Spring 21 Capstone 640pm

THESTRATEGICFINTECHFRAMEWORK Theconceptofthe StrategicFintech frameworkisoneofmanagedinnovation.Itisabusinessschoolledapproachto managingchange.Itcombinestheecosystem,unitingchallengersandincumbents,governmentanduniversities.The alignmentofinterestsisdoneattheplatformle v el,allowingforcompetitionbutonale v elpla yground.Itbenefits fromindustryinsightandanunderstandingofemergingtrendsandconsumerbehavior .Atitscoreisatechnologyand competencefocus.Itisawa yofapproaching,addressingandactioninginno vativ echange. Havingastrategyfocuson Fintech innovation,beitacorporateornationallevel,isacommitmenttoasetof coherent,mutuallyreinforcingpracticesaimedatdeliveringadigital financialservice.Thisconeptiscapturedby Gomberetal(2018).Theideabehind StrategicFintech istopromotealignmentwithinanorganization,clarifyobjectives andpriorities,andhelpfocuscorpor atebeha viorandproductinno vation.Theo v er allstr ategyiscustomerfocused,but supportedb yboththebackandfrontoffice. Thecoretechnologiesbehind StrategicFintech arecentraltounderstandinghowcollaborationbenefitsthemajority ofparticipants.T akeforexampletheroleofArtificialIntelligencein Fintech,theabilityofadigitalcomputertoperform financialtasks.Thisresultsinblackbo xoutcomesunlessproperthoughtando v ersightgoesintothede v elopmentofits coreassumptions.Thisisa v oidedb yaholisticviewoftherisksandanunderstandingofthemo vingparts.

We do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.

We do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.

We do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.

QR code payment functionality in its new app, which it claims is the only ‘Scan to Pay’ offering from a South African bank that can be used across all major QR code-based payment providers including SnapScan and Zapper.

Mr Winter, however, feels security is actually enhanced by the likes of SnapScan and FlickPay, as the customer's credit card is never handled by the merchant so cannot be skimmed or copied. Mr Rusagara says the system is secure for both customer and retailer, with QR codes expiring upon use, or after 90 seconds.

"SnapScan does not charge shoppers any fees. Merchants pay a small transaction fee that is comparable or cheaper than using normal credit card facilities."

SnapScan users can not pay using the app at FNB Speedpoints, said SnapScan CEO Chris Zietsman."The SnapScan app can scan and pay some non-SnapScan generated QR codes. Before these are enabled, we carefully assess the security, user experience and tech stability of these solutions based on specific criteria to ensure the seamless experience our customers have come to appreciate. "Although SnapScan app users cannot currently scan FNB Speedpoint devices, they can already pay at a wide range of Masterpass enabled businesses such as Engen convenience stores, Payfast ecommerce merchants, and Takealot."SnapScan will be adding to that list in coming months, Zietsman said.

The idea to expand to higher educational micro-loans was gradual and evolved mostly with feedback from the field.

Let your shoppers scan to pay for goods or services purchased on your website.

Bosire and Kimani launched FarmDrive in May 2015. The digital recordkeeping platform serves as a basis for bankers to establish credit ratings and determine which farmers are best suited for small loans. FarmDrive’s pilot program consisted of 50 farmers. Today hundreds of thousands are in FarmDrive’s database; about 830 have received financing. In turn the banks pay FarmDrive for essentially functioning as their credit bureau for Kenya’s vast farming community. The two entrepreneurs have no intention of stopping there. “There are more than five million small farmers in Kenya,” Bosire says. “Throughout Africa it’s about 50 million. But when we started FarmDrive, we always had global ambitions. We’re building solutions for farmers in Asia too.”

Founded in May 2019, located in Cairo, Egypt, Capiter provides payment methods that offer on demand cash flow solutions for small to medium sized businesses. Capiter aims at offering their customers a full fintech experience. You can apply for our services at our website: www.capiter.net

Kiva partners with a range of organizations, including microfinance institutions (MFIs), social enterprises and nonprofits. Our partner organizations are united by a strong commitment to serving the needs of poor, vulnerable and/or excluded populations, either through financial services or by using credit to expand access to beneficial products and services.

2) The rise of lending in different modes. We’re seeing consumer finance products like ValU and Qasatly, credit scoring tools like Raseedi, and credit solutions for businesses like Capiter. ROSCAs (Rotating Savings And Credit Association) based models like MoneyFellows and Elgam3eya are also becoming popular.

STARTUP WATCH- E-commerce company Capiter plans to invest EGP 500 mn next year to expand its geographical presence and the network of its SME clients, CEO and founding partner Mahmoud Nouh said, according to Al Mal. The Cairo-based company, which was founded in May 2019, operates an app that connects small and medium companies to suppliers.

The fund is backed by some of the largest family offices and business leaders from Egypt and the MENA region​.​The strategy is the first of its kind in Egypt, utilizing local know-how and private capital to support & build solid foundations for its portfolio.FV has Lead and Co-Lead four highly sought after deals during its initial deployment, investing in two Fintech companies, Capiter & Nowpay, one in consumer internet/entertainment, Minly, and one in logistics (operating in stealth).

Once in East Africa, Flannery and Jackley agreed that they too would facilitate loans rather than donations. After weeks of brainstorming, they soon settled on the basic idea for Kiva. At first, they envisioned a few friends and family members lending money to a handful of entrepreneurs in East Africa. And then eventually, although they weren’t sure of the steps along the way, they saw Kiva evolving into a self-regulating online lending marketplace where microfinance institutions (MFIs) could raise loan capital to fund projects for small-business people in developing countries.

Kiva’s business plan was quite straightforward: An online platform would allow ordinary people to invest in small and medium enterprises (SMEs) in the developing world.

First investmentsFoundation Ventures has already made four investments – only one of which has been announced publicly. It led or co-led all the four rounds it invested in. The investments include:Capiter: A B2B ecommerce marketplace co-founded and led by Swvl’s co-founder and former COO Mahmoud Nouh. The startup had started with a lending product, offering cash flow solutions to small retailers but has recently expanded its offering to launch a B2B marketplace as well for grocery stores in Egypt. Foundation Ventures led Capiter’s recently closed investment round.

Microfinance platform Kiva has proven many times over that people are willing to give $25 microloans to entrepreneurs in developing countries. Now the platform is bringing its microfinance savvy to small business owners in struggling areas of the U.S. with Kiva City, a program launched this past June. The program has already proven successful in Detroit and New Orleans (the two launch cities), where 19 initial loans have been fulfilled by microlenders. That’s over $135,000 in loans.

Capiter reads like a tech-enabled provider of factoring services, writing that the company “pays suppliers immediately” when they sell to a client and then “collects the payments from [the clients] on flexible payment plans.” Capiter is currently in conversation with different investors in the region, Menabytes claims, to raise money to support its growth.