Spring 21 Capstone 640pm

SimbaPay is an award winning mobile app transforming the international remittance space. With a focus on extreme speed, convenience and constant innovation.

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.

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.

Many CFOs are quick to think that technology will solve all of their CFO technology problems and, in some cases, they are told that it will. But if the fundamentals aren’t in place and the path to an end is not defined, a well-intentioned finance modernization initiative can fall short of expectations. This can potentially lead to a significantly lower return on investment, add to the frustration of business users, and cause organizational leaders to become skeptical about future finance modernization projects.None of us knows for certain what the future will hold, but we all have a responsibility to anticipate and prepare for change. In finance, that means working now to get the right people and technology in place to take advantage of the inevitable disruptions ahead. But that’s not likely to happen without a clear vision and strategy for finance in a digital world. Now is the time to step back and make sure your finance transformation roadmap to that future is clear.Having a technology-enabled finance strategy, including identifying and prioritizing where and when to invest in finance modernization assets, is critical to creating organizational value and driving business performance.Back to top

We improve on partnerships focusing on leveraging on existing infrastructure such as distribution systems sides for cost effective operations. Partnerships that aim to drive innovation by exposing prebuilt APIs. For instance, access to accounts, transaction history, know your customer, or metadata enhancements.  

CEO of Abacus Wealth Management, an online investment brokerage. Abacus allows investors to make and execute faster, smarter, more informed decisions on instruments in Kenya's financial markets. CEO of Capital Associates, an investment and holding company with interests in financial services, real estate, agriculture and technology. Previously started and built Kenya’s largest consumer financial news and information site. Experience in mobile money, having led teams that developed mobile banking solutions for Kenyan branches of global banks such as Barclays and Standard Chartered, and several local banks and financial institutions. I keep up to date with changes in the industry and get involved through consulting and advisory. Actively involved in Kenya’s start-up scene as an entrepreneur, a member of the iHub and Venture Capital for Africa (VC4A) communities, as an advisor to several web and mobile start-ups and a writer. My focus is on business and revenue models, financing and venture capital.

Consumer research shows that financial insecurity is at an all time high. WorldRemit is working tirelessly to increase transparency and support users by providing easy access to financial services. With WorldRemit’s proprietary technology, each user can now track the money they have been sent, giving them added peace of mind at a time when they need it most.

WorldRemit is one of the first companies in the global payments industry to launch a Transfer Tracker app exclusively with recipients in mind. The digital payments company allows senders in 50 countries to send money via the app or website to recipients in over 150 countries and can choose from multiple payout methods including bank deposits, mobile wallets, mobile airtime top-up and cash pick-up.

Egypt-based Moneyfellows, a tech startup that digitizes informal lending between friends and family networks, has raised US$600,000 in an investment round led by Dubai Angel Investors and 500 Startups.

Founded in 2015, the idea for Moneyfellows hit the startup’s founder and CEO Ahmed Wadi in Germany, where as a fresh graduate with a modest pay, he was looking to fund his own wedding and honeymoon. “Doing an offline money circle with friends and family back home was my only resort,” Wadi recalls. “It was extremely painful to find a suitable one, manage it, and keep track of it. If there existed a digitized version of this, I would’ve been a frequent user myself. There wasn’t; so, I decided to do something about it, and do it myself.”

SnapScan launched in South Africa in May 2014, although the app had been operational since June 2013. The app was launched in partnership with Standard Bank, and the bank ultimately acquired the developer of SnapScan, FirePay, at the end of 2016.

“What they lack, specifically in Africa, is merchant and business acceptance. As a result, they are reliant on banks to issue card tokens to their wallets and to roll out a merchant acceptance network.” SnapScan, on the other hand, is a potential solution for businesses where card terminals are not cost efficient or appropriate.

Face au Covid-19, les médecins se réorganisent et se ruent sur la consultation en ligne sur la plate-forme DabaDoc. De quoi soulager tous les Marocains à risque de contamination. 

La société DabaDoc startup "healthtech" marocaine, leader en Afrique dans la gestion de la relation entre les patients et les professionnels de santé et AXA Assurance Maroc annoncent la signature d’un protocole le 12 septembre 2018 pour une prise de participation d’un des leaders mondiaux de l’assurance dans le capital de DabaDoc.

« Nous sommes très optimistes quant aux perspectives de croissance induite par cette augmentation de capital".

A ce titre, nous sommes heureux de contribuer au développement de DabaDoc, cette belle start-up marocaine. DabaDoc permet dès aujourd’hui d’offrir des services innovants dans l’univers de la santé et notamment un parcours santé facilité pour les patients

la plateforme spécialisée dans la digitalisation de l’accès à la santé, Dabadoc  s’engage contre la propagation du coronavirus en mettant à la disposition des médecins le service de consultation vidéo.

« La consultation par vidéo soulagera les patients qui souhaitent échanger avec un médecin sans se déplacer. DabaDoc met à disposition des patients la possibilité de prendre rendez-vous en ligne depuis la plateforme DabaDoc.com et d’échanger avec un médecin à distance »

Ahmed Wadi, the startup’s CEO and founder, says they plan to spread their reach across Egypt (they are currently concentrated in Cairo) as well as expand to other countries in Africa.  Wadi founded MoneyFellows in 2016 and reportedly raised $1 million in a pre-Series A round last year, with the participation of 500 Startups and Dubai Angel Investors.  

However, PULA’s research showed that registration was not as simple in practice. Because customers had to go through several steps on their phones, they found the registration process to be cumbersome. More importantly, research showed that customers wanted more than simplicity. Most agents and smallholders hesitated to sign up for the insurance after simply reading about it. And input agents, who are often trusted, face-to-face sources of information, did not make enough of an effort to explain the product. PULA often told agents that, by informing customers that their input purchases were insured, they were likely to increase sales, but this proved to be an inadequate incentive.

In the framework of its concern in making it easy for citizens to pay for accessing its e-services via the Internet, in order to reach a society more dependent on electronic payments; WATCH iT! has announced signing a partnership agreement with Fawry the leading Fintech network in Egypt to offer its services through “Fawry Pay” to the public. WATCH iT! It is the first of its kind in Egypt and the newest in the Middle East and North Africa, where the number of its users reaches 1.5 million users and has a huge library the most diverse, containing more than 650 thousand entertainment hours of movies, series and programs that suit all ages.

In the framework of its concern in making it easy for citizens to pay for accessing its e-services via the Internet, in order to reach a society more dependent on electronic payments; WATCH iT! has announced signing a partnership agreement with Fawry the leading Fintech network in Egypt to offer its services through “Fawry Pay” to the public.

Kenya BismartEfficiency & Fraud Management

WorldRemit has the largest bank payout network for transfers to USD bank accounts in Nigeria, which includes Access Bank, FirstBank, Fidelity, GT Bank, UBA and FCMB, with ongoing plans for further expansion. Cash pickup in USD is also available from the following banks: Fidelity Bank, First Bank, Access Bank, Polaris Bank, FCMB, Zenith Bank and Union Bank. For added security and convenience, both senders and recipients automatically receive transaction and PIN numbers via SMS and email, for cash pick up. Recipients must present both numbers along with their ID at cash collection points. 

C’est un retour en force aux allures de pari. Quatre ans après avoir retiré M-Pesa du marché sud-africain, l’opérateur de télécommunications Vodacom a annoncé en juillet le lancement d’un nouveau service de paiement par mobile. L’offre sera conçue en partenariat avec Ant Financial Services Group, un groupe chinois qui commercialise le puissant service de mobile money Alipay, créé par le fondateur du site d’e-commerce Alibaba, Jack Ma.

M-Pesa : quel miracle pour réussir hors du Kenya ?

Cette fois-ci, la filiale africaine de Vodafone tente à nouveau l’aventure sans s’appuyer sur M-Pesa, dont elle est pourtant devenue cette année le coactionnaire aux côtés de Safaricom, afin de justement favoriser son développement.

From a larger context, Eunice Maina, the CEO of Bismart Insurance in Kenya, associated the low penetration of insurance in the east African country to the traditional nature of insurance practiced in Kenya.  She asserted that the largest economy in east Africa practices informal insurance resulting in the low penetration of the market.“Kenya practices informal insurance in the form of crowdfunding and that has affected the penetration rate,” she said. However, Maina is of the view that rather than adopting the European pattern, traditional insurance should be developed without having to deviate from the African model. She, therefore, solicited for the use of African perspective in developing insurance in the region as techniques to tackle cultural and religious barriers in the insurance industry.

Fawry, Egypt’s first and largest E-payment company in the Egyptian market signed an agreement to acquire a non-controlling interest in “Waffarha” is a platform that provides various offers and discount vouchers for B2B and B2C through its website and APPs on mobile devices.Tarek Magdy, CEO of Waffarha, said: “Waffarha” was launched 6 years ago as the only platform that provides offers ranging from 50% for B2B and B2C, with more than 1 million social media followers and more than 1000 commercial series.”And he pointed out that “Waffarha” provides many services as (restaurants, cafes, travel, health and beauty, entertainment, etc.). There are 250 thousand customers who have saved nearly 50 million EGP after using “Waffarha”. All offers starting from 50% include taxes and services, and can be paid in different ways by choosing “Fawry Pay” service, which allows customers to pay cash in more than 90 thousand stores of Fawry or by banks (credit cards or direct debit). In addition to paying with “PayPal” through Fawry Pay” Magdy added: “Waffarha” aims to reach its dealings to 150 million Egyptian pounds by 2020″.

“Fawry” took over “Waffarha” shares | Fawry

Fawry, Egypt’s first and largest E-payment company in the Egyptian market signed an agreement to acquire a non-controlling interest in “Waffarha” is a platform that provides various offers and discount vouchers for B2B and B2C through its website and APPs on mobile devices.