geo/kenya
Learn from John Gachora, Group Managing Director at NCBA Group PLC. about his journey to become a leader in the banking industry, digitization, and how NCBA Group became the largest bank in Africa serving SME clients with mobile financial services, especially in Kenya.
We're proud to share that our members 4G CAPITAL GROUP Limited (“4G CAPITAL”) and Citi with the U.S. International Development Finance Corporation (“DFC”) and the Ford Foundation have collaborated to expand financial inclusion through the provision of working capital to support the growth of micro-enterprises in Kenya.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management].
Learn in this publication how member 4G Capital use machine learning technology to provide scalable credit services for individual clients in Kenya, where the MSME finance gap is over $19 bn, making it the largest in Eastern Africa.
They were able to measure the impact of their working capital credit, and they saw customers increase their revenue by 82% over the course of one year, being 74% of their customers women.
Download their Social Impact Evalution - September 2018.
The Africa SME Finance Forum 2018 will examine the key challenges faced by MSMEs in Africa, and explore innovative local and global best practice solutions to promote youth entrepreneurship and enhance access to financing for MSMEs.
The TechPitch will be held in the afternoon of May 15, and will provide an opportunity for innovative fintechs to demo their product to global and emerging market investment firms, financial institutions and other Forum participants. This exclusive opportunity is one of the key features of the conference and is open to a limited number of financial technology innovators working in the SME space. Approximately 12 fintech companies are selected to demo their products to Forum participants during this 90-minute session.
We are pleased to already have a number of fintech innovators such as Lendable, TALA, SME Credit Pro, Mobbisurance, N-Frnds, LendEnable, Alternative Circle, Lenddo, Q-Lana, Topicus, Uber, TagPay, The Things Network and many others joining us during the TechPitch. See fintech descriptions below.
Confirmed TechPitchers
Alternative Circle is a fintech solutions company headquartered in Nairobi, Kenya. It provides financial access to over 200 million users in Africa and Asia.
LenddoEFL’s mission is to provide 1 billion people access to powerful financial products at a lower cost, faster and more conveniently. To date, LenddoEFL has provided credit scoring, verification and insights products to 50+ financial institutions, serving 6 million people and lending $2 billion USD.
Q-Lana is a comprehensive and easy to use cloud-based credit management platform serving SME Banks and their clients in developing countries.
Topicus helps banks, insurers and service providers make financing simple and accessible for consumers and entrepreneurs. It solves frustrating problems in processes by using technology as it is intended: a way of making things easier and more effective. Especially when it comes to complex financial matters.
LendEnable is a data aggregation and analytics company that works with lenders across emerging markets to help them build high quality SME loan portfolios and to grow their business. It provides a suite of tools that significantly reduces the turn-around-time (TAT) and the cost involved in sourcing relevant creditworthy clients.
N-Frnds is a ground-breaking cloud-based SaaS platform providing enterprises unparalleled reach to customers and suppliers in emerging markets. To date we already have a rapidly growing base of over 15 million committed users acquired through major global and local partnerships.
Lendable bridges the gap between institutional debt investors and high growth alternative lenders in Africa. The company employs technology-enabled deal services to help alternative lenders access structured finance to scale up their operations.
Mobbisurance
Mobbisurance is a South African based startup that is dedicated to providing access to affordable crop insurance to smallholder farmers. They utilize satellite imagery to, analyze crop growth, identify crop stress that is due to adverse weather such as drought or floods, and to also quantify the extent of damage.
Tala is an innovative, fast-paced mobile technology start-up, that provides a credit scoring and reporting platform to financial services institutions in emerging countries.
The SMECreditPro platform combines an online, intuitive, easy to fill out MSME information application with third party innovative data sources, artificial intelligence, and machine learning to provide MSMEs with the business, financial, and credit ratings.
Uber Technologies Inc. is a peer-to-peer ridesharing, food delivery, and transportation network company headquartered in San Francisco, California, with operations in 633 cities worldwide.
The Africa SME Finance Forum 2018 will examine the key challenges faced by MSMEs in Africa, and explore innovative local and global best practice solutions to promote youth entrepreneurship and enhance access to financing for MSMEs.
The Marketplace, an exclusive opportunity for B2B introductory meetings, had over 100 participants at the Global SME Finance Forum 2017 and is shaping up to be one of the most popular events!
This session will be held in the afternoon of May 15 and will provide an opportunity for financial institutions and other Forum participants to have a 15-minute one-on-one introductory meeting with investors, advisory service providers and financial technology companies. Participation in the Marketplace is free for registered attendees of the event.
We are pleased to already have a number of investors such as IFC, OPIC, Fern Software, Opportunity Network, Alternative Circle, LenddoEFL, Q-LANA, Strands Finance, DEG, Ennovative Capital, SOKOWATCH, FMO, Tala, Lendable, N-Frnds, Topicus, Mobbisurance, Triple Jump, Omidyar Network, AMP, SME Credit Pro, LendEnable, Uber, Fidor, Verde and Pay System joining us as vendors in the Marketplace.
If you would like to join the Marketplace as a vendor, please contact Hourn Thy.
Register for the Africa SME Finance Forum 2018 here.
InvoSoko Africa aim to facilitate closing the USD 75 billion Supply Chain Finance funding gap faced by small and medium-sized enterprises (SMEs) in Sub-saharan Africa. InvoSoko Africa will achieve this via technology and a new approach, providing a more efficient allocation of resources and fair access to capital. lnvoSoko Africa has adopted innovative and disruptive processes aimed at increasing visibility for SMEs in the region. To revolutionize the way SMEs thrive in the digital era by sying goodbye to invisibility.
