inteworld a innotribe semi finalists

We are glad to announce that we are semifinalists in the innotribe start-up challenge 2015. We are 1 of 60 (14 from Africa) startups selected to pitch our products at the regional show cases to be held in Cape Town, New York, London and Singapore

Innotribe is SWIFT’s fintech innovation initiative that brings together highly qualified financial services experts, angel investors, venture capitalists, and global fintech and financial decision makers.

We are 1 of 14 startups African startups selected to pitch our products at the regional show case in Cape Town South Africa. Another 46 from other regions will showcase in London, New York and Singapore.

If we do well, we shall secure a place in the finals and show case our products at Sibos in Singapore.

Being chosen by innotribe validates our business model of being the glue that will bring the bottom 2.5 billion people excluded from finance and commerce into the global digital economy.

How do we do this?

We do this through mobile devices. 70% of adults in emerging markets have access to mobile devices, this is an excellent channel to reach them.  

Cash is the defacto transaction model, but it’s a very inefficient way to transact for both the business receiving cash and the consumer paying with cash.

This article from MasterCard explains very well the cost of cash.

We’ve been trusted by big brands like MTN and Airtel to deliver solutions for them.

We’ve also currently do work for startups like ALTX (ALTX will offer an electronic marketplace where securities and derivatives are traded, providing a reach for investors in Africa to securities in various locations worldwide and to African securities for investors outside Africa.)  and xente (xente is a solutions that enables customers to send money internationally using mobile phone starting with the United Kingdom to Uganda corridor) to bring their ideas to life

We hope to leverage this  opportunity with innotribe to get exposure to customers, investors , coaches , mentors and partners that will help us make our products better for our customers.