Skip to main content

Home/ Groups/ Spring 21 Capstone 640pm
Rss Feed
Sort By: Most Recent | Popular Filter: All | Bookmarks | Topics Simple Middle
ghtazi

AV Ventures Invests in AgroCenta, Supporting Digital and Financial Inclusion of Ghanaia... - 0 views

www.acdivoca.org/...f-ghanaian-smallholder-farmers

Agrocenta COVID19 Security

shared by ghtazi on 12 Feb 21 - No Cached
  • AV Ventures, ACDI/VOCA’s impact investing subsidiary, recently completed its investment in AgroCenta, a technology-driven agricultural platform provider in Ghana. The funding made by AV Ventures is part of a US$790,000 pre-Series A investment round with other participating international institutions, including Shell Foundation, the United Kingdom’s Foreign, Commonwealth and Development Office, and Rabo Foundation, with support from AgroCenta’s strategic advisor, Qbera Capital.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      With the newly secured funding, agrocenta will widen the reach of its smallholder farmer financial inclusion programs
  • The digital services AgroCenta provides along the selected cereals value chain also improve the repayment of loans by smallholder farmers. The services provide farmers with an end market through the offtaking of produce and through facilitating the provision of high-quality agricultural inputs, which maximize their yields and productivity. To date, the average farmer on CropChain has increased their income by 35 percent and their crop yields by 40 percent, while reducing their food waste by 25 percent. AgroCenta has also made strides to promote gender and social inclusion; nearly half of its CropChain users and more than half of its microloan borrowers on LendIt are female smallholder farmers. 
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the results of using AgroCenta on smallholder farmers, ranging between the maximization of productivity, of income, reduction of food waste,to gender and social inclusion.
  • Founded in 2016, AgroCenta operates two integrated digital platforms in Ghana, CropChain and LendIt, to help address challenges related to smallholder farmers’ access to markets and financial services.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Since 2016, AgroCenta operates 2 digital platforms: - CropChain: integrated agricultural supply chain management platform. - LendIt: allowing access to financial services like mobile payments, microloans, crop insurance.
  • ...4 more annotations...
  • Poor infrastructure and logistics prevent many smallholder farmers in Ghana from accessing large, urban markets where they could obtain better prices for their crops. Many of these farmers lack information on fair market prices, which leaves them susceptible to selling at low prices to middlemen. Without a strong credit history, many of them also have limited access to finance for purchasing high-quality agricultural inputs that would enable them to scale beyond subsistent production.  
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt shows reasons why smallholder farmers should consider agrocenta to increase their profitability and their revenues
  • For AV Ventures, the investment is part of its long-term strategy of providing innovative and catalytic capital to support growth-oriented small- and medium-sized enterprises (SMEs) like AgroCenta that make up the “missing middle” of investment — too large for microfinance but too small or too early-stage to attract private equity investors. These SMEs are often the backbone of economies and potential drivers of innovation, but too often they miss out on financing that could enable their growth and longevity.  
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Agrocenta attracts more investors as it is considered among small and medium businesses that promote innovation. In fact, the fintech is specialized in agricultural loans, something not that common in the country.
  • CropChain is an integrated agricultural supply chain management platform that provides smallholder farmers with access to markets. Farmers use the platform to advertise their produce, while large offtakers or buyers of selected cereals use it to make purchases or enter long-term offtaker purchase contracts with AgroCenta. AgroCenta leverages the platform to source cereals directly from smallholder farmers to supply to large offtakers who have contracts with the company. This allows AgroCenta to earn margins between the price it pays farmers and the contractually agreed upon price with offtakers.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Agrocenta draws even more investment amongst SMEs that promote innovation. This extract shows some of the reasons why smallholders should consider Agrocentra for increasing the profitability and income .
  • “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 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.”
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see how agrocenta takes the pandemic situation and what are the solutions that the company adopts to face it.
kenza_abdelhaq

TPAY Mobile acquires Turkey's Payguru - Wamda - 0 views

www.wamda.com/...obile-acquires-turkeys-payguru

TPay Mobile Algeria Acquisitions

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • The deal comes at a time when demand for digital payment services is surging due to the coronavirus pandemic. Within the Middle East and Africa region, mobile payments is a popular alternative among 50 percent of the population, most of which is underbanked.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      The acquisition of Payguru by Tpay Mobile is a strategic partnership in the context of a global pandemic. It is also an alternative to around 50% of the population that is underbanked.
  • The FinTech sector in the Middle East and North Africa (MENA) region is also growing at a compound annual growth rate (CAGR) of 30 percent, much higher than the average global rate of 11 percent
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      The FinTech sector in the MENA region continues to grow rapidly with a compound annual growth rate much higher than the average global rate.
  • TPAY Mobile is a digital merchant acquirer that enables payments acceptance from more than 54 mobile payment types and wallets, which are connected to more than 580 million consumers. According to Sahar Salama, founder and chief executive officer of TPAY Mobile, the acquisition of Payguru will support their diversification and expansion strategy.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Tpay Mobile already has a wide network of customers, but the new acquisition is part of the implementation of their diversification and expansion strategy.
ghtazi

AgroCenta to expand operations in Ghana after recently closed $650k round - Ventureburn - 0 views

ventureburn.com/...ocenta-expand-operations-ghana

Agrocenta Ghana platfrom

shared by ghtazi on 12 Feb 21 - No Cached
  • The startup — which in April this year was crowned Seedstars Global Winner — connects smallholder farmers directly to an online market to sell their commodities and by doing so eliminates middlemen and brokers who often exploit the farmers.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Seedstars Global Winner
  • Ghanaian agritech startup Agrocenta will use its recently closed $650 000 round to expand operations in Ghana — the company’s CEO and co-founder Francis Obirikorang revealed yesterday.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      It is a good idea to expand its operations all the country, so every farmer can benefit from this opportunity to improve its agricultural investments
  • Ghanaian agritech startup Agrocenta will use its recently closed $650 000 round to expand operations in Ghana — the company’s CEO and co-founder Francis Obirikorang revealed yesterday.
    • ghtazi
      ghtazi on 13 Feb 21
       
      I think that this is a great idea because it will help the company to extend its activity and also more farmers will benefit from Agrocenta.
tahaemsd

AgroCenta - Disrupt 100 - 0 views

www.disrupt100.com/?company=agrocenta

fintech agriculture africa modernization ecosystem

shared by tahaemsd on 12 Feb 21 - No Cached
  • AgroCenta has four key strands to the business. First is its AgroTrade platform which enables smallholder farmers in remote farming communities to sell directly to buyers in the urban areas. Second, its TruckR on-demand shipping logistic service provides transport for goods at the click of a button. Third, AgroInfo gives smallholder farmers information on commodity pricing via SMS and Voice solutions, helping farmers make informed decisions on how to price competitively. Lastly, AgroPay is a financial-inclusion product for smallholder farmers, allowing them to easily access credit facilities, layaway some funds and transact using the power of mobile phones.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      using its innovative technology which connects smallholder farmers to a larger market to trade and sell directly to buyers in the urban area
kenza_abdelhaq

Dubai fintech Tpay Mobile acquires Turkish payments company Payguru - 0 views

www.menabytes.com/tpay-mobile-payguru

TPay Mobile Algeria Acquisitions

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • Founded in 2014 as the first open mobile payment platform of the region, Tpay Mobile was acquired by leading African private investment firm Helios Investment Partner. The firm had acquired a 76 percent stake in Tpay Mobile in 2018, creating a dragon exit for A15, the firm that had founded it. Tpay has previously also acquired its Cairo-based rival DCBEgypt in 2017. Sahar Salama, Founder and Chief Executive Officer of Tpay Mobile, said, “Tpay Mobile is on an accelerated growth trajectory, and the acquisition of Payguru fast-tracks our vision to become the leading digital payment platform in the Middle East and Africa, guaranteeing a best in class user experience, and offering innovative services to our partners, and further driving digital and financial inclusion in our region.”
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Four years after its creation, Tpay Mobile was acquired by Helios Investment Partner firm. To eliminate its competition, position its self as the leading digital payment platform in the MEA region and offer diverse and innovative services to their customers, Tpay Mobile acquired Cairo based rival DCBEgypt in 2017 and Payguru in 2020.
  • kenza_abdelhaq on 12 Feb 21
     
    "Founded in 2014 as the first open mobile payment platform of the region, Tpay Mobile was acquired by leading African private investment firm Helios Investment Partner. The firm had acquired a 76 percent stake in Tpay Mobile in 2018, creating a dragon exit for A15, the firm that had founded it. Tpay has previously also acquired its Cairo-based rival DCBEgypt in 2017. Sahar Salama, Founder and Chief Executive Officer of Tpay Mobile, said, "Tpay Mobile is on an accelerated growth trajectory, and the acquisition of Payguru fast-tracks our vision to become the leading digital payment platform in the Middle East and Africa, guaranteeing a best in class user experience, and offering innovative services to our partners, and further driving digital and financial inclusion in our region.""
hibaerrai

Ghana's AgroCenta raises US$ 790k to scale its Agri-tech ecosystem - 0 views

africabusinesscommunities.com/...-scale-its-agri-tech-ecosystem

shared by hibaerrai on 12 Feb 21 - No Cached
  • Through AgroCenta’s CropChain platform, smallholder farmers can execute transactions with accurate information. Since the app’s launch, the average CropChain farmer’s income has increased by circa 35%.  AgroCenta says it has managed to reduce food waste by 25%.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      via an all encompasing ecosystem approach, agrocenta blends cutting edge digital innovation with traditional on the ground operations to transform the lives of smallholder farmes in Ghana
  • Agriculture accounts for circa. 17% of Ghana’s GDP. Through its outreach and services, AgroCenta has increased crop yields of farmers by 40% thereby contributing to Ghana’s economy at large.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      AgroCenta contributes to Ghana's economy by providing support to smallholder farmers along the value chain.
  • This funding was secured from UK charity Shell Foundation, the UK’s Foreign, Commonwealth and Development Office (FCDO), AV Ventures and Rabo Foundation. “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”. Francis Obirikorang, AgroCenta’s CEO and Co-Founder Michael Ocansey said while highlighting the importance and criticality of this investment.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      After the Covid-19 Outbreak, the situation in farms was quite challenging as lockdowns were imposed. Now with easier restrictions, AgroCenta raised a huge amount of funds in order to cover for the losses and develop its fintech more and more. This money should be used to develop programs and services that support financial inclusion.
  • kenza_abdelhaq on 13 Feb 21
     
    "Agriculture accounts for circa. 17% of Ghana's GDP. Through its outreach and services, AgroCenta has increased crop yields of farmers by 40% thereby contributing to Ghana's economy at large."
kenza_abdelhaq

TPAY Mobile FZ LLC - Company Profile and News - Bloomberg Markets - 0 views

www.bloomberg.com/...1655859D:UH

TPay Mobile Algeria Board

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      The executive desk of TPAY is in Dubai, United Arab Emirates, while its board members are from the African leading investment firm Helios Investment Partners LLP.
kenza_abdelhaq

TPAY Mobile Acquires Payguru, the Leading Payment Platform in the Middle East - 0 views

thefintechtimes.com/nt-platform-in-the-middle-east

TPay Mobile Algeria Operations

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • Mobile payments are a key payment method in the Middle East and Africa, used by over 50% of the population, most of which is underbanked, and TPAY MOBILE leverages direct carrier billing and wallet billing to unlock access to these customers across 24 countries for its merchant partners.TPAY MOBILE is currently present in Egypt, UAE, KSA, Palestine, Jordan, Qatar, Kuwait, Bahrain, Oman, Tunisia, Iraq, Algeria, Morocco, Turkey, Libya, Sri Lanka, Nigeria, Tanzania, Kenya, Ghana, Mozambique, Uganda, Zambia, and Zimbabwe.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Geographical scope of Tpay Mobile's Operations.
  • The Company is headquartered in the UAE, with teams based in Egypt. Our shareholders are – Helios Investment Partners , the leading Africa-focused private investment firm, and A15 , the Middle East’s leading tech investment fund.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Tpay Mobile shareholders are African and Middle East leading firms.
  • kenza_abdelhaq on 12 Feb 21
     
    "Mobile payments are a key payment method in the Middle East and Africa, used by over 50% of the population, most of which is underbanked, and TPAY MOBILE leverages direct carrier billing and wallet billing to unlock access to these customers across 24 countries for its merchant partners. TPAY MOBILE is currently present in Egypt, UAE, KSA, Palestine, Jordan, Qatar, Kuwait, Bahrain, Oman, Tunisia, Iraq, Algeria, Morocco, Turkey, Libya, Sri Lanka, Nigeria, Tanzania, Kenya, Ghana, Mozambique, Uganda, Zambia, and Zimbabwe."
kenza_abdelhaq

TPAY Mobile Company Profile: Funding & Investors | PitchBook - 0 views

pitchbook.com/...233058-34

TPay Mobile Algeria payments

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • Developer of an open mobile payment platform in Dubai. The company's platform leverages the mobile network operator billing relationship and collection network to allow mobile phone users to buy online products and services using only their cell phone number with the purchase costs being added to their cell phone bill or deducted from their balance, enabling telecom operators and online merchants to get a seamless Direct Carrier Billing (DCB) ecosystem.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Services offered by Tpay Mobile.
  • kenza_abdelhaq on 12 Feb 21
     
    "Developer of an open mobile payment platform in Dubai. The company's platform leverages the mobile network operator billing relationship and collection network to allow mobile phone users to buy online products and services using only their cell phone number with the purchase costs being added to their cell phone bill or deducted from their balance, enabling telecom operators and online merchants to get a seamless Direct Carrier Billing (DCB) ecosystem."
kenza_abdelhaq

Where preparation meets opportunity: How TPay Mobile put Egypt on the Fintech map | Ent... - 0 views

enterprise.press/...e-put-egypt-on-the-fintech-map

TPay Mobile Algeria context

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • In a country with low banking penetration and high mobile adoption, Sahar Salama saw a business opportunity in creating a payment solution through telecom operators. She used her experience at Link Development to create a direct operator billing model and launched TPay Mobile in 2014. Launched in Egypt, Saudi Arabia and the UAE simultaneously, they now operate in over 18 markets across MENA covering almost 51 mn transactions a day.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      The introduction of Tpay Mobile was in a context of high mobile adoption and low banking penetration, using telecom operators as a tool allowing payment.
  • kenza_abdelhaq on 12 Feb 21
     
    "In a country with low banking penetration and high mobile adoption, Sahar Salama saw a business opportunity in creating a payment solution through telecom operators. She used her experience at Link Development to create a direct operator billing model and launched TPay Mobile in 2014. Launched in Egypt, Saudi Arabia and the UAE simultaneously, they now operate in over 18 markets across MENA covering almost 51 mn transactions a day."
kenza_abdelhaq

EthioPay Mojaloop Case Study - DFS Lab - 1 views

dfslab.net/ethiopay-mojaloop-case-study

Ethiopay Ethiopia Payments Service

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      This is probably an efficient and scalable way to easily interconnect the different services in the ethiopian banking sector
  • They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production.
  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because nowadays the development of companies for consumer products allows the huge opportunity for the expansion of electronic payments because it is assumed that consumers of electronic payments are indeed end-users and also that the majority of payouts are Customers to Business. Expanding enterprises also provide opportunities for big potential Business to Business payments.
  • ...2 more annotations...
  • What they want EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch. What they built They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production. How Mojaloop helps With over 40 million phone subscribers and most banks having their own mobile banking system in Ethiopia, there is no mobile based inter-bank fund transfer. Mojaloop is potentially an efficient and scalable way to easily interconnect these disparate services.
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that Ethiopay wants to add value to the baking sector by adding new products and services. they also do a technical evaluation of the Mojaloop platform, which is the one that provides the required functionalities to the production. Last but not least it shows us that There is no mobile-based inter-bank fund transfer for 40 million telephone subscribers and most banks in Ethiopia have their own mobile banking system.
  • EthioPay (ETS) is owned by a consortium of Ethiopian banks and operates a central switching platform for ATMs throughout the country.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Ethiopay wanted to expand its services by implementing the platform Mojaloop which will interconnect disparate services.
kenza_abdelhaq

Intigral partners with Telecom Egypt "WE" and TPAY MOBILE to launch mobile payment for ... - 0 views

www.zawya.com/...e_in_Egypt-ZAWYA20201110092457

TPay Mobile Algeria Partnership

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • Dubai: Intigral, the leading over the top (OTT) content provider in the MENA region, today announces the expansion of its flagship Jawwy TV app and OTT entertainment service into Egypt through a strategic collaboration with the leading telecom operator, Telecom Egypt “WE”. This expansion is being enabled by a strategic partnership with TPAY MOBILE, the Middle East and Africa’s leading digital payments platform.
    • kenza_abdelhaq
      kenza_abdelhaq on 12 Feb 21
       
      Tpay Mobile partnering up with content provider Integral and the telecom operator "WE" as part of a strategic partnership enabling Integral's expansion in the region.
  • kenza_abdelhaq on 12 Feb 21
     
    "Dubai: Intigral, the leading over the top (OTT) content provider in the MENA region, today announces the expansion of its flagship Jawwy TV app and OTT entertainment service into Egypt through a strategic collaboration with the leading telecom operator, Telecom Egypt "WE". This expansion is being enabled by a strategic partnership with TPAY MOBILE, the Middle East and Africa's leading digital payments platform."
tahaemsd

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

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

fintech payments africa modernization

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

A strategic partnership between HUAWEI and TPAY MOBILE - 0 views

tpaymobile.com/r-developers-in-the-mea-region

TPay Mobile Algeria Partnership

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Huawei and TPAY MOBILE have been working closely as part of their ongoing commitment to support developers in the MEA region. This partnership will allow local and global developers to monetize their apps and services through HMS’ In-App-Purchases (IAP) kit across the region. TPAY MOBILE’s Direct Carrier Billing (DCB) service offers all Huawei’s HMS customers in the MEA region the ability to pay for their apps and services through their mobile phone number. This will make it more accessible for Huawei and HONOR device users to pay for online services and apps on HMS.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Tpay Mobile partnered up with Huawei to support developers in the MEA region and enable them to receive payments for their apps and services through their mobile phone number.
  • kenza_abdelhaq on 13 Feb 21
     
    "Huawei and TPAY MOBILE have been working closely as part of their ongoing commitment to support developers in the MEA region. This partnership will allow local and global developers to monetize their apps and services through HMS' In-App-Purchases (IAP) kit across the region. TPAY MOBILE's Direct Carrier Billing (DCB) service offers all Huawei's HMS customers in the MEA region the ability to pay for their apps and services through their mobile phone number. This will make it more accessible for Huawei and HONOR device users to pay for online services and apps on HMS."
nouhaila_zaki

Fawry's market cap swells to over $2 billion - MENAbytes - 1 views

www.menabytes.com/fawry-2-billion

Fawry Egypt Stock Market Pandemic

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • ess than six months after becoming the first billion-dollar technology company in Egypt, Fawry has hit another milestone by surpassing the $2 billion market cap for the first time. Its stock has doubled in the last six months and closed at an all-time high of EGP 46.90 today, pushing its market cap to over EGP 32 billion. This makes it the fourth most valuable company listed on The Egyptian Exchange (EGX) and it seems that it’s only a matter of days before it takes the second position. The Egyptian payments firm had gone public in August 2020 by listing its shares on EGX at the price of EGP 6.46 per share. The share price has surged over 7x after company’s public market debut about eigtheen months ago.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Rapid Stock growth of Fawry after introduction in the Egyptian Exchange On August 2020. It is currently the fourth most valuable company listed in the EGX.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it discusses Fawry's market cap which increased to $2 billion in 2021, thus becoming the fourth most valuable company listed on the Egyptian stock exchange. Fawry is also expected to take the second position in a matter of days.
  • Being the leading the electornic payments player in Egypt, Fawry is arguably the biggest benificiary of acceleration of digital payments there. It offers hundreds of electronic payment services through its network of over over close to 200,000 service points across Egypt – whcih include ATMs, mobile wallets, retail shops, post offices, and vendor kiosks. Fawry has introduced many new payments and lending products for both consumers and businesses over the last tweleve months and is apparently on additional new services too that are expected to be rolled out within the next few months.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Large network and diversified services related to payments makes Fawry the leading electronic payments player in Egypt and the only technology stock listed on the Egyptian Exchange.
  • Fawry is yet to announce the results for fourth quarter of 2020 but for the first nine months of last year, the company made about $57 million (EGP 892.7 million) in revenue, an 45.2 percent increase year-on-year basis. For the same period, it doubled its net profit (on a YoY basis) to $7.5 million (EGP 119 million). The company has been witnessing decent growth over the last few years but it seems that Covid-19 has accelerated it even further.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects how the covid-19 pandemic accelerated the growth and increased the net profit of Fawry.
  • hindelquarrouti on 13 Feb 21
     
    Fawry is experiencing a drastic growth and it is becoming the leading electronic payments company in Egypt. It is benefiting from the acceleration of digital payments in Egypt.
mehdi-ezzaoui

Fawry plans to acquire minority stakes in 2 companies in Egypt, expand into Arab countr... - 1 views

www.egypttoday.com/...ority-stakes-in-2-companies-in

FAWRY Fintech Africa Egypt Payments acquire

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • "By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.”
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry plans to invest in one or two companies in two Arab countries as part of its expansion strategy.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces Fawry's expansion plans whether geographically (in the Arab region) or in terms of companies acquires (investment in other companies, here 2).
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Fawry is planning on taking its fintech to the next level by acquiring two companies this year. The goal is to be present in at least two different arab countries, and I believe it is an interesting strategy to grow more in the MENA region.
  • Fawry’s CEO pointed out that the company, which invests about LE 120 million annually in developing its technologies, focuses more on increasing its investments in banking services, mobile devices and commercial chains.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry investing in diversifying its services to include banking services, mobile devices, and commercial chains.
  • In August 2020,  Fawry became a Unicorn officially, Fawry’s former Managing Director Mohamed Okasha announced on his LinkedIn account, clarifying that the company’s market capitalization hit $1 billion.   A unicorn is a business term to indicate a privately held startup company valued at over $1 billion.   Fawry is the first Egyptian company to reach a market cap of $1 billion.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry is the first Egyptian company to reach a market capitalization of $1 billion and officially become a unicorn.
  • ...2 more annotations...
  • Fawry, currently owned by five local, foreign and Arab funds, was established in 2009 and is operating in the field of banking technology and provides financial services to individuals and companies. The management and employees account for about 8 percent of the company's shares.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it reflects the structure of equity and ownership in Fawry. Indeed, it explains that management and employees of Fawry account for 8% of the company's shares.
  • Fawry offered 36 percent of its shares on the Egyptian Exchange (EGX) in 2019 to collect LE 1.6 billion; of which about 21 percent will be offered to Actis, Banque Misr and National Bank of Egypt at 7 percent each.The remaining 15 percent is divided into a public offering of small investors by about 5 percent, and 10 percent are floated to financial institutions and major investors.
  • kenza_abdelhaq on 13 Feb 21
     
    ""By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.""
  • ...1 more comment...
  • nouhaila_zaki on 13 Feb 21
     
    ""By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.""
  • hibaerrai on 13 Feb 21
     
    ""By the end of this year, we will have an investment or two in the companies we are studying," he clarified.    Sabry said that the company, which also operates in the UAE, has a plan to expand in the region. "During this year, we will be present in at least two Arab countries.""
  • mehdi-ezzaoui on 13 Feb 21
     
    Fawry for banking and electronic payments technology plans to acquire minority stakes in a company or at least two during the current year in addition to expanding in a number of Arab countries, according to the company's founder and CEO Ashraf Sabry
kenza_abdelhaq

Fawry hits a market cap of $2 billion - Tech In Africa - 0 views

www.techinafrica.com/hits-a-market-cap-of-2-billion

Fawry Egypt Growth

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • The company is yet to announce its fourth-quarter results in 2020 but the first nine months of the year the company reported $57 million in revenues – a steady 45 percent growth rate every year. The Covid-19 pandemic has accelerated the growth of the company.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry has a steady annual growth rate of 45%, which has not been impacted negatively, if not accelerated by the Covid-19 pandemic.
  • kenza_abdelhaq on 13 Feb 21
     
    "The company is yet to announce its fourth-quarter results in 2020 but the first nine months of the year the company reported $57 million in revenues - a steady 45 percent growth rate every year. The Covid-19 pandemic has accelerated the growth of the company."
kenza_abdelhaq

Challenges and opportunities of ethioPay ATM service - 2 views

etd.aau.edu.et/...12583

Ethiopay Ethiopia Payments Service

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Irrespective of its importance to the customers and financial system, ethioPay interbank service is operating inefficiently. Since there are no studies conducted on this topic especially on ethioPay, this study has been conducted with an objective of identifying challenges and opportunities of ethioPay ATM from perspectives of interconnected banks and supervisors.
  • The study identified challenges such as inappropriate ATM location, low level of customer awareness, inefficient ATM management by the banks, frequent network failure, low level of interest and skills of the banks to use the service.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Some of the challenges identified at the level of the EthioPay interbank service that is operating inefficiently.
  • mehdi-ezzaoui on 13 Feb 21
     
    this article is well written it talks about the challenges that Ethio pay face and the opportunities to grow
kenza_abdelhaq

Egyptian fintech in 2020: A tale of crosswinds and tailwinds [Part One] - Wamda - 0 views

www.wamda.com/...2020-tale-crosswinds-tailwinds

Fawry Egypt Context Global Economic

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Fortunately, Egypt’s first Covid wave was milder than those in other countries. The country managed to get by without going into full lockdown and the country is now one of the few in the world with a positive gross domestic product (GDP) growth outlook for 2020. Despite the mild top-line hit, most startups still felt the impact of Covid-19, with a whopping 83.9 per cent indicating, in May, that they had been negatively impacted by the crisis. The same survey highlighted that 29 per cent of Egyptian startups had suspended operations – an alarming proportion that would have increased with the recent resurgence of the virus. It remains to be seen what the full impact of the second wave is.  
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Egypt managed to have a positive GDP growth in 2020 even though the pandemic impacted negatively more than 80% of the startups.
  • If we look back on 2020, the largest funding rounds for Egyptian startups were not in fintech but healthcare and transport, with Vezeeta raising more than $40 million and Swvl more than $20 million. Yet, fintech still managed to make headlines on several occasions, including new regulations, high profile investment rounds and exciting launches. It was an eventful and exhilarating year for the fintech ecosystem in Egypt.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Even though more importance was given to healthcare and transport with regard to the largest funding rounds, fintech was still getting a lot of attention (making headlines, new regulations, etc).
  • Fawry’s success story has undoubtedly encouraged investments in other e-payments venture that will help dynamise this space in coming years. The industry is still massively underpenetrated as cash remains king but will remain as one of the more active areas within fintech in coming years.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry being the leader of digital payments in Egypt definitely helped encourage investments in this field/industry.
  • kenza_abdelhaq on 13 Feb 21
     
    "Fortunately, Egypt's first Covid wave was milder than those in other countries. The country managed to get by without going into full lockdown and the country is now one of the few in the world with a positive gross domestic product (GDP) growth outlook for 2020. Despite the mild top-line hit, most startups still felt the impact of Covid-19, with a whopping 83.9 per cent indicating, in May, that they had been negatively impacted by the crisis. The same survey highlighted that 29 per cent of Egyptian startups had suspended operations - an alarming proportion that would have increased with the recent resurgence of the virus. It remains to be seen what the full impact of the second wave is.  "
kenza_abdelhaq

Egyptian fintech in 2021: The journey ahead [Part Two] - Wamda - 0 views

www.wamda.com/...ian-fintech-2020-journey-ahead

Fawry Egypt Partnership

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • We are at a stage where it is no longer optional for banks to go all in on digital. Banks that want to lead the market will have to do a lot more than just embracing digital. A few days before 2020 ended, NBE announced the acquisition of a 24 per cent stake in Aman, similarly, Fawry and Banque du Caire have set up a joint remittance service while Banque Misr has partnered with digital payments app, Masary.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry and Banque du Caire partnered up to introduce a joint remittance service as part of expansion and diversification.
  • We have already seen a heightened level of activity in the first few days of the new year. Fawry’s microfinance subsidiary raised EGP310 million in debt to fuel expansion.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Fawry raising a capital of EGP310 million to invest in expansion.
  • kenza_abdelhaq on 13 Feb 21
     
    "We are at a stage where it is no longer optional for banks to go all in on digital. Banks that want to lead the market will have to do a lot more than just embracing digital. A few days before 2020 ended, NBE announced the acquisition of a 24 per cent stake in Aman, similarly, Fawry and Banque du Caire have set up a joint remittance service while Banque Misr has partnered with digital payments app, Masary."
« First ‹ Previous 381 - 400 Next › Last »
Showing 20▼ items per page