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Efayomi Carr

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[The Standard] Accelerating financial inclusion through the use of embedded finance

Originally posted on The Standard Embedded finance demonstrates an opportunity for fintechs, banks and lenders to create more tools and resources for those that may not have access to traditional banking. Until a few years ago, getting a loan from a bank was quite an arduous task. The banking and...

Efayomi Carr

[THISDAY] How a cashless Africa strengthens the economy of the continent

Originally posted on THISDAY The dream of a completely cashless Africa, where a Kenyan can trade easily with a Zambian despite the countries having different currencies and being in different economic zones, was a far-fetched reality less than a quarter of a century ago, and it was definitely a time...

Fintech in Africa

[Fintech Africa] Fintech Has Taken Off In Africa – Here’s Why It’s Not A Bubble

Originally posted on Fintech Africa Some of the most innovative models in fintech we’ve seen have come out of our Africa portfolio, such as the way Pula advanced embedded finance by bundling crop insurance with the seed bought by small farmers. This year, it seems the rest of the world...

Business Daily Africa - Efayomi Carr

[Business Daily Africa] Why embedded finance can build Africa's real estate

Originally posted on Business Daily Africa Africa's urban population has seen a boom over the last 35 years, with an increase in the number as well as the size of towns and cities, playing a key role in fostering rural-urban migration for millions of citizens who seek better fortunes and...

Efayomi TechTrendsKE

[TechTrendsKE] Africa's youth hold the key to the expansion of agritech across the continent

Originally posted on TechTrendsKE The Covid pandemic has focused global attention on the drastic need for food systems to change and become more efficient, cost-effective, and far-reaching. Longer term solutions such as land reform and policy change have come to the forefront but many are looking to agricultural technology (agritech)...

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[The Standard] Plumbing: The heartbeat of embedded finance

Originally posted on The Standard When one thinks about embedded finance, the first image that comes to mind might be a mobile payments tool in WeChat, or maybe a bank account for Uber workers. What they might not know is just how much work goes on behind the scenes to...

Flourish Focus: Apollo (Nairobi)

[Flourish Focus] A One-on-One with Apollo Agriculture Co-Founders

Despite the Covid-19 pandemic, fintech companies in Africa saw a surge in venture capital last year and today the region stands out among its emerging-market peers. Africa’s growing population of 1.2B people, its rising mobile adoption and digitization as well as the drop in Internet costs are among key factors...

Drone

[Business Daily Africa] Agritech is the next frontier in growing Africa food security

Originally posted on Business Daily Africa SUMMARY Over the past five years, funding in agritech start-ups across the African continent has been rising consistently, according to data from Disrupt Africa, with hot spots emerging in Kenya and South Africa. Many tech start-ups have developed solutions targeting various aspects of agriculture,...

Efayomi Carr

[The Standard] Adopting Open Data for Finance Could Boost Economic Growth in Ten Years

Originally posted on The Standard As we emerge from the pandemic, we are seeing several mutually reinforcing shifts in how the financial system functions. First, the basic digital infrastructure for finance, accounts, payments and identity is getting an upgrade. Second, this evolving financial technology stack, driven by APIs, is getting...

Efayomi One Jollof

[One Jollof] Building A Career Across The African Continent with Efayomi Carr

Originally posted on One Jollof Pepper Soup #19 features Efayomi Carr, Principal of Fintech focused Venture Capital Firm Flourish Ventures. Over the last 10 years Efe has worked in finance, governance and the entrepreneurship space across the African continent, including Nigeria, Sierra Leone, Ethiopia and Kenya.

[24Bit Podcast] The Opportunities Fintech brings to Africa: A discussion with Flourish Ventures Principal Efayomi Carr

Originally posted on 24Bit Podcast In this latest episode of our 24Bit podcast, I sat down with Efayomi Carr to discuss Fintech in Africa. Efayomi Carr is a Principal at Flourish Ventures, a Global Fintech Venture Firm that recently opened its offices in Kenya. The new office, the Silicon Valley-based VC...

[TechMoran] The fintech-focused VC space in Africa is fairly small, here is how Flourish Ventures is changing that

Originally posted on TechMoran The fintech-focused investment space in Africa is fairly small, but Flourish Ventures, a global fintech venture capital firm and arm of Omidyar Network, which launched 2 years ago with a $300m war-chest, is changing that for good. Flourish Ventures recently opened a new office in Nairobi...