Credpal is an innovative solution that allows businesses and individuals buy anything and pay for it in instalments across online and offline merchants by providing them with instant access to credit at the point of checkout.
Encore Pay is a UAE-based FinTech company that specializes in providing comprehensive payment solutions. The company has developed a payment platform designed to facilitate digital payments across various customer touchpoints. Its offerings include payment infrastructure, neo banking, mobile money, agency banking, merchant payments, and kiosk payments. This diverse range of services allows businesses to quickly launch and efficiently manage their payment operations with minimal turnaround time. By focusing on enhancing the payment experience, Encore Pay aims to support the evolving needs of businesses in the digital economy.
Yep! is a financial super app designed to serve small businesses and retail customers by providing a range of banking and payment services. Its platform includes features such as personal banking, payment link creation, and integration with payment gateways. Additionally, Yep! offers instant loans and quick disbursements, leveraging artificial intelligence and machine learning to enhance user experience. This allows customers to easily track their spending, manage savings, invest, and make payments, all through a single, user-friendly application.
MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.
Lipa Later is a Nairobi-based financial service provider that offers electronic loans, business loans, and salary loans aimed at individuals and businesses within the low to middle income bracket in Kenya. The company operates a lending marketplace platform that facilitates point-of-sale credit options, allowing retailers to sell goods and services to consumers. This innovative approach enables customers to purchase items online and pay for them in manageable monthly installments, making technology and goods more accessible. By focusing on affordability and convenience, Lipa Later supports both consumers and retailers in the Kenyan market.
Yellow Card Financial, LLC operates an online cryptocurrency trading platform that facilitates the buying and selling of Bitcoin and other cryptocurrencies without the need for a bank account. Founded in 2016 and headquartered in Chamblee, Georgia, the company offers a range of services including over-the-counter cryptocurrency trading, payment solutions, and currency exchange. Additionally, Yellow Card provides gift cards for cryptocurrency, aiming to transform the traditional remittance market in Nigeria and other countries. The company also has physical locations in Nigeria, Tanzania, Cameroon, Kenya, and South Africa, enhancing its accessibility for customers seeking to engage in cryptocurrency transactions.
Pezesha Africa Limited operates as a peer-to-peer micro-lending marketplace that connects lenders with underserved low-income borrowers, particularly micro-businesses. Founded in 2016 and based in Nairobi, Kenya, Pezesha utilizes data analytics to match creditworthy borrowers with lenders, facilitating access to affordable credit options. The platform aims to integrate various financial services, promoting a shared economy that benefits both borrowers and investors. By providing opportunities for small and medium-sized enterprises to access working capital, Pezesha plays a crucial role in incorporating these businesses into the formal financial system, thus supporting their growth and sustainability.
GetEquity is a financial platform focused on democratizing access to private investments. It enables investors to trade tokenized equity in startups with a minimum investment of ten dollars, facilitating participation in the private market. The platform provides tools for investors to organize and manage their assets efficiently, creating a streamlined experience for investing in startups from various locations. Additionally, GetEquity aims to enhance liquidity in traditionally illiquid markets through the sale of secondary equity, fostering a more inclusive investment ecosystem.
MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.
BFree is a developer of a credit management platform that aims to enhance the credit collection process while prioritizing consumers' financial health. The company utilizes artificial intelligence to create ethical credit management tools, making the collection processes more scalable, efficient, and user-friendly. By focusing on sustainability, BFree empowers customers, particularly in emerging markets, to take control of their finances. The platform allows users to self-administer their loan repayments and gain essential knowledge in personal budgeting and financial management, ultimately leading them out of debt.
GetEquity is a financial platform focused on democratizing access to private investments. It enables investors to trade tokenized equity in startups with a minimum investment of ten dollars, facilitating participation in the private market. The platform provides tools for investors to organize and manage their assets efficiently, creating a streamlined experience for investing in startups from various locations. Additionally, GetEquity aims to enhance liquidity in traditionally illiquid markets through the sale of secondary equity, fostering a more inclusive investment ecosystem.
Despite the availability of online and mobile payment applications from Banks, Telcos and financial technology companies (Fintechs) over 90% of payments are still made by cash & cheques. This is because no application currently offers sufficiently compelling features to cause a shift away from traditional payment methods.Popote is a payments application that goes beyond fulfilling the transaction by providing compelling accounting and management features. It offers team collaboration, approval controls, income & expense accounting, VAT return, P&L and more. Popote is a replacement to cash, cheques and paper/excel based accounting. Popote Payments was established in 2013 by Sam Wanjohi, with the need to explore applications that enhance the growth and use of information technology in and for Africa. It is based in Nairobi.
Credpal is an innovative solution that allows businesses and individuals buy anything and pay for it in instalments across online and offline merchants by providing them with instant access to credit at the point of checkout.
Riby, a finance technology company, provides a finance management platform for cooperatives, company groups, employees, individuals, associations, and financial development institutions. The company is based in Lagos, Nigeria.
Bankly is a digital savings and peer to peer transfer product where users fund their wallet using tokens available on Bankly vouchers nationwide in a “Recharge to save” model. This cash digitisation system is similar to the telco mobile airtime top up and is currently available on MTN and 9mobile networks in Nigeria. Financial services has to be seen through the lenses of a fast moving consumer product in order to reach the last mile and the use of vouchers has been proven to be a successful cash digitisation system by the telecoms industry. Leveraging this existing consumer behaviour to drive financial inclusion, reduce cost of financial services and create a foundation to provide other financial services is where Bankly identifies huge potential and is poised to make an impact.
Rensource Inc offers subscription based solar power services to to consumers and small businesses. The company generates electricity using small solar-hybrid systems that are installed in the premises of the final customer. It offers different subscription plans which include Go, Eco, Duplo, and Pro based on energy requirements of the customer. Rensource Inc was founded in 2015 and is based in Lagos, Nigeria.
Migo operates a digital Credit-as-a-Service platform designed for banks, mobile operators, retailers, and payment processors, primarily in emerging markets. Founded in 2014 and based in San Francisco, the company provides a suite of tools, including APIs, frameworks, and consumer insights, enabling partners to develop innovative credit services. Migo's platform enhances traditional banking and payment card systems, allowing enterprises to extend credit to their customers effectively. Additionally, Migo offers an in-memory analytics service that processes large volumes of mobile data, helping mobile operators monetize their data and assisting financial institutions in reaching more clients. Its services include credit scoring based on mobile behavior, fraud detection, customer identity verification, and risk analysis, all aimed at improving financial access and security for consumers.
Commerce in Africa is deeply facilitated by cash, but cash-based transactions are expensive, unsafe, and difficult to track. Suregifts identified an opportunity to take advantage of the growth and adoption of the internet and all things digital in Africa by creating a simple, yet safe alternative currency to be utilised for specific purposes; Vouchers. At the core of what SureGifts does, is selling and maintaining an inventory of vouchers, which can be exchanged between two or more parties, and spent at a closed but extensive network of merchants across Africa for a near-unlimited assortment of goods and services.
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