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Ovamba

Ovamba is a Cameroon focused firm that focuses on creating managing investor / lender rights It was the perfect place to prove the model.

Ovamba was founded in 2013 in the US by long-time friends, Viola Llewellyn and Marvin Cole, who saw an opportunity to help empower fellow entrepreneurs in Africa by providing them with the access to finance needed in order to flourish their businesses. The problem they were solving was twofold; firstly, banks were slow and ill-equipped to adapt to meet the demands of fast moving African small busi

nesses; and secondly, banks’ limited due diligence procedures made it hard for entrepreneurs with no previous track record to get started. Marvin and Viola decided to combine their experience of the finance and technology sectors and build a platform that would offer fast access to business growth support delivered via mobile phone. Complementing its world-class technology, the platform further set itself apart by offering the ability to analyse real-time risk in Africa based on deep traditional and cultural knowledge from on-the-ground teams, thereby creating a system of both technical and local know-how. In 2014, Ovamba attracted significant investment from UK-based GLI Finance, whose backers include Blackrock Global, AXA Investment Managers and Barclays Wealth. Ovamba then set up its first operations in Cameroon – a country with over 200 local languages, Muslim and Christian communities, and an economy almost entirely comprised of SMEs. With a strong track record of successful transactions, in 2016 Ovamba attracted further investment from other investment platforms, such as Crowdcredit. This has enabled Ovamba to expand its operations across the border into Northern Nigeria and in South Africa, with a new office in Johannesburg.

20/10/2023

According to Tracxn (https://tracxn.com/d/explore/fintech-startups-in-central-africa/__giCu69LvGbU7cFiY4hLvCXW9CWZ3n-xBPhDuPjol11o/companies) , Central Africa has more than 160 fintech companies and startups. Of these, our focus shall be on the top 5 Trending Fintechs in the Region (Economic Community of Central African States) based on downloads. groups 11 countries which are Angola, Burundi, Cameroon, Central African Republic, Chad, Congo, Democratic Republic of the Congo, Equatorial Guinea, Gabon, Rwanda and Sao Tome and Principe.

Fintech
1) Ejara: Founded in 2019 and based in Cameroon, Ejara is a Platform to trade with 100K+ downloads today.
2)PayPay Africa: Founded in 2020 in Angola, PayPay Africa offers a with QR code enabled. It has 100K+ downloads
3)Noupia was founded in 2020 in Cameroon and provides Virtual with instant Funding through Mobile solutions. Currently has more than 50K downloads
4) Nkwa was founded in Cameroon in 2020 to allow for Individuals. It currently has more than 10K downloads.
5) Kola is a to improve personal finance management. It was founded in 2019 in Cameroon with more than 10K download currently.

Bonus: Diool, a cloud-based Payment solution founded in 2015 in Cameroon with more than 5K downloads.
Most of these tend to focus on solutions or issues.

15/10/2023

Auparavant, une r***e de la à travers le monde de la avait été éffectuée et il en était ressorti que si les pays développés avaient déjà établi l' , les pays d'Afrique et du Moyen-Orient s'efforçaient encore d'accroître l' . C’est pourquoi, en matière de , les marchés émergents et frontières constituent l’environnement le plus fertile pour prospérer car les besoins sont énormes.

10/10/2023

Previously the landscape worldwide was assessed and it was discovered that while developed countries have already established
, African and Middle Eastern countries were still working towards increasing . This is why when it comes to , Emerging and Frontier Markets are the most fertile environment to thrive because there is a huge need.

03/10/2023

Dans les régions du monde où l' ̀re est supérieure à 70%, l'accent du n’est pas mis sur la façon d’intégrer plus de personnes pour utiliser mais plutôt sur la façon de les garder engagées à l'utilisation de ces services. Par exemple, dans le cas de l’Europe, selon une récente enquête menée par McKinsey en France, en Allemagne, en Italie, aux Pays-Bas, au Portugal, en Espagne et au Royaume-Uni (Europe’s fintech opportunity | McKinsey), a montré que les titulaires de comptes bancaires s’engagent auprès des à la recherche de meilleurs services en ce qui concerne la , la facilité d’accès, la rapidité, la et les améliorations. Pour ces titulaires de comptes européens, la est aussi importante que la facilité d’accès avec 32% des clients s’engageant avec des en raison d’une différence positive dans ces aspects. Alors que 30% des clients s’engagent avec la en raison de la rapidité du service tandis que la qualité des services ne compte que pour 22% des clients et les améliorations pour 17%.
Pour le Moyen-Orient et l’Afrique, la se concentre toujours sur la façon d’intégrer autant de personnes que possible pour utiliser les . En effet, les transactions dans ces régions sont encore très « liquides », jusqu’à 90% des transactions se déroulant encore en espèces. C’est particulièrement vrai pour l’Afrique (Fintech in Africa: The end of the beginning | McKinsey).
Bien que les applications de la diffèrent d’une partie du monde à l’autre, le secteur a encore de beaux jours devant lui avec un TCAC de 74,16% d’ici 2025 (Global Fintech Market - Size, Outlook, Trends and Forecasts (2019 – 2025) (envisioninteligence.com)).

01/10/2023

In world regions with above 70%, focus is not on how to onboard more people to use but rather on how to keep them engaged with them. For example in the case of Europe, according a recent survey of McKinsey in France, Germany, Italy, Netherland, Portugal, Spain and UK (Europe’s fintech opportunity | McKinsey), showed that bank account owners engage with seeking better services when it comes to , ease of access, speed, and . For these European account owners, matters as much as ease of access with 32% of customers engaging with because of a positive difference in these aspects. Whereas 30% of customers engage with because of speed of service while services’ quality matters for only 22% of the customers and improvements for 17%.
For the Middle East and Africa, focus is still on how to onboard as many people as possible to use . That is because transactions in these regions are still very ‘liquid’ with up to 90% of transactions still happening in cash. This is especially true for Africa (Fintech in Africa: The end of the beginning | McKinsey).

Although applications differ from one part of the world to another, the sector still have beautiful days ahead with a CAGR of 74.16% by 2025 (Global Fintech Market - Size, Outlook, Trends and Forecasts (2019 – 2025) (envisioninteligence.com)).

29/09/2023

La fintech a eu un impact considérable sur le secteur financier. C’est indéniable. Cependant, l’impact diffère selon les régions du monde où les performent. Cela est dû au fait que toutes les régions du monde ne connaissent pas la même ̀re .
Selon la base de données Global Findex du Groupe de la (The Global Findex Database 2021 (worldbank.org)), il existe une grande disparité entre les régions. Dans les régions Europe et Asie centrale, jusqu’à 90 % de la population âgée de plus de 15 ans détient un compte bancaire en 2021. Cette forte # ̀re est également vraie pour la région Asie de l’Est et Pacifique avec 83% de la population détenant un compte et Amérique latine et Caraïbes avec un taux de 74% en 2021.

Alors que dans la région de l’Asie du Sud, cette inclusion est tombée à 68% et au Moyen-Orient et en Afrique du Nord, elle dépasse à peine la barre des 50%, avec seulement 53% de la population de plus de 15 ans détenant un compte bancaire. En ce qui concerne l’Afrique subsaharienne, elle n’est pas très différente de la région Moyen-Orient et Afrique du Nord avec un taux d’ de 55%.

Compte tenu des informations ci-dessus sur le niveau d’ , il est clair que les régions ne sont pas confrontées aux mêmes défis pour l’augmenter. Par conséquent, l’accent mis par les sur les aspects bancaires sera différent d’une région à l’autre.

26/09/2023

has had a tremendous impact on the financial industry. That is undeniable. However, the impact differs depending in which region of the world perform. This is due to the fact that all regions in the world do not experience the same .

According to the Global Findex Database of the (The Global Findex Database 2021 (worldbank.org)), there is a great disparity between regions. In Europe & Central Asia Regions, up to 90% of the population above 15 years hold a bank account as of 2021. This high is also true for East Asia and Pacific Region with 83% of the population holding an account and Latin America & Carribeans with a rate of 74% as per 2021.
Whereas in the South Asia Region, this inclusion dropped to 68% and in the Middle East and North Africa it barely passes the 50% bar with only 53% of the population above 15 holding a bank account. Regarding Sub-Saharan Africa, it is not much different from the Middle East and North Africa Region with a financial inclusion rate of 55%.

Given the above information about the level of , it is clear that regions do not face the same challenges to increase it. Therefore focus on banking aspects will differ from one region to another.

25/09/2023

Important announcement. Be careful out there. These 2 individuals are out there using and abusing African companies and a few here in the states. BE WATCHFUL!!

19/09/2023

Everyone
are disruptive and that does not to be proven anymore. The disruption is noticeable because it affects many key aspects of the financial industry:
1) It speeds
2) It increases even to the more unlikely group of businesses especially in emerging and frontier markets
3) It increases as well thanks to automated and streamlined processes
4) It reduces by eliminating intermediaries and speeding the process
5) Etc
Key areas in the financial industry disrupted by fintech are so many. through its flagship Growth-As-A-Service has developed technologies that have contributed in helping SMEs in sustainable . To learn out more about Ovamba technologies go to
https://www.ovamba.com/technology-services/key-modules

13/09/2023

Everyone
We have been hearing talks about for some years now, especially on how it is making a difference in the financial industry. However we can’t stop asking ourselves what exactly is ? Why are Fintech companies in the financial industry?

Financial Technology aka is the integration of technology programs and solutions into processes in order to enable, speed and enhance financial services delivery. Given this definition we can already oversee why Fintech companies are : they couple speed to convenience to service a larger customer base compared to traditional banks.
1) have more room to onboard customers compared to traditional banks. Their centric approach that focuses on the experience through streamlined complex make their services -friendly therefore resulting in fast .
2) Additionally, the absence of a environment and the leverage of allows them to constantly make changes in their model to reach the masses.

27/06/2023

Happy Eid Al Adha to all our Muslim friends! Enjoy your day!

16/06/2023

Online ordering has facilitated coffee shop services. When placing an order, the customer is:

- Updated on the status of his order
- Notified when his order will be ready for pickup

can help your be efficient by allowing your customers to place orders and track them from your mobile App.

Contact at [email protected] for more information.

Adresse

Douala

Site Web

https://www.ovamba.com/

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