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What some financial innovators are doing in 2018
From creating convenience in a township economy that thrives on cash, to eliminating cash in corporate offices and distilling big data on the continent, financial entrepreneurs are making moves in 2018.
Three entrepreneurs share their stories
Thabo Moodie founded his business Matla Risk Management Services in 2016 to offer a point of sale system to spaza shops in townships. The POS offers sales, ordering, accounting system and a merchant machine. Consumers can purchase airtime, electricity and pay bills on the POS. He is piloting his project with some spaza shops in Cosmo City, north of Johannesburg.
Across town in Sandton, Bart Rouan has created cashless corporates. Through his company Bart Rouan Technology, he is offering cashless canteen systems focusing on phone payments. With business spanning three provinces, he has also introduced Masterpass and Snapscan payment solutions to canteens.
For Mosa Nyamande, co-founder of Khonology, it’s about the continent. He has also taken his business to West Africa and East Africa. The company provides strategic financial solutions such as crowdfunding technology and financial regulatory compliance as well as offering consumers insights into their customers' behaviour.
You must always go for your dreams and believe that you can turn your dreams into reality and do what it takes to make that happen.
The trio was joined by six of their co-participants selected for the global exposure trip in financial innovation to Singapore:
- Christian Simbarashe – Nyakanyanga Kaleidotech Investments T/A Cyber Sentinel
- Dana Pretorius – Outsourced CFO
- Lynton Naicker – Snapslip Digital Receipting And Analytics Application
- Rahul Jain – Peach Payments
- Shadab Rahil – Payment24
Growth through innovative thinking
About the author
Lenyaro Sello
Digital content specialist
Lenyaro is a key member of Investec's Global Content team, based in Johannesburg, who focuses on relevant and topical issues for internal and external audiences including clients. She is a well-travelled multi-skilled multimedia journalist who previously held roles within eNews Channel Africa (eNCA) and Eyewitness News (EWN).
Investec CSI's Young Entrepreneurs Programme
A global programme
Our young entrepreneurs’ platform exposes South African entrepreneurs to global business thinking. This year's trips include Israel, Berlin, Singapore and Helsinki.
Sector focus
Every year Investec, in partnership with En-novate, sends a group of young entrepreneurs from various sectors to specifically selected countries in order to gain global exposure.
Networking opportunity
Each itinerary provides them with opportunities to network and to engage with venture capitalists, funders and captains of industry.
Inspiration
The aim is for them to return home not only stimulated and inspired, but also with a list of potential partners, funders and markets for their product or service.
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