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TeamApt Secures Switching License From CBN To Power Payment Infrastructure Solution, AptPay

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APRIL 5, 2019 — TeamApt hosted the press community at its headquarters to announce the switching license that has been awarded to the company by the CBN. The license powers AptPay, one of TeamApt’s products, to lead a financial revolution as it provides solutions for different customer segments in the Nigerian society.


TeamApt CEO, Tosin Eniolorunda, describing the impact of the license says “It is the highest license awarded to any fintech by the CBN because the license allows you to put all the banks together and be able to debit their banking position with the central bank. What this translates to is that with AptPay, TeamApt can actually move money across the banks without putting our money down. This license puts TeamApt on the same level as other Tier-1 financial technology companies.”

He went further by saying, “If through a payment gateway, a buyer pays a merchant for a product and the payment gateway provider needs to pay the merchant instantly, without the license, the provider will have to pay with its own money. But with the license, the provider is merely moving the bank funds around without tying down its money”

Dumebi Duru, the team lead for AptPay, which is a robust payment infrastructure powering payment processing, interbank transfers, and direct debits describes the switching license as the ‘last piece to the matrix’.

The press members were also taken on a tour of the company, meeting with product team-heads to fully understand the scope of TeamApt’s service offerings in the finance industry.


Simpa Saiki, product-head for moneytor, explained how moneytor is an omnichannel digital banking solution for banks that want to provide end to end and personalized banking services to different banking personas. He also illustrated how TeamApt builds white-labelled end-to-end online banking products from the ground up, which are customized for the banks.

Moving on to the next team, Emeka Ibe who leads the profectus robotics process automation team explains how the solution helps banks cut down massively on manpower hours and operational costs by automating E-banking processes such as settlements, reconciliations and dispute resolutions.


Product head for Moneytor, Tunde Ogidan, spoke on how the product is focusing on solutions for the underbanked and unbanked. “As you know, with a population of 200 million Nigerians, there are only 17,000 ATMs available” he said as he highlighted the problem the product is solving. Moniepoint is engaging agents to offer secured soft banking services to reach the 180 million unbanked Nigerians. “We plan to hit 12,000 units nationwide by the end of 2019” Tunde said.

The press members also met with the Monnify team led by Tobi Amira. He explains that Monnify is going to digitize in-person payments which were hitherto impossible. ‘With monnify, you will be able to pay your tailor or your water supplier conveniently and capture the transaction digitally’.

When asked what plans TeamApt has for scaling across Africa, Tosin, the CEO explained the company was in advanced talks with 6 banks in Ghana with expansion plans underway in Tanzania. He also hinted at plans to expand outside Africa before the end of Q4 2020.

TeamApt Limited is a financial technology company in Lagos with a mission to create financial happiness through the development of Digital Banking, Digital Business solutions and running Payment Infrastructure for Africa, with a customer base of 26 banks across Africa, including Zenith, ALAT by Wema, UBA, First Bank, GTBank and Access Bank.

Also Read Interview With Doja Culinary Company CEO, Onaopemipo Dara

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Oge Okonkwo, Marketing Manager at TeamApt addressing the press

Oge Okonkwo, Marketing Manager at TeamApt taking the press through the company’s vision and mission.

 

TeamApt CEO, Tosin Eniolorunda with the press.

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Technology

Three African-American Female Engineers Who Changed Our World

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Image source: Pexels

The fields of science, technology, engineering, and mathematics (STEM) produce innovation that drives us forward as a species. Despite the fact that women and people of color have often been at the forefront of new discoveries, their representation within the STEM fields is historically low.

As culture progresses in understanding toward the value of a diverse workforce, those seeking out the future leaders of STEM are reaching out to underrepresented populations – specifically, women and people of color. One such outreach is ‘Introduce a Girl to Engineering Day’, a global campaign established by the National Society of Professional Engineers.

The event, which takes place this February 25, is run by teachers, volunteers, and STEM professionals, and includes engaging engineering-based learning activities that encourage young women to develop problem solving skills and indulge their interest in science and engineering.

The road to their future success was paved by the intrepid women who came before them, including these three remarkable African-American female engineers:

  • Kimberly Bryant: Seeking to create an inclusive technology learning space for young women of color, Ms. Bryant created the not-for-profit coding camp Black Girls Code. As of late 2019, the organization has 15 chapters, and Ms. Bryant has been recognized as a White House Champion of Change for Tech Inclusion as well as one of 2013’s 25 Most Influential African Americans in Technology.
  • Dr. Patricia Bath: An early pioneer of laser surgery for cataract treatment, Dr. Bath was the first female member of the Jules Stein Eye Institute, the first female African-American surgeon at UCLA Medical Center, and the first female leader of a postgraduate ophthalmology training program.
  • Alice Parker: A housewife from New Jersey, Mrs. Parker developed and filed a patent for a gas-powered central heating system inspired by cold coastal winters. Her filing came before both the Women’s Liberation Movement and the Civil Rights Movement, a remarkable achievement for an African-American woman during her time.

More stories of African-American female engineers and  female leadership in engineering can be seen here:

To discover more about Introduce a Girl to Engineering Day, visit NSPE online.

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North Ladder Secures $5 Million Series A Financing Round To Accelerate Global Expansion

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North Ladder Team (Source: Siddharth Sudhakar)

North Ladder (previously called BuyBack Bazaar), a UAE based secured trading platform for pre-owned luxury assets and electronics, today announced a $5 million Series A funding round led by regional venture capital firm BECO Capital. The new investment will help the company scale up its technology platform, enhance customer experience and pursue further geographic expansion.

The homegrown start-up also revealed that it will begin operating under the new brand name North Ladder effective immediately, representing the company’s strategy of charting new markets and supporting individuals across the globe in their endeavour to elevate their financial situation. The disruptive and innovative technology platform is the first of its kind, providing access to verified buyers of second-hand goods and instant cash. North Ladder currently enables users to sell electronics such as phones, laptops, tablets, and smart watches, as well as luxury assets including watches and cars, with a unique option of buying it back within a few months.

The Series A financing builds on an exceptional year for North Ladder which saw rapid growth of its clients, network of buyers and corporate partnerships. To date, the platform has witnessed over 15,000 transactions in the UAE, with over 85 different nationalities served while earning an impressive 4.9/5 customer satisfaction rating. In 2021, the start-up is looking to establish its presence in the Kingdom of Saudi Arabia and the United States, with a focus on scaling the platform significantly in the next 18 to 24 months.

“North Ladder has demonstrated tremendous success with its unique model of helping customers access immediate funds against their assets. The provision of a seamless and trusted digital platform for the sale of pre-owned goods has immense socially transformative potential at a global scale. We are excited about partnering with them to take their services to the next level,” said Dany Farha, CEO & Managing Partner, BECO Capital.

The company recently appointed Sandeep Shetty, former Managing Director of the core ride hailing business at Careem, as Cofounder and Chief Executive Officer of North Ladder. Prior to Careem he also led the digital transformation program at Emirates NBD and has held leadership positions at McKinsey & Company and GE Capital across India, the United States and the Middle East. Sandeep joins the leadership team of co-founders Pishu Ganglani and Ricky Husaini who together bring years of prior global start-up, financial services, technology and operations experience.

“Our exciting partnership with the region’s leading investor BECO Capital gives us the opportunity to scale operations in the UAE and expand to other strategic markets, with the mission of meaningfully impacting people across all strata of society,” said Sandeep Shetty of North Ladder. “Our global auction brings professional buyers from around the world to compete and provide local customers with the best prices and no hidden surprises.”

Since its launch in 2018, North Ladder has been recognized as one of the “Top 5 innovative start-ups in the MENA region” by PayPal backed accelerator, Village Capital and awarded as an Innovator by Entrepreneur Middle East.

 

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Gebeya Inc. Launches App to Accelerate Access to Job Opportunities and Skilled Talent on the Continent

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Gebeya Inc. announced the launch of its new app: Gebeya Talent. With this, the Pan-African online talent marketplace will expand access to its network across the continent and around the globe. African talent seeking their next freelance work opportunity will now have access to these features:

  • A quick and easy application process
  • Save time with automatic matching with exciting projects inline with their skill sets
  • No bidding; get paid at rates that represent their capabilities and experience level; get paid in multiple currencies
  • Being part of an engaging, growing community with exclusive professional networking, events, free upskilling, and mentorship
  • Showcase their best work via custom portfolio and profile

Prior to the release of the Gebeya Talent app, the process to apply to join our talent network was largely manual, requiring intensive human involvement. Now, leveraging improved processes and automation, the process has greatly improved. Throughout the year, additional features will be added to streamline and further optimize the process, and leverage the full power of artificial intelligence and automation. From application, to testing, from interview to onboarding, potential candidates can expect to enjoy a seamless experience.

“We strive to be THE most-referenced freelance African Talent company. Having fast, reliable, seamless digital tools at the heart of our marketplace is a MUST,” said Amadou Daffe, CEO and Co-founder of Gebeya. “Currently, the process for talents wanting to join our marketplace takes anywhere from 1 to 2 weeks. “Our objective is that, with the Gebeya Talent app, we will be able to onboard a talent within 24 hours after they submit their application.”

A New Kind of Talent Marketplace

The year 2020 was abuzz with phrases like “future of work,” “gig economy,” and “remote work.” The release of the Gebeya Talent app proves that this bold, new future predicted has arrived. Access to opportunities for talent has expanded, as they are no longer restricted to their immediate geographic location; we follow a remote-first work model. And: anyone can download the app.

“This is only the beginning,” said Thierno Niang, Chief Platform Officer at Gebeya. “We launched a mobile app before a web application, because all of our talent have access to a phone. As we add features to the product, we will also expand to include a web app.”

The most in-demand talent for startups and corporations include: software development, graphics & design, project management, digital marketing, product management, cybersecurity, and artificial intelligence. But, as market needs evolve, so will the Gebeya Talent pool.

Best of African Talent for the World

The Gebeya Talent app grants access for talented professionals in Africa and its diaspora to join a community built with them in mind. Rather than bid against millions of freelancers in an anonymous pool of talent, they can be assured that every opportunity caters to their skill set and agreed-upon rate. No more underbidding, missed payments, or ghosted clients. Because Gebeya manages the entire process of matching, plus administrative and finance processes, talents are ensured timely and fair delivery of payment in exchange for their work.

Within the next three-to-five years, we anticipate identifying and vetting the top 100,000 talent. From that, we expect to onboard the top 20,000 best. If youre a talent from Africa or of African descent, seeking to join a community that will care about you, download the Gebeya Talent app and apply today.

A web-based application to connect clients of all sizes, including individual entrepreneurs, startups, and large enterprises with talent, will launch later this month. This will be for clients that are seeking to: diversify their workforce, augment their existing team, or expand into new markets without the hassle of opening a physical office. Our goal is that clients will be matched with talent within seconds, and within 24-to-48 hours of contract-signing, begin the work.

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