Ovamba
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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
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)).
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
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