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Technology | WorldCover Insurance - 0 views

www.worldcovr.com/technology FinTech Africa Service modernization climate change
shared by tahaemsd on 13 Feb 21 - No Cached
  • WorldCover pairs long term remote weather data with the latest satellite technology, making complex actuarial calculations into simple policy term sheets.Our technology combines machine learning with agronomy, compares multiple data sources and forecasts to give you the most targeted and accurate insurance possible.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Weather insurancce powered by satellite data
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Don't Fear the Algorithm: The Risks and Benefits Of Machine Learning in Finance - NextB... - 0 views

nextbillion.net/rithm-machine-learning-finance JUMO Africa Financial inclusion Machine Learning
shared by mohammed_ab on 13 Feb 21 - No Cached
  • Machine learning is a critical component of this process, as it allows us to enhance our predictive ability to better identify these qualifying customers. As a result, we are making significant strides towards our goal of creating the world’s leanest and lowest-cost banking infrastructure. This helps our bank partners offer loans at the lowest possible rate, and it helps our customers to achieve higher-yield savings. We’ve proven that our model works. Twelve million customers in Africa and Asia have saved or borrowed on the JUMO platform, and roughly 70% of these customers are micro and small businesses. We’re incredibly proud of our progress so far – but we know there’s more we can do.
  • To test our approach, we looked at Ghana, running new and advanced machine learning algorithms on signals associated with a pool of lending applicants. The goal was to identify combinations of signals — from income size and deposit frequency to mobile phone battery life and mobile wallet transaction patterns — that would serve as more accurate indicators of likely fraud than existing models.
  • mohammed_ab on 13 Feb 21
     
    This article explains how machine learning is used as a tool to identify potential customers for JUMO. It's quite amazing to see that machine learning take into account things like the battery life of your phone, data usage, mobile money transactions as components to make a lending decision
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My Wallet Lesotho 1.2.3 Apk Download - com.smartelmoney.my_wallet APK free - 0 views

apk.support/...com.smartelmoney.my_wallet Smartel Money E-payments Lesotho Kenya Fintech Mywallet Application
shared by hibaerrai on 13 Feb 21 - No Cached
  • MyWallet is a financial technology (fintech) product that allows for payments and money transfers to be made through modern information technology platforms such as mobile phones.Mobile money or electronic money is defined by the Mobile Money Guidelines issued by the CBL as payment instruments that contain monetary value that is paid in advance by the user to the money issuer.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Smartel Money e-payments application is Mywallet. It can be downloaded on any smartphone, and money transfer is quick and easy.
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Ethiopia: ET Switch Completed Transactions worth 1.2 Billion Birr - 0 views

www.2merkato.com/...sactions-worth-12-billion-birr Ethiopay Ethiopia Payments challenges
shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • The company also noted its performance is challenged by high transaction decline rate of 40 percent per month due to connection failure and system failure in its member banks.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Many challenges related to connection and system failures have a huge impact on performance and credibility.
  • kenza_abdelhaq on 13 Feb 21
     
    "he company also noted its performance is challenged by high transaction decline rate of 40 percent per month due to connection failure and system failure in its member banks."
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Nephila Climate news - Artemis.bm - 0 views

www.artemis.bm/...nephila-climate Nephila worldcover insurance Partnership
shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • Nephila assists insurtech WorldCover with reinsurance via Lloyd’s syndicate
  • Emerging markets and climate insurance focused  insurtech start-up WorldCover has partnered with the world's largest ILS fund manager Nephila Capital,
  • chaimaa-rachid on 13 Feb 21
     
    This partnership will help WorldCover to grow more and it will be more dependable towards its customers.
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worldcover - Blog - EchoVC Partners - 0 views

www.echovc.com/...worldcover FinTech Africa Service modernization climate change
shared by tahaemsd on 13 Feb 21 - No Cached
  • tact Us
  • WorldCover was founded to address the last-mile transfer of these kinds of risk by powering a climate risk marketplace initially targeted at the ag sector. In emerging markets (starting with SSA), WorldCover connects farmers (and ag parties exposed to climatic risks) with climate risk investors. Through its risk transfer platform, the company offers farmers protection against natural disasters and phenomena that negatively affect their crop yields, while giving risk investors the desired diversification of their risk portfolios and offering uncorrelated investment returns. For the farmers, insurance cover provided through WorldCover safeguards their livelihoods and, as studies have shown, gives farmers the confidence to further invest in their farms, unlocks access to credit and other services, and ultimately produces more income for them and their community.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Worldcover platform is flexible yet robust and can be used all over the world for a wide variety of natural phenomen that threaten agricultural yields
  • tahaemsd on 13 Feb 21
     
    "TACT US"
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WorldCover Raises $6 million Fund to Provide Insurance for Smallholder Farmers - Techgi... - 0 views

www.techgistafrica.com/...urance-for-smallholder-farmers FinTech Africa Service modernization climate change
shared by tahaemsd on 13 Feb 21 - No Cached
  • WorldCover has raised a sum of $6 million Series A fund to help support smallholder farmers in emerging countries in Africa. The company reduces the risk of farming for smallholder farmers with the use of satellite imagery, on-ground sensors, mobile phones and data analytics to provide crop insurance protection.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Worldcover raises $6 million fund to provide insurance for smallholder farmers
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The Purposeful For-Profits, Brooks Gibbins - 0 views

news.fintech.io/...the-purposeful-for-profits FinTech Africa Service modernization climate change
shared by tahaemsd on 13 Feb 21 - No Cached
  • WorldCover, is a for-profit company that aspires to provide the 90% of smallholder famers around the world with access to crop insurance.  In countries like Ghana, there is no social safety net.  Every farmer is one natural disaster away from ruin.
    • tahaemsd
      tahaemsd on 13 Feb 21
       
      Worldcover provides a transformative safety net using satellites to monitor the rainfall and trigger payouts automatically
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Ethiopia to Steer Economy Through Tech-Led Growth - allAfrica.com - 0 views

allafrica.com/...202005260615.html Belcash Ethiopia Technology
shared by nourserghini on 13 Feb 21 - No Cached
  • "We can see the government taking steps toward accepting the sector's needs," said Zewdu Assefa, vice president of BelCash Technology. "Regardless, the sector needs a wider definition, for instance for trade license registrations."Ethiopia has not yet undergone a cybersecurity assessment, according to the strategy document."Without having done an assessment explicitly for Ethiopia," reads the document, "it's difficult to identify the most important vulnerabilities."
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article shows that Belcash is encouraging the Ethiopian government to help the technology sector expand even further and allow trade license registrations.
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Safaricom M Ledger, Bill Manager, M-PESA Statements - Safaricom - 0 views

www.safaricom.co.ke/...manage-your-m-pesa Self-Service Independent Monitor
shared by kaoutarchennoufi on 13 Feb 21 - No Cached
  • MySafaricom App offers you a convenient self-service channel to manage your M-PESA and Safaricom accounts and interact with our customer care. Whether you are an Android or iOS user, you may download the App from the Safaricom App Store, Apple Store or from the Google Play Store and enjoy convenience.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      One of the features of M-Pesa is that it makes its customer feel independant and self-confident by providing them the possibility of self-service. They can monitor and manage their accounts.
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Ghanaian agritech startup AgroCenta eyes expansion with Nigeria pilot - Ventureburn - 0 views

ventureburn.com/...a-looks-nigeria-expansion-2018
shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Last year the startup clinched several accolades including the Environment and Green Energy category at the World Summit Awards, the Young Entrepreneurs Competition at the World Export Development Forum and the Africa Social Good category at Tech Crunch Startup Battlefield Africa. In addition, Seedstars World recently selected AgroCenta for its Seedstars Growth Programme, an investment arm of the Swiss organisation which provides high-growth startups with $50 000 as well as access to business advisory and marketing services. Based on this wide acclaim, this startup is clearly onto something.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      AgroCenta is built around AgroTrad an online trading platform that links farmers to a larger organized market. A logistic on-demands solution, an information platform, and a mobile money service are also provided by the startup.
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Vodafone targets Africa's unbanked with ambitious plans for M-Pesa | Financial Times - 0 views

www.ft.com/...8e-e07d-11e9-9743-db5a370481bc M-Pesa Kenya Vodafone Partnerships Offerings
shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Any move to disrupt M-Pesa would have a dramatic effect on the Kenyan economy. Joshua Oigara, head of the Kenyan bank KCB Group which is a partner of Safaricom for M-Pesa, estimates that about a quarter of Kenya’s gross domestic product is processed over the platform. M-Pesa is already used to pay salaries, book bus tickets and settle invoices in most of its markets. In Kenya it has expanded into more advanced financial services including small loans, supply chain finance, insurance and a growing number of in-store and ecommerce services.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important, not only because it enumerates the different product offerings of M-Pesa i.e. salaries' payment, loan provision, supply chain finance, insurance etc. And most importantly, the excerpt emphasizes the role of M-Pesa as the backbone of Kenyan economy.
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Egyptian fintech startup MoneyFellows raises $4m to expand across Africa - Disrupt Africa - 0 views

disrupt-africa.com/...ses-4m-to-expand-across-africa
shared by ayoubb on 13 Feb 21 - No Cached
  • Egyptian fintech startup MoneyFellows raises $4m to expand across Africa - Disrupt Africa
    • ayoubb
      ayoubb on 13 Feb 21
       
      MoneyFellows
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Egyptian fintech MoneyFellows has raised over $1m - Ventureburn - 0 views

ventureburn.com/...neyfellows-egypt-fintech-round
shared by ayoubb on 13 Feb 21 - No Cached
  • Tech publication Menabytes reported in an exclusive article yesterday (4 August) that 500 Startups, Dubai Angel Investors, and Phoenician Funds along with other unnamed individual investors participated in the round.
    • ayoubb
      ayoubb on 13 Feb 21
       
      MoneyFellows
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Artificial Intelligence Innovation in Financial Services - 0 views

www.ifc.org/...novation-in-financial-services artificial intelligence worldcover technology
shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • Realizing financial inclusion benefits through the adoption of artificial intelligence relies on its responsible adoption by firms, on competitive market settings, and on continued investment in the necessary infrastructure.
  • chaimaa-rachid on 13 Feb 21
     
    Worldcover profits by the utilization of AI in developing business sectors as it permits it to robotize significantly more its business interaction and influence enormous data to tackle issues and overcome obstacles.
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Building Trust and Growing Digital Financial Services: A Look at JUMO | Center for Fina... - 0 views

www.centerforfinancialinclusion.org/ancial-services-a-look-at-jumo JUMO Africa Financial inclusion
shared by mohammed_ab on 13 Feb 21 - No Cached
  • Our work breaks new ground by including many customers that have never accessed formal financial services before. This is exciting, but also means we have a significant responsibility to make sure their first formal financial services experience is positive and empowering. That’s really important to us, so we’re open to testing, learning, sharing and collaborating – it’s a part of our contribution to building the digital financial services ecosystem.”
  • mohammed_ab on 13 Feb 21
     
    I think that any fintech company that serves unbanked people should have this spirit of JUMO. They understand that they have a lot of responsibility to educate those unbanked people and make sure that their first experience with JUMO or with any other fintech service is positive.
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Cassava Smartech: Trading update for the period ended 31 August 2020 - AfricanFinancials - 0 views

africanfinancials.com/imbabwe-limited-trading-update
shared by ayoubb on 13 Feb 21 - No Cached
  • Cassava Smartech: Trading update for the period ended 31 August 2020 - AfricanFinancials
    • ayoubb
      ayoubb on 13 Feb 21
       
      CASSAVA
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SimbPay Money Transfer Service in Kenya - KCB Bank Kenya Ltd - 0 views

ke.kcbgroup.com/...simbapay Simbapay Services Remittance
shared by nourserghini on 13 Feb 21 - No Cached
  • This is simply the low cost, simple and secure way to send money worldwide online. What you can do with SimbaPay Bank Deposit: Transfer money directly to your receiver’s bank account. Mobile Wallet: Send money directly to a mobile money account.
    • nourserghini
      nourserghini on 13 Feb 21
       
      Simbapay is a platform that allows costumers to transfer their money to another account directly and to send money to a mobile money receiver.
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From M-Pesa to Ushahidi: how African tech is fighting the coronavirus - Friends of Europe - 0 views

www.friendsofeurope.org/...ch-is-fighting-the-coronavirus CashFlow Grow Fees Users
shared by kaoutarchennoufi on 13 Feb 21 - No Cached
  • The main telecoms operators in the country are all pitching in too – starting with Safaricom which uses the M-Pesa mobile application. In my book “Startup Lions, at the heart of African Tech” I explain how M-Pesa was born organically (and unexpectedly) from contact with the poorest Kenyan populations who didn’t even have bank accounts. A great many of them used ‘m-banking’ to gain financial independence which led to the M-Pesa service having over 22.6 million users in Kenya in 2019 – almost two-thirds of the adult population. A few hours after the president’s announcement, M-Pesa decided to drastically reduce its usage fees and to remove the daily transaction volume limit across the board in order to increase cash flow.
    • kaoutarchennoufi
      kaoutarchennoufi on 13 Feb 21
       
      M-Pesa has made the decision to increase its cash flow by reducing its usage fees and removing the daily transaction volume limit across the board. However, I think that it is not a good strategy to reach that goals. They need to follow other ways such as encouraging E-payments, paying less their suppliers, offer discounts, increase their fees..
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Cassava Smartech Zimbabwe Limited (CSZL.zw) Investor Relations - 0 views

cszlinvestor.com
shared by ayoubb on 13 Feb 21 - No Cached
  • Cassava Smartech Zimbabwe Limited (CSZL.zw) Investor Relations
    • ayoubb
      ayoubb on 13 Feb 21
       
      CASSAVA
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