Startups

South Africa’s Slide Financial, making payment as easy as sending a message

South Africa’s Slide Financial, making payment as easy as sending a message

Startups
South Africa’s Slide Financial founded by three young South Africans who recently returned from living in the States is simplifying the way South Africans pay each other by making payment as easy as sending a message. Inspired by PayPal-owned Venmo, the Slide app is a safe, simple and free way of sending money from one person to another using a mobile phone. Making a payment is as easy as sending a message. “Standard payments are often expensive and inconvenient, while cash is unsafe and not everyone has easy access to an ATM. This opened up the opportunity for Slide,” said co-founder Irshad Kathrada. Mobile phone penetration is growing quickly across South Africa, with more than 90% of adults having access to their own mobile phone, the slide team expects rapid growth as it helps low
LaLa World, Blockchain startup, aims for financial services for all

LaLa World, Blockchain startup, aims for financial services for all

Startups
LaLa World, a blockchain financial system has launched to counter the inherent shortcomings and apprehensions of the traditional financial system to bring the underbanked and underserved population of the world into the financial mainstream. According to the firm, it aims to venture where “no banker has gone before” with its plans to touch the lives of the vast population of the world whose lives haven’t been affected by the global financial system. Photo Credits: LaLa World has LaLa Wallet, a peer-to-peer ecosystem that aims to revolutionize the way in which people and micro and small businesses make transactions, payments and borrow money. It also aims to change how people buy insurance, remit money, perform daily transactions through cards (both virtual and physical) and buy bankin
Safaricom launches innovation center to come up with new products

Safaricom launches innovation center to come up with new products

Mobile, Startups
Safaricom, Kenya’s leading mobile network operator, and provider of the nation’s mobile money service, M-Pesa, has launched a new innovation center in Nairobi. According to Chief Innovation officer, Kamal Bhattacharya, a priority of the centre, dubbed Safaricom Alpha, is to identify spending patterns on M-pesa and turn those insights into additional Safaricom products. “Safaricom’s unique in that we have telco services and a financial services platform that connect nearly every household in Kenya largely on the basis of trade,”said Bhattacharya. He added they would like to move beyond M-Pesa by leveraging its power as a social network to connect people to other product solutions. Photo Credits: Safaricom has 73 percent of the Kenya’s mobile subscribers. Its M-Pesa fintec
Gates foundation launches mojaloop in partneship with ripple

Gates foundation launches mojaloop in partneship with ripple

Startups, Technology
In partnership with ripple, The Bill and Melinda Gates Foundation has launched Mojaloop, a blockchain ledger, to promote financial inclusion in Africa. Mojaloop, a decentralised and open source payments platform based on Ripple blockchain technology will simplify and reduce the cost of developing inclusive payment platforms. It will also enable an individual’s digital wallet to connect with her employer’s bank account and her children’s school account to complete monthly transactions. According to Kosta Peric, Deputy Director, Financial Services for the Poor, at the Gates Foundation, “Just as the internet revolutionized digital communication, open-source solutions like Mojaloop can spark innovation and democratize access to digital payments, empowering billions of new customers and d
Yassir taxi hailing App takes a go at Uber

Yassir taxi hailing App takes a go at Uber

Startups, Technology
Yassir is a new taxi hailing app in Algeria set to allow users to call cab drivers near them directly quickly and affordably. Yassir, developed by engineer and former Intel Corporation researcher Noureddine Tayebi, will be first launched in El Biar, Benaknoun, Cheraga, Dely Ibrahim, Ouled Fayet, Birmourad Rais, Mohamadia, Bab Ezzouar, Dar El Beida and Bordj El Kiffan then expanded to other communes later. It is not yet clear why Tayebi decided to launch Yassir but may be some of the reasons that make Uber unfavourable in other markets such as pricing, wait time and driver requirements are what could have moved the entrepreneur to get his hands dirty to launch his own company. Photo Credits: Yassir is looking for drivers with cars registered after 2007 and staying in the ten