FINTECH FAIR CATALOG

Dear colleague,

Thank you for joining us for our Fintech Day, an opportunity to learn about some of the interesting trends and applications relevant to financial inclusion. We hope you find it fun and exciting.

One of CGAP’s goals is to help providers to apply a broad range of innovative financial services and tools – leveraging the scale of digital payments – to further financial inclusion. By bringing together Fintechs and financial service providers, we can help providers identify new opportunities, such has helping them to apply innovations in the context of what they do or to identify ways to expand their customer base.

CGAP has been working with a few of these Fintech firms through pilots that test their contribution to financial inclusion. Today’s program highlights some of this work, but this is an ongoing agenda and we expect to launch additional pilots soon. These experiments help Fintech companies produce credible proof points that de-risk investment by financial service providers and create a market for the development and delivery of these innovations by new players.

In this catalog, you will find the profiles of several Fintech companies in the financial inclusion space that are here today. We hope this event brings new opportunities to connect, engage and collaborate.

Thank you,

Maria Fernandez VidalCGAP

www.cgap.org

DAR es SALAAM

TANZANIA

FEB 7, 2017

@CGAP#CGAPsolutions

1. SOMA

2. CHAMASOFT

3. NOMANINI

4. JAMII

5. KOPO KOPO

6. JUMO

7. GRAFICA

8. FARMERLINE

9. PAYGO ENERGY

10. JUNTOS

11. FACTS

12. INUKA

13. SOCIAL LENDER

14. FARMDRIVE

15. LENDDO

16. TECH4FARMERS

17. GO FINANCE

18. FIRST ACCESS

19. ARIFU

20. LULALEND

21. BRANCH

CONTENTS

1. SOMA

SOMA is a company operating a digital platform for training and managing cash-based Savings Groups as a ‘channel’ for development. Jointly developed by the Aga Khan Foundation (AKF) and UX Information Technologies (UX) in Mozambique, it was created in response to a challenge posed by FSD(Moç) to reduce the cost of the creation of Savings Groups (SG) by 80% to $10 per member. As important as cost reduction, SOMA tracks SGs and their trainers, in order to provide a means for sustained engagement between groups, the private sector and philanthropic entities.

SOMA uses a simplified video-based training approach, based on the Savings for Change (SfC) Methodology created by Freedom from Hunger (FFH) . SOMA’s systems are entirely paperless, and accessible to members with a low literacy level. We offer two products: Low cost savings group training, and the facilitation of additional services to established groups.

representative: Tiago Borges Coelho, Co-Foundere-mail: tiago@ux.co.mzwebsite: www.soma.co.mz

NOTES

2. CHAMASOFT

Chamasoft Limited is a Cloud platform provider aiming to digitize savings and investments groups across the world, using web and mobile technology. We work with other ecosystem players to integrate the necessary data , for instance, bank feeds and telco mobile alerts into our platform in order to increase transparency in these groups, enabling them to focus on their core purpose, Investments and Savings.

representative: Martin S. Njuguna, Founder and CEOe-mail: martin@chamasoft.comwebsite: www.chamasoft.com

NOTES

3. NOMANINI

Nomanini means ‘Anytime’ in Siswati. It provides affordable access to payments for everyone, everywhere.

The company is a South African-based enterprise payments platform provider that optimises transactions in the informal retail sector.

Nomanini provides banks, mobile networks and mobile money operators with merchant tools and management platforms to enable widespread and convenient access to VAS products, cash transfers, bill payments and bank transactions for people in informal markets. Nomanini has Pan-African partnerships enabling thousands of informal merchants to provide banking services in their local communities.

representative: Vahid Monadjem, Founder and CEOe-mail: vahid@nomanini.comwebsite: www.nomanini.com

NOTES

4. JAMII

Jamii Africa is a Mobile micro-health insurance product in Tanzania, launched in partnership with The Jubilee Insurance of Tanzania ltd and Vodacom Tanzania Ltd. Jamii enables the low income population access quality health care by providing affordable health insurance from $1 a month!

representative: Lilian Makoi, Founder and CEOe-mail: lilianc@jamiiafrica.comwebsite: www.jamiiafrica.com

NOTES

5. KOPO KOPO

Kopo Kopo is a financial technology company based in Nairobi Kenya, that leverages and builds on data to help small and medium enterprises grow.

Kopo Kopo’s software powers the largest independent merchant network in the mobile money industry. Our merchant services include: 1) Payment Aggregation, 2) Business-to-Business Payments, 3) Merchant Cash Advances, 4) SMS Advertising, and 5) Business Intelligence. Merchant services are available via Android, SMS/USSD, and Web. Kopo Kopo also offers a suite of ISO/Acquirer tools for merchant acquirers like banks, mobile network operators, and 3rd parties.

representative: Kenneth Minae Kinyua, CEOe-mail: ken@kopokopo.comwebsite: www.kopokopo.com

NOTES

6. JUMO

JUMO is a transaction and predictive technology platform for people, mobile networks and banks. We help people and small businesses in emerging markets access great savings and borrowing choices, we help mobile networks grow their mobile money ecosystems and we help banks become better at understanding their customers and offering them better choices.

JUMO has grown from a team of 7 to 225, rolling out our products across Kenya, Tanzania, Zambia, Uganda, Rwanda and Ghana with our partners, Airtel, Tigo and MTN. We use data to understand what financial opportunities people need and then we put the power of that choice in the palm of their hands.

JUMO’s proprietary platform lets more people in more places access the benefits of digital financial services. We love mobile money and we are working hard to reach people who have not had these choices before.

representative: Carlo Ricci, Strategic Global Partnershipse-mail: carlo.ricci@jumo.worldwebsite: www.jumo.world

NOTES

7. GRAFICA

Grafica offers a data analytics financing platform that connects off-grid solar distributors and lenders in Africa. With Grafica, off-grid solar distributors can credibly seek third party lenders to finance their working capital, freeing them to focus on their core competencies of manufacturing and distribution. Lenders can now rely on robust market intelligence and benchmarked loan structure projections to invest with confidence and optimize their returns.

representative: Yoann Berno, Founder and CEOe-mail: yoann@grafica.iowebsite: www.grafica.io

NOTES

8. FARMERLINE

Farmerline is a for-profit company that has built a social business, software technology, and partnership network reaching over 200,000 farmers across 5 countries in 3 years. Our mission is to enable millions of farmers to become successful entrepreneurs.

Farmerline’s proprietary MERGDATA software disseminates and collects information to and from farmers through mobile technology adapted with voice messages, local languages, and offline-enabled data. Through this platform, Farmerline sends farmers good agricultural practices (GAPs), weather reports, and market information systems across nine crops. The dissemination and collection tools combined provide support to every level of farming infrastructure across West Africa.

Farmerline is experimenting with a simple loan product, “Akuafo Mfaso” for cocoa farmers and Paytime(credit scoring and loan payment app) for the actors cocoa supply chain in Ghana. Paytime has the ability to do credit scoring for farmers based on cocoa production, sales and operational data.

representative: Alloysius Attah, Co-Founder and CEOe-mail: alloysius@farmerline.orgwebsite: www.farmerline.co

NOTES

9. PAYGO ENERGY

PayGo Energy is a distribution service that harnesses the power of pay-as-you-go-technology to bring modern fuel to homes everywhere. At PayGo, we’re developing smart metering systems that enable our customers to pre-pay for cooking gas. Our smart meters monitor gas consumption and predict when gas is going to run out. This allows us to provide an uninterrupted supply of affordable gas to our customers.

representative: Nick Quintong, Co-Founder and CEOe-mail: nick@paygoenergy.orgwebsite: www.paygoenergy.org

NOTES

10. JUNTOS

Juntos is a financial technology company based in Silicon Valley that partners with banks, MNOs, and other financial service providers around the world to increase customer engagement and utilization of financial services.

Juntos’ optimized SMS chatbots: 1) increase usage of accounts and profitability for financial institutions, 2) provide a trustworthy channel of communication via two-way interactive SMS messaging for customers and 3) empower customers to influence the service they receive through their messaging and behavioral responses which optimize the capabilities, language, and tone of the chatbot to fit their needs.

representative: Kate Johnson, Africa and Asia Accounts Managere-mail: kate@juntosglobal.comwebsite: www.juntosglobal.com

NOTES

11. FACTS

Financial Access Commerce & Trade Services (FACTS) is a finance company with operations in Kenya, Uganda and shortly in Tanzania. Our business is to provide entrepreneurs with the direly needed working capital to grow and support their businesses, through innovative Supply Chain Finance solutions.

Our financing model focuses on unlocking the monetary value in receivables/invoices ensuring that entrepreneurs don’t have to wait for the 30, 60, 90 days trade terms to access their money.

Main products include the Supplier Financing, an Early Payment programme (Reverse factoring) where a Buyer works together with FACTS to avail early payments to suppliers; and Distributor Financing, a Late Payment programme where a Processor/Seller and his selected Distributors work together with FACTS as the financing entity. FACTS assists Sellers to extend longer payment terms to Distributors and off-takers, by factoring authenticated and approved invoices enabling Sellers get timely payment for delivered goods.

representative: Maarten Susan, Regional Managere-mail: maarten.susan@factsafrica.comwebsite: www.factsafrica.com

NOTES

a 12. INUKA

14 Million Kenyans living in the rural areas access Credit via the 16,000 registered Co-operatives. These organizations take 2 days to 2 weeks to process loans hence members are not able to access loans in emergency cases. So members result in saving some money at home which increases misuse, insecurity and poor credit rating.

iNuka Pap is a mobile loan processing platform that provides Credit co-operative members in rural Africa with access to instant loans right on their mobile phones. We partner with the co-operatives, who then load float on our platform, they then prequalify loans amounts to their members based on each members credit history. We upload the list of members on our platform and they receive a message of how much they qualify and how to access the loans.

Our platform - USSD based allows the members access services via feature phones, then they withdraw from various M-Pesa agents.

representative: Waweru Kuria, CEOe-mail: wawerukuria@inukapap.co.kewebsite: www.inukapap.co.ke

NOTES

13. SOCIAL LENDER

Social Lender is a lending solution based on social reputation on mobile, online and social media platforms.

The solution is designed to bridge the gap of immediate fund access for people with limited access to formal credit. Social Lender uses its own proprietary algorithm to perform a social audit of the user on social media, online and other related platforms and gives a Social Reputation Score to each user. Loans are guaranteed by the user’s social profile and network allowing users to then borrow from banks and other financial institutions based on their social reputation.

Social Lender currently has over 11,000 registered users with a less than 4% default rate. Users can withdraw requested cash loans via existing banking channels including bank accounts and mobile money.

representative: Faith Ekwebelam Adesemowo, Co-Founder & CEOe-mail: faith@sociallenderng.comwebsite: www.sociallenderng.com

NOTES

14. FARMDRIVE

FarmDrive is a data analytics company built on a social mission. Using machine learning and mobile phone technology, we connect underserved smallholder farmers to financial services, while helping financial institutions cost effectively increase their agricultural loan portfolios.

We’ve built a machine learning credit scoring algorithm that targets each farming vertical and geographical region. By analyzing numerous streams of alternative data – from Kenya and around the world; both from the ground and from the sky; and from FarmDrive’s own mobile phone app on which farmers can keep track of their finances as well as apply for loans – the algorithm generates credit scores and decisions tools that enable financial institutions to lend to smallholder farmers.

In 2016 FarmDrive registered 3000 farmers, and facilitated over KES 13 million (USD 130,000) of loans. In 2017, they intend to scale the solution and increase financial inclusion for farmers across Africa.

representative: Peris Bosire, Co-Foundere-mail: peris@farmdrive.co.kewebsite: farmdrive.co.ke

NOTES

15. LENDDO

Lenddo is the world leader in Identity Verification and Credit Scoring technology using non-traditional data.

Founded in 2011, the Singaporean-based Software-as-a-Service company has developed its patented technology based on 4 years of actual online lending experience and helps financial service providers extend credit to consumers and SMEs in emerging markets by analyzing digital footprints to verify identities and assess risk. Its Data Science team, which includes many PhDs located in New-York, uses advanced machine learning techniques to build predictive algorithms that translate digital data, like Social media or Smartphone data, into insights around the consumer’s behavior, network, and strength of their relationships—information that can be highly predictive of people’s willingness and ability to repay a loan.

In January 2015, Lenddo opened its services for third parties, such as banks, lending institutions, Telcos and credit card companies worldwide to reduce risk, increase portfolio size, improve customer service and verify applicants.

representative: Florentin Lenoir, Marketing and Business Developmente-mail: florentin.lenoir@lenddo.comwebsite: www.lenddo.com

NOTES

16. TECH4FARMERS

Tech4farmers is a digital marketplace for agricultural commodities and input supplies. By leveraging SMS and USSD, Tech4farmers disseminates market information, and provides for payment using mobile money or Credit cards.

Our aim is to reduce transaction and operating costs between farmers and buyers/traders/offtakers through warehouse supply chain and structured trade. Our vision is to be the leading commodities exchange for agricultural produce. Customers include two enterprise clients in Uganda, with a network of more than 10,000 farmers.

representative: Deogratious Afimani, CEOe-mail: deo@tech4farmers.comwebsite: www.tech4farmers.com

NOTES

FinanceLending Business Intelligence Training

17. GO FINANCE

GO Finance is a non-deposit taking financial institution that seeks to increase access to working capital for micro, small, and medium enterprises (MSMEs) that are involved in identifiable business value chains by using enabling technology (such as developments around mobile money and cloud computing) and through collaborating with strategic partners (financial institutions, technology platform providers, et al).

It brings a range of financial solutions closer to underserved or unbanked small businesses (and their employees) at the base of the economic pyramid by working within select business value chains (such as Coca Cola, or Airtel), using technology as an enabler (such as mobile money as a transaction payments and collections channel), and through collaborating with strategic partners (such as TIB Development Bank as a debt provider).

representative: Geoffrey Ndosi, Executive Directore-mail: geoffrey.ndosi@gofinanceco.comwebsite: www.gofinanceco.com

NOTES

18. FIRST ACCESS

Smart credit profiling, scoring, and monitoring - where and when you need them. Use our groundbreaking platform to credit score anyone. Mine customer data, understand the patterns that lead to success, and configure a custom algorithm that will enable your staff to make smarter, faster credit decisions. Gone are the days of static expert scorecards and dusty credit manuals: customizable algorithms have arrived. Your data, your goals, and your process – accessible, enforceable, and auditable through our web interface or API.

First Access is an award-winning fintech company that offers a customizable credit scoring platform for lending institutions in emerging markets to credit score anyone. Our team has worked with microfinance institutions across Africa, Asia and Latin America. We understand the challenges and high costs of reaching first-time customers, developing rigorous business practices, and enforcing them. The future is data-driven, and we can help you get there faster.

representative: Anna Minja, Account Managere-mail: anna@firstaccessmarket.comwebsite: www.firstaccessmarket.com

NOTES

19. ARIFU

Arifu is a personal advisor helping people access essential information and training over any mobile phone. No internet, airtime, or money needed. Over 400,000 people in Kenya and Tanzania have chatted with the Arifu personal advisor to acquire new skills and discover innovative products and services offered by Arifu’s partners. As a result, Arifu has helped people to increase their savings, access larger loans, improve their repayment rates, multiply their yield, and build their income

representative: Craig Heintzman CEOe-mail: craig@arifu.comwebsite: www.arifu.com

NOTES

20. LULALEND

We believe small businesses are the key to local economic success and deserve an easy and inspiring lending experience. We work hard to empower businesses across South Africa with the funds they need to grow.

We deliver business funding using our Lulalend scoring technology, which takes into account the health of your business together with your personal credit score. We make sure that our funding costs and terms are transparent and understandable. We know that having someone to speak with about financing is important, so we have Specialists available to answer any questions.

representative: Neil Welman, Co-Founder and CTOe-mail: neil@lulalend.co.zawebsite: www.lulalend.co.za

NOTES

21. BRANCH

Branch is a for-profit socially conscious company based in San Francisco and Nairobi. We use technology to dramatically reduce the cost of delivering financial services in emerging markets. Our first product is credit. Branch is like a bank in your pocket, there for you at all times.

Branch eliminates the challenges of getting a loan by using the data on your phone to create a credit score. We encrypt the data you choose to share with us to protect your privacy. We do not share your information with third parties.

Our fees are clear and easy to understand. Our terms allow for easy repayment. We do not charge late fees or rollover fees. The more you use Branch, the better it gets. As you pay back on time, our fees decrease, and you unlock larger loans with more flexible terms.

representative: Sofia Zab, Director of Marketinge-mail: sofia@branch.cowebsite: www.branch.co

NOTES

NOTES

NOTES

www.cgap.org

@CGAP#CGAPsolutions

CGAP (Consultative Group to Assist the Poor) is a global partnership of over 30 leading

organizations that seek to advance financial inclusion. CGAP develops innovative solutions

through practical research and active engagement with financial service providers,

policy makers, and funders to enable approaches at scale. Housed at the World

Bank, CGAP combines a pragmatic approach to responsible market development with an

evidence-based advocacy platform to increase access to the financial services the poor need

to improve their lives.

More at www.cgap.org.

ABOUT CGAP