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TRANSCRIPT
Founding Meeting FinTech Africa
“Banking is necessary, banks are not”, Bill Gates.
AgendaIntroductions
FinTech is hot
FinTech Africa Ecosystem
Discussion
Attendees• Alex van Groningen, CFO SA • Bridget King, Norton Rose Fulbright • Charles Savage, GT247.com • Colin Vallis, Talent10 Holdings • Dare Okoudjou, MFS Africa • Dumi Jere, Africatalysts • Glen Jordan, IMB Financial Services • Graham Fehrsen, Norton Rose Fulbright • Greg Voigt, Adlevocapital.com • Kerry Crawford, Norton Rose Fulbright • Melle Eijckelhoff, CFO SA • Nerushka Deosaran, Norton Rose Fulbright
• Rachel Balsham, MFS Africa • Riza Moosa, Norton Rose Fulbright • Rob Otty, Norton Rose Fulbright • Rohan Isaacs, Norton Rose Fulbright • Siyabonga Nhlumayo, Medu Capital • Tshwantsho Matsena, Standardbank • Vahid Monadjem, Nomanini • Wim van der Beek, Goodwell Investments
CFO South Africa • Brings together CFO’s and FDs of private companies and
public sector organisations • Organises 6 events per year in Sandton visited by 100 CFOs • Organises CFO Awards SA on 14 may visited by 250 CFOs • Publishes the CFO SA Magazine • Quarterly CFO Dinners and platinum member meetings • Approx. 1000 CFO interviews and blogs on CFO.co.za • Management Melle Eijckelhoff and Alex van Groningen
What is FinTech?Chris Skinner: “Fintech is about innovation and disruption of financial services. It has less to do with technology and more to do with business model reinvention and customer centric design.”
• Traditional fintech as ‘facilitators’ with larger incumbent technology firms supporting the financial services sector
• Emergent fintech as ‘disruptors’ with small innovative firms disintermediating incumbent financial services with technology.
http://thefinanser.co.uk/fsclub/2015/01/ghgh.html
Investments
http://www.accenture.com/Microsites/fsinsights/capital-markets-uk/Documents/Accenture-Global-Boom-in-Fintech-Investment.pdf
Categories
https://venturescannerinsights.files.wordpress.com/2014/10/slide1.jpg
Categories
http://www.ryersonfutures.ca/2014/09/fintech-features-friday-sept-19/
FinTech companies in Africa1.M-Pesa. Mobile based money transfer and microfinancing service. 2.InterSwitch. Electronic transaction switching and payment processing. 3.Paga. Innovative and universal access to financial services. 4.IMB. Wallet to buy airtime, electricity and tickets on your phone. 5.Nomanini. Facilitate cash payments in informal markets. 6.MicroCred. MicroFinance Bank Nigeria. 7.Cellulant. Mobile services and payments. 8.Gust Pay. Enabled people to pay by swiping wristbands. 9.Lendico. Digigal alternative to banks - peer-to-peer financing. 10.RocMyPeer. Peer-to peer-cash advances - social lending. 11.InVenture Aid, track and better understand finances. 12.Wizzit. Mobile banking services using its cellphones. 13.Bsavi. Help save and manage finances. 14.ExpenZa. App to track and manage finances. 15.22Seven. Personal financial management tool. 16.SnapScan. App using QR to pay for coffee, snacks etc.
FinTech Africa Ecosystem
Mapping developments
Community & monthly events Accelerating & Investing
Awards & Conference
fintech50.co.za
fintechafrica.co.za fintechcapital.co.za fintechawards.co.za
Thanks• Thanks to Rob Otty and Graham Fehrsen of Norton Rose
Fulbright South Africa for giving the opportunity to address you today
• Thanks to Wim van der Beek of Goodwell to help set up this meeting
• Thanks to you for coming to discuss the opportunity to stimulate FinTech in Africa and to set up a platform
Get involvedPlease contact us if you want to get involved. Help us to
organise the next FinTech Africa meeting.
Melle Eijckelhof, CEO CFO SA [email protected]
+27 82 5846243
Alex van Groningen, Founder CFO SA [email protected]
+27 76 9452905