Taxonomy

Efayomi Carr

[Techbuild.africa] Corner Stores – An Essential Sales Channel Across – Are Evolving With Digital Tools

Originally posted on Techbuild.africa In many African countries, corner shops are woven into the fabric of local communities. Their role in the economy is often underestimated. Globally, small and informal retailers make up a $900 billion industry. They are even more indispensable in Africa, representing 70% of all grocery sales...

Efayomi has seen firsthand how startups catalyze innovation and unleash opportunity for communities. He brings experience in entrepreneurship, social impact and finance to his role at Flourish, with a focus on Africa. Before Flourish, Efayomi was Head of Strategic Finance for Lori, a tech startup building cost-saving market infrastructure for...

[Bitcoin KE] The Celo Africa Web3 Fund Inaugural Event Kicks Off in Kenya – Next Stop, Nigeria

Originally posted on Bitcoin KE By CryptoGuru This is the first of a series of 4 events set to take place over the next 4 months of 2022 as Celo seeks to help Web3 projects access the needed funds to either launch or build their solutions on the Celo...

Mobile phone

[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...