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Contents contributed and discussions participated by mohammed_ab

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mohammed_ab

Banks and Fintech Companies: Friends or Foes? Pt. 3 - Fawry as a Case Study - WAYA - 0 views

waya.media/oes-pt-3-fawry-as-a-case-study

Fawry Egypt Mobile Payment Fintech

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Fawry is Egypt’s first and largest electronic payment network established in 2008, offering financial services to consumers and businesses through a variety of channels nationwide, Fawry services include but are not limited to electronic bill presentment and payment, alternative digital payments, omnichannel acceptance, supply chain payments, agent banking services, digital SME lending and other varieties of digital solutions for banks, billers and merchants.
  • mohammed_ab on 13 Feb 21
     
    This excerpt highlights that Fawry is not only an electronic bill payment platform. A lot of people think that the company only offers bill payment services, and went famous for this service, however, the company expanded its product offerings to other fintech solutions like digital lending.
mohammed_ab

Fawry Banking & Payment Technology Services Company Profile: Stock Performance & Earnin... - 0 views

pitchbook.com/...56067-04

Fawry Egypt Mobile Payment Fintech

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Fawry For Banking Technology And Electronic Payment is engaged in providing electronic payment services in Egypt. It offers ways to pay bills and other services in multiple channels like online, using ATMs, mobile wallets and retail points. The firm's network of retailers includes small groceries, pharmacies, stationary, and post-offices among others.
  • mohammed_ab on 13 Feb 21
     
    Fawry has been able to solve the issue of a lot of people in Egypt, which is spending too much time and effort to pay their monthly bills. I think that approach used by the company to include various services (pharmacies, post-offices) as retail agents is a very smart move that helped the penetration of the platform.
mohammed_ab

SA watches as brokers fight it out - The Mail & Guardian - 0 views

mg.co.za/...atches-as-brokers-fight-it-out

EasyEquities Investech Investment platform Trading South Africa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • One digital financial services provider, EasyEquities, is offering super-cheap prices in the hope of reeling in first-time and younger investors. The company charges 64c for R100 invested. “You won’t find cheaper,” its website claims boldly. In South Africa, that is most certainly true. EasyEquities also requires no minimum investment amount and there are no monthly account fees.
  • mohammed_ab on 13 Feb 21
     
    The competitive advantage of EasqyEquities is its cheap commission fees.
mohammed_ab

EasyEquities working on life insurance for its young clientele - 0 views

theworldnews.net/...urance-for-its-young-clientele

EasyEquities Investech Investment platform Trading South Africa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • EasyEquities, one of SA's biggest online share-buying platforms, has set its sights on disrupting the traditional life insurance sector, with plans in the next 18 months to launch a new product aimed at its young customer base.Charles Savage, CEO of JSE-listed Purple Group, which owns 70% of EasyEquities, said the group realised there was a gap in the market after its annual customer survey found most of its subscribers were underinsured.
  • mohammed_ab on 13 Feb 21
     
    I believe that this is a smart move from EasyEquities. The majority of brokers and investment platforms don't really care about the performance of their customers as long as those customers are making transactions. Offering an insurance product to its young customer base will increase its customer loyalty along with a new revenue stream.
mohammed_ab

Sanlam to acquire 30% of EasyEquities - liquidafrica - 0 views

www.liquidafrica.com/-to-acquire-30-of-easyequities

EasyEquities Investech Investment platform Trading South Africa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Purple Group and Sanlam Investment Holdings (SIH), a wholly owned subsidiary of Sanlam Limited, have announced that SIH has entered into agreements to acquire a 30% stake in First World Trader Proprietary Limited, trading as EasyEquities.
  • Says Charles Savage, CEO of Purple Group, “The EasyEquities transaction with Sanlam Investments provides our fintech winner with added capital, skills and the ability to continue on the path we’re on – aggressive growth in client numbers, products on the site for client benefit and a way for all South Africans to access the financial markets – in South Africa and excitingly also in the US. We also look forward to announcing our international growth plans where the collaboration with Sanlam Investments provides invaluable insights, guidance and access to various jurisdictions.”
  • mohammed_ab on 13 Feb 21
     
    This article shows the benefits of this acquisition operation between Sanlam and EasyEquities. With this acquisition, EasyEquities will benefit from financial and operational synergies that could boost the growth of the company.
mohammed_ab

Beyond mobile payments: Going up the value chain of fintech in Africa - 0 views

www.brookings.edu/...lue-chain-of-fintech-in-africa

EasyEquities Investech Investment platform Trading South Africa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • EasyEquities in South Africa allows investment in “fractions of shares” (fractional share rights), which reduces barriers like high costs and product complexity, in a variety of products (such as equities and exchange-traded funds) using a low-cost platform.
  • mohammed_ab on 13 Feb 21
     
    EasyEquities is the cheapest and easiest trading platform in South Africa. It gives the possibility to invest in fractional shares in case you don't have a big capital.
mohammed_ab

TechFinancials - South Africa's Reliable Tech News - 0 views

www.techfinancials.co.za/...-through-data-for-easyequities

EasyEquities Investech Investment platform Trading South Africa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • EasyEquities has partnered with Synatic to create data aggregation and data integration components for all the systems it uses to track clients current lifecycle, trading and investment history. The solution gives a comprehensive view of all client activities.
  • Through the platform’s powerful API creation tool, Synatic built a solution that enables EasyEquities to aggregate and display all client information seamlessly even while software updates are being done. Previously this information wasn’t available during updates. It has further helped EasyEquities streamline its loyalty programme
  • mohammed_ab on 13 Feb 21
     
    I think that this partnership with Synatic will help EasyEquities increase their customer satisfaction as they could access all their activity data with convenience.
mohammed_ab

Top step at the MTN App Awards for EasyEquities - CN&CO - 0 views

www.cnandco.com/tn-app-awards-for-easyequities

EasyEquities Investech Investment platform Trading South Africa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • EasyEquities took home first place in the Best Consumer Solution category and walked away with the overall grand prize, as the #MTNAppAwards winners, of an international trip to a tech-related destination valued at R200,000.
  • EasyEquities is one of CN&CO’s founding partners and over last few years they have truly revolutionised access to investing in South Africa. The brand and business continue to develop and offer all South African’s (and now Australians) access to a platform to further their financial freedom through investing in listed equities in SA, the US, ETFs, Unit Trusts, Crypto Currency, and property.
  • mohammed_ab on 13 Feb 21
     
    I think that EasyEquities changed the investing experience in South Africa. It has facilitated access to financial markets being African or European so easy and cheap that it's started to be considered as one best fintech solutions in South Africa.
mohammed_ab

Matchi.biz - EasyEquities talks fintech challenge events - 0 views

matchi.biz/...-fintech-challenge-events.html

EasyEquities Investech Investment platform Trading South Africa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Our goal is to democratise all things investment. We’re approaching our break-even point as a business and we’ve achieved some significant milestones. The first is that we’ve built a valuable brand that is highly trusted and is engaging a new audience in investing – one that is demographically representative of the South African opportunity. Everyone is included, from a 12-year-ols running their own stock portfolios to a 94-year-old previously disadvantaged South African who felt they would never participate in owning shares in this country. It’s been an incredibly rewarding journey.
  • mohammed_ab on 13 Feb 21
     
    I really like the fact that EasyEquities is facilitating and allowing the access to financial markets to different age groups going as low as 12 years old. I once tried online trading, and I can understand the difficulties that people face to find reliable platforms in which you can trade foreign financial instruments.
mohammed_ab

About Us | EasyEquities - 3 views

www.easyequities.co.za/about-us

EasyEquities Investment Platform Trading Fintech

shared by mohammed_ab on 07 Feb 21 - No Cached
  • We’re cheap We’ve jumped though all the legal and technical hoops to deliver you nice-price investing. No minimums, no monthly fees and the super low commissions. Let’s not forget about Fractional Share Rights, which allow you to invest with whatever amount you can afford. You’re welcome.
  • We’re easy You won’t find tricky tech, jargon or complex functionality here. We’ve kept things super simple so that your experience is quick, intuitive and fun.
  • We’re educational Upping your investment know-how or honing your skills is as easy as checking out our blog or FAQs, where we regularly post research, expert opinions and customer stories to help guide you in your journey. We’re also constantly engaging with our community on Twitter, Facebook and YouTube where you can chat to other investors and find helpful videos and tips.
  • ...1 more annotation...
  • We’ve got common purpose We dream big and want to see everyone investing. That means rewriting the rules, breaking away from the norm and creating a culture of empowered savers. Who’s with us?
  • mohammed_ab on 13 Feb 21
     
    I really like the value proposition of Easyequities. They've provided an easy and cheap platform to invest in fractional shares or real shares to African investors.
mohammed_ab

Pula Insurance targets 3.9 million farmers with new Climate Insurance product... - 0 views

nairametrics.com/...-new-climate-insurance-product

Pula Insurtech Africa Farmers

shared by mohammed_ab on 13 Feb 21 - No Cached
  • The new insurance product called Area Yield Index Insurance (AYII) by Pula Insurance will mitigate various risks being faced by smallholder farmers and is expected to cater for 14 million bags of fertilizers, among other insurance products for 3.9 million farmers by next year, and then 19 million farmers by 2025.
  • mohammed_ab on 13 Feb 21
     
    I like this new product that Pula is offering to farmers as it tries to mitigate in one product different risks that farmers are facing. This product is expected to target a huge number of farmers by 2025;
mohammed_ab

Pagan Research! Online B2B Lead Database Intelligence Website - 0 views

paganresearch.io/pula

Pula Insurtech Africa

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  • Pula is at the center of an ecosystem that provides insurance to smallholder farmers and has amassed 50 insurance partners and six reinsurance partners. Its clientele includes the likes of the World Food Programme and Central Bank of Nigeria, as well as the Zambian and Kenyan governments among others.
  • mohammed_ab on 13 Feb 21
     
    Pula has great partners that could help the her become the best insurance company for farmers in the world.
mohammed_ab

It Pays to Be Patient with Fintech Innovation - 0 views

www.cgap.org/...-be-patient-fintech-innovation

Pula Insurtech Financial inclusion Challenges

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mehdi-ezzaoui liked it
  • Our pilot with Pula revealed that most data sets in the countries where Pula works still focus on larger farm sizes, not the very small farms of poorer, vulnerable farmers, which reduces variation in the model. Additionally, if yield data are not available for a long period or across climatic regions, the predictability of the model is further reduced. This innovation holds tremendous promise for inclusion but will need space for experimentation to perfect.
  • mohammed_ab on 13 Feb 21
     
    This article focuses on the two main problems that Pula is facing. First, the company is still working only with farmers who have large farms, and they kind of neglect the poorer and vulnerable farmers. Second, the unavailability of yield data for a long period of time could impact the predictability of the model and therefore gives unreliable results.
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.
mohammed_ab

Pula Partners CGAP to Bring Satellite-Based Agricultural Insurance to 18 Million Nigeri... - 1 views

techmoran.com/...-million-nigerian-smallholders

Pula Partners Fintech Insurance

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Over 2.5 billion of the world’s adults remain unbanked and have no access to formal banking or semiformal microfinance institutions according to a report by McKinsey.
  • Pula Advisors, a fintech firm reimagining agricultural insurance to protect smallholders worldwide, with operations in Kenya, Rwanda, Uganda, Nigeria, Ethiopia and Malawi has partnered with the Consultative Group to Assist the Poor (CGAP) to deploy satellite-based agricultural insurance to smallholder farmers in Nigeria who are estimated to be around 18 million. With the partnership, Pula will install satellite technology to track a wide range of catastrophes cost effectively, at speed and without missing out on any areas.
  • mohammed_ab on 13 Feb 21
     
    This article highlights the partnership between Pula and CGAP, which enabled Pula to use satellites to better study & analyze the lands of farmers. The use of satellites will allow Pula to be very cost-effective and quick in analyzing weather uncertainty.
mohammed_ab

Products and Services - Pula - 0 views

www.pula-advisors.com/products-and-services

Pula Insurance Farmers Africa Fintech

shared by mohammed_ab on 13 Feb 21 - No Cached
  • We design and deliver best in class agriculture index insurance products to protect farmers
  • Pula handles end to end management of the delivery of insurance to farmers, including field operations, farmer onboarding/education and claims assessment and payouts.
  • mohammed_ab on 13 Feb 21
     
    Pula products offerings target African farmers who have difficulties paying for expensive insurance. They act as an intermediary between local insurance and global reinsurance companies and farmers to minimize weather risk on their crops.
mohammed_ab

Kenya's Pula insurtech startup expanding to Asia with $6m funding - Quartz Africa - 1 views

qz.com/...anding-to-asia-with-6m-funding

PULA agri-insurtech Fintech

shared by mohammed_ab on 10 Feb 21 - No Cached
  • Pula will also be expanding to Asia, targeting smallholder farmers as it has in Africa, with a focus on Philippines, Thailand, Turkey, and Pakistan. “What we’ve realized is that African solutions are in no way inferior to Asian, European solutions
  • mohammed_ab on 13 Feb 21
     
    This article explains how Pula is serving millions of African farmers and helping them in increasing their annual yield. The company is planning to expand to the Asian market to diversify its customer base.
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
  • 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.
  • This injection of funds will enable Pula to invest further in its technology platform and service offerings.
  • 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

Kenyan insurtech startup Pula raises $6M Series A to derisk smallholder farmers across ... - 1 views

techcrunch.com/...-series-a-led-by-tlcom-capital

Pula Insurtech Micro Insurance Africa

shared by mohammed_ab on 10 Feb 21 - No Cached
  • Agriculture insurance has traditionally relied on farm business. In the U.S. or Europe with typically large farms, an average insurance premium is $1,000. But in Africa, where smallholding or small-scale farms are the norm, the number stands at an average of $4.It is particularly telling that the value of agricultural insurance premiums in Africa represents less than 1% of the world’s total when the continent has 17% of the world’s arable land. 
  • mohammed_ab on 13 Feb 21
     
    What got my attention in this article is the disparity in insurance prices (premiums) between European and African countries. We see that the premiums for insurance for African farmers are only 1% the price of insurance for European farmers. This shows the big difference in purchasing power between African and European countries.
mohammed_ab

State of play: Fintech in Nigeria - The Economist Intelligence Unit (EIU) - 0 views

eiuperspectives.economist.com/...state-play-fintech-nigeria

MTN Fintech Financial inclusion

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Nigerian fintechs are branching out from payments into lending, micro-investment, wealth management, peer-to-peer transfers and insurance. Payments and remittances are the most developed subsector to date. The country has seen a surge of new and simplified apps to help merchants, businesses and consumers. Mainstream banks, initially slow to react to the digital era, have quickly adapted to offer apps and tools in areas like loans, while non-traditional players—including telecom companies and retailers such as supermarkets—are entering the finance space. 
  • mohammed_ab on 13 Feb 21
     
    I think that this article is very interesting as it shows how Nigerian fintechs are starting to consider more service offerings. It's not just about payment anymore, these Nigerian fintech started to focus more on lending, insurance, and wealth management.
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