership to support patients and health p... - 0 views

magnitt.com/...and-health-professionals-35152

Fintech finance Morocco Dabadoc

shared by mehdibella on 11 Feb 21 - No Cached
  • Zineb Drissi-Kaitouni, CEO and Co-Founder of DabaDoc said, “We are at the inception of a disruption in the way healthcare is delivered. Having AXA as a shareholder adds an important dimension to our mission of democratizing access to healthcare. We are excited about further growth prospects with this partnership and the expertise provided by AXA in our current and future markets."Philippe Rocard, CEO of AXA Insurance Morocco said, "In the midst of a digital revolution in Morocco, customer expectations are rapidly evolving. AXA is therefore committed to transforming its role of indemnity payer into a partner facilitating the lives of its customers thanks to its services. As such, we are happy to contribute to the growth of DabaDoc, an amazing Moroccan startup. DabaDoc offers innovative services in the healthcare space, especially by facilitating patient journeys.”
    • samiatazi
      samiatazi on 11 Feb 21
       
      I think that cooperation between AXA Assurance and Dabadoc on a totally digitalized basis made a great output that positively impacted the Moroccan citizen and enhanced the Moroccan startups perception. Hence, we can easily perceive these results in the real World.
  • • The capital raise will help enhance the company’s footprint in its existing geographies and further develop its offering
  • • Agreement signed on 12 September 2018 introducing Axa as DabaDoc’s first institutional shareholder
  • ...1 more annotation...
  • Zineb Drissi-Kaitouni, CEO and Co-Founder of DabaDoc said, “We are at the inception of a disruption in the way healthcare is delivered. Having AXA as a shareholder adds an important dimension to our mission of democratizing access to healthcare. We are excited about further growth prospects with this partnership and the expertise provided by AXA in our current and future markets."
hindelquarrouti

WorldRemit Review, Rates & Fees 2021 | Save Today | MoneyTransfers.com - 2 views

moneytransfers.com/...worldremit

Worldremit Money Transfer Fintech

shared by hindelquarrouti on 09 Feb 21 - No Cached
  • WorldRemit, like other money transfer companies, has its upsides and downsides. However, based on customer experience and forum reviews, the pros outweigh the cons. Pros Easy to Use -It takes approximately 5 minutes to sign up for an account on WorldRemit and make a transfer.Extensive Global Reach -You can send money to 150 countries on the WorldRemit platform. Irrespective of where your loved ones are, you can rely on WorldRemit to deliver the money to them in 30,000+ agent locations globally.Reasonable Fees -Compared to other money transfer services, WorldRemit charges fair transfer fees. It allows you to independently handle third party fees thereby, giving you control of your transfer.Flexible Payment Options-You can choose to pay for your transfer using a credit card, a debit card or a bank transfer.Multiple Delivery Channels-The beneficiary can receive money through bank deposits, cash pickup or mobile money.
  • Founded in 2010 in the United Kingdom by Ismail Ahmed, an economics student at the University of London, WorldRemit has grown its geographical coverage quite fast. You can now send to 150 countries around the world with thousands of well-placed payout locations. However, the company still has ground to cover in terms of partnerships with financial institutions and mobile money companies to strengthen its global footprint.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      WorldRemit is a good example of how a digitalized service should be quick and effective. The versatility of the service lets us realize that digitalization is in safe hands for the future, even though, of course, there is still a way to enhance the service.
  • WorldRemit is an online money transfer service that allows people to transfer money to their families in a secure, fast and affordable way.
  • ...1 more annotation...
  • Sending money to Somaliland Ismail’s home country was difficult. Most money transfer companies and banks charged exorbitant rates and took longer to complete transfers. Convinced that technology would help cut transaction costs and send money faster, Ismail started WorldRemit. General Payment Options Supported Currencies Support
  • hichamachir on 10 Feb 21
     
    I believe that WorldRemit is a good example of how fast and efficient a digitalized service should be. The flexibility of the service makes us understand that the future is in safe hands with digitalization even though there's always a way to improve the service of course.
  • hindelquarrouti on 13 Feb 21
     
    Worldremit is known for providing its users with affordable money transfers with fees that are often lower than average, yet the transfer is secure affordable and rapid. The main components that made the company successful
kenza_abdelhaq

AgroCenta raises US$ 790k of Pre-Series A Working Capital & Development Funding From Sh... - 0 views

medium.com/...unding-from-shell-7db364912b9f

AgroCenta Ghana Specialized financing

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Francis Obirikorang, AgroCenta’s CEO and Co-Founder Michael Ocansey highlight the importance and criticality of this investment: “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. 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”.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it highlights how the investments received by AgroCenta from investors and partners (UK charity Shell Foundation, the UK's Foreign, Commonwealth and Development Office (FCDO), AV Ventures and Rabo Foundation) helped the company mitigate the impact of the covid-19 pandemic, and allowed for its operations to continue and frow.
  • This funding, secured from UK charity Shell Foundation, the UK’s Foreign, Commonwealth and Development Office (FCDO), AV Ventures and Rabo Foundation, will enable AgroCenta to further develop its smallholder farmer inclusion programmes and procure crops at transparent and fair market prices to service offtake contracts.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Agrocenta receives funding from diverse global institutions in order to invest in its inclusion programs.
  • In addition, lacking adequate infrastructure, logistics and transportation also limits their access to larger urban markets, where they could obtain much better pricing for their crops. Furthermore, the lack of basic data that enables KYC (Know Your Customer) and a limited or non-existent credit history means that smallholders have very limited access to finance. This prevents them from being able to utilise all of their land for growing crops or forces them to resort to using lower quality inputs — leading to stagnation at the bottom of the pyramid.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      AgroCenta doesn't only help smallholder farmers to have access to markets and financing, but it also supports them with logistics, transportation, and infrastructure.
kenza_abdelhaq

Spot Money taps into multibank contactless payment trend - 0 views

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

SnapScan South Africa Payments expansion

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

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.
nouhaila_zaki

A Global Success from Kenya - Banking - Credit Suisse - 0 views

web.archive.org/...global-success-from-kenya.html

M-Pesa Kenya Story Scope

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • It is no exaggeration to say that Kenya's economy depends on M-Pesa. According to the Central Bank of Kenya, the value of all transactions between June 2013 and June 2014 represented 39 percent of the country's GDP. M-Pesa moves more than one billion Swiss francs per year, and in fiscal year 2014 it earned the parent company 268 million francs, an increase of 21.6 percent over the previous year.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it highlights the role of M-Pesa as the backbone of the Kenyan economy, without which it may collapse.
  • It all started eight years ago – because of the family members who stayed home. As in most countries in sub-Saharan Africa, most of Kenya's population are farmers who live on the land. Young people in search of an education and jobs are drawn to the cities. If those earning money in the city wanted to support their parents financially, they long had to rely on uncertain and risky methods. They could send cash with a neighbor or a bus driver who happened to be driving through their village. Or they could send a postal money order, but that could take weeks, often failed to arrive, and in any case was possible only if the recipient had a post office box. This was about as unlikely as having a bank account.At the time, in 2007, several million Kenyans owned a cell phone with a Safaricom number. Then this phone number essentially became a virtual bank account number. Starting in March of that year, Safaricom customers could upload money to their cell phone and send it to other Safaricom customers. It arrived within minutes, and the recipient was informed with a text message. The money could be forwarded or received as cash from an M-Pesa agent.Two weeks after introducing the service, Safaricom had nearly 20,000 active M-Pesa users. After seven months, there were one million. Today,  20 million customers in Kenya are registered. More than 83,000 agents in cities and rural areas assist customers in uploading, sending and receiving money. Rural Kenyans with no banking options leaped from the agricultural age straight into the digital tomorrow.And transferring money from one cell phone to another was only the start. Today, users can pay their electricity and water bills, get cash from an ATM, buy airline tickets, add phone time, buy concert tickets, pay the taxi driver or butcher and take out a small loan, perhaps to purchase a solar panel that brings electricity to their home for the first time. 
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is excellent at narrating how the idea of M-Pesa came to be. Indeed, the founders observed that when young people living in cities wanted to financially support their parents who are still in the countryside, they had to rely on risky and lengthy methods. Also, the founders observed that several million Kenyans owned a cellphone with a Safaricom number. Hence, they decided that this phone number would become a virtual bank account number to which Safaricom customers could upload money and send it to other Safaricom customers. Today, transferring money is not the only thing M-Pesa provides, since user can now pay their electricity and water bills, retrieve cash from ATMs, buy airline tickets, add phone time, buy concert tickets, pay taxi drivers or butchers or take loans, or even purchase a solar panel to bring electricity at home for the first time.
ghtazi

Mukuru Groceries enables people in SA to support Zimbabweans in need - 0 views

www.bizcommunity.com/...204054.html

Service Offering Customers

shared by ghtazi on 13 Feb 21 - No Cached
  • African remittance provider Mukuru has launched a grocery service that will give foreign national workers living in South Africa, as well as any South Africa-based customer, the ability to send groceries to families and communities in Zimbabwe.
  • As one of the largest money transfer operators on the continent, the grocery service represents an extension of the company’s existing offering. At a time when many Zimbabweans are struggling to obtain basic commodities, Mukuru Groceries aims to help ensure that families are provided for and given the best chance to remain healthy throughout the crisis period.
  • “In addition to price fluctuations for basic goods, people also face the uncertainty of whether certain goods will be available - as many Zimbabwean retailers have struggled to replenish stock,” adds Jury. “By enabling South Africa-based workers to pay for a pre-agreed basket of goods for families in Zimbabwe, we are removing these uncertainties and providing families with peace of mind during this immensely tough period.”
  • ...3 more annotations...
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      These excerpts reflect how Mukuru managed to adapt to the changing circumstances during the covid-19 pandemic. By launching the Mukuru Groceries service, the company enabled poeple from South Africa (most probably Zimbabwe immigrants) to buy groceries for people in Zimbabwe (most probably their families). This reflects the capacity of adaptation and strong network that Mukuru enjoys.
  • Existing Mukuru customers will not be required to register for the grocery service, they will simply follow the same process on USSD and WhatsApp to create an order and pay at any Mukuru pay-in partner using a payment reference (similar to the cash order reference).
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      it is a good and easy solution for customers that are not expertized in using smartphones, so the procedure can be easy for them.
  • We have listened carefully to what our customers are asking for, and we have innovated and added to our service offering to make sure that Zimbabwean families receive the resources and support that they so desperately need right now,” says Andy Jury, CEO, Mukuru.
    • ghtazi
      ghtazi on 13 Feb 21
       
      I think it is a good thing that Mukuru tries to put itself in the customer's shoes because it will be only beneficial for the company, and will help them to have a "closure" connection to their customers.
mehdibella

IFC and Fawry Help Extend Financial Services across Egypt - 0 views

pressroom.ifc.org/...PressDetail.aspx

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • IFC and Fawry Help Extend Financial Services across Egypt
  • The $6 million investment will help Fawry, a local company, extend its network of payment terminals across Egypt, a country heavily reliant on cumbersome cash transactions. That is expected to help consumers pay bills and make it easier for businesses to receive payments, stoking commerce and economic growth.
  • The investment is also designed to help restore investor confidence in Egypt and create jobs in its burgeoning high-tech sector.
  • ...1 more annotation...
  • The company has more than 20,000 payment locations, including retail stores, post offices, and the ATMs of 10 commercial banks. With IFC’s support, Fawry is planning to increase its number of payment locations to 35,000 by 2016. The investment is part of IFC’s efforts to catalyze foreign investment in Egypt, support the private sector, and drive job creation. In the 2012 fiscal year, IFC committed $506 million to seven local projects, a figure that includes $125 million mobilized from other investors. IFC has over $1 billion invested in the country.
mehdi-ezzaoui

Pricing Decisions of FinTech Firms by Michael Neubert :: SSRN - 0 views

papers.ssrn.com/...papers.cfm

Fintech pricng firms

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • The purpose of this study is to analyze the pricing strategies of French FinTech Firms (FFFs) using quantitative descriptive and correlational research methods. Based on a representative sample of 246 FFF, the study provided consistent support for the hypotheses, which argues that FFFs with high price-setting power may implement a combination of the price-setting strategy (PSS) “skimming” and the price-setting practice (PSP) “value-informed”. FFFs applying “market-based” PSSs tend to use “competition-informed” PSP preferring “pay-per-use” price-setting model (PSM). Whilst FFFs who apply “penetration” PSS tend to use “cost-informed” PSP and “pay-per-use” PSM. The findings support founders and senior management in their pricing decisions. This paper contributes to the existing literature on pricing strategies of early-stage high-tech companies. There is a need for further research about the change of pricing strategies during the lifecycle of a firm using for example a longitudinal quantitative study.
  • mehdi-ezzaoui on 13 Feb 21
     
    pricing strategy
mohammed_ab

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

www.belatrixsf.com/...creating-strategy-fintech

Fintech Strategy M-Pesa Alliances

shared by mohammed_ab on 13 Feb 21 - No Cached
  • 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.
  • ...7 more annotations...
  • 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
      samiatazi on 13 Feb 21
       
      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
      sawsanenn on 13 Feb 21
       
      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
      ghtazi on 13 Feb 21
       
      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.
  • mohammed_ab on 13 Feb 21
     
    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.
hibaerrai

ESA - ESA satellites help Kenyan farmers access loans - 0 views

www.esa.int/...lp_Kenyan_farmers_access_loans

FarmDrive Agritech Kenya E-payments Data

shared by hibaerrai on 13 Feb 21 - No Cached
  • Two thirds of the African population work in agriculture, yet just 1% of commercial loans go to the sector, and very few of these are allocated to smallholder farmers. Kenyan company FarmDrive is using data from ESA's Food Security Thematic Exploitation Platform (TEP) to help smallholder farmers access the funds they need.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      FarmDrive big data is generated using developed platforms that support sustainable agriculture. The whole system is well supervised, and all the decisioning tools employed support the community, and that will definitely increase its customer base in the next years.
aminej

What is the relationship between SatrixNOW and EasyEquities? : Satrix Now - 0 views

support.satrixnow.co.za/...en-satrixnow-and-easyequities-

Shares Profit Fintech Platform Service Mobile Trading Investing

shared by aminej on 13 Feb 21 - No Cached
  • The EasyEquities platform is powered by First World Trader ("FWT"), meaning it runs on FWT's core infrastructure, but it is a simplified offering in terms of the user interface and the investment offering is designed to keep costs to a minimum and the process intuitive and easy.
    • aminej
      aminej on 13 Feb 21
       
      It is so smart from EasyEquities owners how they have managed to keep cost very low in order to be able to make profit. For me I believe it is the most important aspect to think about when you want to open your business.
mohammed_ab

Pula Secures Funding from Global Investors to Support Smallholder Farmers in Africa and... - 0 views

www.accion.org/rmers-in-africa-and-south-asia

Pula Agriculture Insurance Weather Risk

shared by mohammed_ab on 10 Feb 21 - No Cached
  • At Pula, we are radically restructuring agricultural insurance, using technology to insure the previously unbanked, uninsured, untapped market of 1.5 billion smallholders worldwide. We work in nine countries across Africa and Asia, and in 2017 alone, we facilitated crop and livestock insurance cover to 611,000 farmers in Kenya, Rwanda, Uganda, Nigeria, Ethiopia and Malawi.
    • nourserghini
      nourserghini on 10 Feb 21
       
      Pula serves many African countries such as Ethiopia, Kenya, Rwanda, Uganda, Nigeria and Malawi.
  • Pula uses satellite data and farm yield measurements to understand how weather patterns affect a smallholder farmer’s yield, and uses this information to automate compensation in case of loss. The company also provides farmers with targeted agronomic advice via SMS messaging, helping them grow more from their existing landholdings.
  • Insurtech startup Pula announced today that it has closed a seed funding round to advance its efforts to provide insurance to smallholder farmers in Africa and South Asia.
  • ...1 more annotation...
  • This injection of funds will enable Pula to invest further in its technology platform and service offerings.
  • hichamachir on 12 Feb 21
     
    I like the way Pula uses the latest technology in order to understand the weather and the possible problems that farmers might find. This is a very good strategy because farmers feel that Pula is doing its best to deliver the best insurance possible for them.
  • mohammed_ab on 13 Feb 21
     
    This excerpt shows that Pula has secured new funding to invest more in its technology. This is good news for its customers as they will benefit from better technology and more product offerings.
mohammed_ab

Mastercard invests $3m in African financial inclusion - FinTech Futures - 0 views

www.fintechfutures.com/...in-african-financial-inclusion

Pula Financial inclusion Insurtech Africa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • The Mastercard Foundation Fund for Rural Prosperity (FRP) is investing $2.8 million in three companies from Burundi, Malawi, and Uganda to support projects that expand financial inclusion in rural Africa.
  • The three companies, Prothem Usine, Pula Advisors, and Enviu BV, were selected from among 195 firms that submitted applications to the third phase of the Fund’s 2017/2018 rolling competition. This competition is an effort to find and support scalable financial products and services for rural areas of Africa.
  • mohammed_ab on 13 Feb 21
     
    The fact that Pula won a funding competition organized by Mastercard FRP where 195 companies were competing for shows the potential the company has. I think that Mastercard understood that Pula is one of the greatest fintech solutions that could expand financial inclusion in Africa.
hindelquarrouti

WorldRemit review 2021: Complaints, fees, rates | finder.com - 2 views

www.finder.com/-international-money-transfers

worldremit Benefits fintech

shared by hindelquarrouti on 11 Feb 21 - No Cached
  • What to watch out forMaximum daily limits. Transaction limits depend on how you are sending the money, while a total 24-hour cap of $9,000 applies to all transactions being sent by you out of the US.Changing fees. Depending on where you are sending to, how you are paying and how you are transferring money, your fees may vary. Although a base fee of $3.99 is applied to most transfers, keep an eye on this category when actually completing your transfer to make sure it doesn’t change.No hedging options. WorldRemit only offers one-off transfers, unlike some of its competitors that offer additional tools to help you save money. Hedging tools are most often used to lock in an exchange rate, helping you save money on future transfers if the market shifts against your position.Inconsistent markups. Exchange rates vary through WorldRemit and depend not only on the currency you are sending to but also on the destination country. Expect mid-market markups anywhere from 1-4%.
  • Easy-to-use website. Signing up and sending money can be done in as little as a few minutes, and support can be accessed through phone, email, live chat and FAQs.Worldwide network. Customers in more than 50 countries can send funds to over 150 countries using a variety of methods, including bank transfers, cash pickup at thousands of locations, door-to-door delivery, delivery to services like Alipay and more.Flexible payment options. Pay with a credit or debit card, from your bank account, through Apple or Google Pay and even with prepaid cards.Fast transfers. Cash pickups, WorldRemit Wallet transfers and airtime top-ups are typically available instantly after sending, while mobile money and bank deposits may take one or more business days to process.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      The boundaries of WorldRemit services are discussed in this article. Every service has its limits, so the company has to focus on this aspect to strengthen its services by asking the service users for feedback.
  • Cash pickups, WorldRemit Wallet transfers and airtime top-ups are typically available instantly after sending, while mobile money and bank deposits may take one or more business days to process.
  • ...2 more annotations...
  • WorldRemit transfers can be sent from over 50 countries and received in over 150 countries.
  • WorldRemit uses many methods to protect your transaction and is authorized and regulated by many government agencies.
  • hichamachir on 11 Feb 21
     
    This article talks about the limits of WorldRemit services. I think that every service got its limits so the company has to work on this aspect in order to improve its services by asking about feedback for the service users.
  • hindelquarrouti on 13 Feb 21
     
    Besides aiming for financial inclusion, Worldremit offers a lot of benefit to its client since it is easy to use, as well as, it is a worldwide network with flexible payment options and fast transfers that are not available in traditional banking. This has created a competitive advantage for the company
hibaerrai

AgroCenta: Empowering and supporting smallholder farmers through technology and innovat... - 0 views

stisolutions4sdgs.globalinnovationexchange.org/...farmers-through-technology-and

AgroCenta Agritech Fintech Ghana Africa Loans Agrotrade

shared by hibaerrai on 13 Feb 21 - No Cached
  • AgroCenta provides an end-to-end solution for smallholder farmers in the post-harvest value chain from farm to market, leveraging on technology to create impact. AgroCenta's services include a market linkage platform (AgroTrade) linking farmers directly to buyers and removing exploitative buying, TruckR which is an on-demand trucks and logistics services (uber for trucks), AgroPay which is a financial inclusion plaform for the rural unbanked smallholder farmer.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Agrotrade is a smart initiative and a great platform because farmers won't need to travel or have any contact with the buyer or seller, and in the time of Covid-19, it is beneficial.
hibaerrai

Egypt startup receives first new brokerage license in the country in over a decade - - 0 views

ventureburn.com/...n-the-country-in-over-a-decade

Thndr Egypt Fintech Investment Securities

shared by hibaerrai on 13 Feb 21 - No Cached
  • Thndr recently acquired the necessary licensing from the Financial Regulatory Authority (FRA) making the fast-growing startup the first company to acquire a brokerage license in Egypt since 2008. 
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      The reason behind this big achievement, in my opinion, is Thndr's focus and consideration to the local nuances and preferences of the Egyptian investor in mind.
  • “ Our vision is to put wealth in the hands of everyday individuals. With the rise of technology, and the foresight of a very supportive Financial Regulatory Authority, we can make this vision come to life — Egypt is expected to be the 7th largest economy by 2030 and has more than 100 mn people, most of which are young and are looking for a convenient and digital way to invest their money. That’s why we are excited to bring a new breed of young investors to the market.” 
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      This concept is first introduced by Thndr in Egypt to support young investors and encourage them to be more interested in financial activities. This application is innovative.
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