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June 2016 #BarclaysAccel
demoday
welcome to
Barclays Accelerator is run in collaboration with Absa (An Authorised
Financia...
The Barclays
Accelerator
powered by
Techstars, is an
intensive 13-week
programme for
fintech startups.
We help businesses
g...
1
Paul Nel
Head of Open Innovation
Ashley Veasey
Group CIO & CDO,
Barclays Africa Group
L
ate last year Barclays Africa Gr...
2
To pioneer such change requires working
with the likes of companies being
showcased today and committing to
implement th...
3
Meet the Barclays Rise team
Shirley Gilbey
Head of Commercialisation
for Open Innovation
Kenneth Kayser
VP Open Innovati...
4
5
W
hen you think of tech startup
hubs, you likely think of Silicon
Valley. But there’s another,
perhaps unexpected, place...
6
Meet
the
Techstars
team
Associates
Yossi Hasson
Managing Director
Emily Skinstad
Programme Manager
Jess Williamson
Globa...
77
8
Meet the 10 Companies
9
Asoriba, which means “church member” in the Ghanaian
language Twi, is a web and mobile management and
donation platform ...
10
Notes
11
Based in Accra, Ghana, BenBen is an interactive land information platform and
consensus database that aims to tackle th...
12
Notes
13
Beyonic offers a single payment platform for clients who work across multiple
markets to pay suppliers, employees and b...
14
Notes
15
Millions of people living in rural and semi-urban areas in Africa rely on SACCOs for
access to any financial services. ...
16
Notes
17
Over 37 million Tanzanians cannot afford hospital healthcare and pass away
from treatable illnesses because of the inab...
18
Notes
19
ReAble’s current technology is aimed at providing financial accessibility to a targeted
customer base of the 200 millio...
20
Notes
21
Using mobile money, SimbaPay allows the African diaspora to send money home
instantly at a 1/3rd of the cost of typical...
22
Notes
23
The solution is designed to bridge the gap of immediate fund access for people with
limited access to formal credit. So...
24
Notes
25
The Tech4Farmers platform provides target groups such as rural farmers,
warehouse operators, financial service provider...
26
Notes
27
The WizzPass platform allows for multiple uses ranging from daily users at shopping
centres to permanent employees and ...
28
Notes
29
Thank
you to
our
mentors
30
31
462applications
in the programme
weeks
13
33 entrepreneurs
103 mentors
9 dedicated associates
masterclasses
individual
...
32
Thank you
June 2016
#BarclaysAccel @Techstars @ThinkRiseAfrica
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barclays-techstars_lookbook_ct2016_print

  1. 1. June 2016 #BarclaysAccel demoday welcome to Barclays Accelerator is run in collaboration with Absa (An Authorised Financial Services Provider). Absa is a Member of Barclays.
  2. 2. The Barclays Accelerator powered by Techstars, is an intensive 13-week programme for fintech startups. We help businesses grow, develop their technologies and showcase their work at an exciting Demo Day, where the accelerator companies can present their ideas to industry experts. ContentsMessage from Barclays Message from Techstars Meet the 10 Companies Asoriba BenBen Beyonic iNuka Pap Jamii ReAble SimbaPay Social Lender Tech4Farmers WizzPass Thank you to our mentors Infographic 1 5 8 9 11 13 15 17 19 21 23 25 27 29 31
  3. 3. 1 Paul Nel Head of Open Innovation Ashley Veasey Group CIO & CDO, Barclays Africa Group L ate last year Barclays Africa Group together with Techstars identified 10 innovators within financial services from 9 countries to embark on a three month accelerator programme at Rise in Cape Town. We believe these companies are catalysts of change and our collective aim is to bring these interesting and bold opportunities to market. Today, industry faces a range of challenges. Many of these challenges present wonderful opportunities for refreshed and disruptive thinking. As a customer-centric bank, we’re responsible for challenging the status quo and delivering new solutions that are aimed at enhancing the customer experience.
  4. 4. 2 To pioneer such change requires working with the likes of companies being showcased today and committing to implement these concepts. Three months ago, these companies arrived in Cape Town with a rarely seen passion and desire to share their unique vision. We have witnessed incredible focus, creativity and delivery. The purpose of today is to demonstrate just how far these companies have progressed and how their strategic direction has unfolded. The diversity of these companies highlights the vast opportunity for change on the continent and across the world. On stage today you will see the culmination of hard work, intense mentoring, strategy formulation and product development and I’m sure, that within this cohort, are companies that will become household names. At Barclays Africa Group we are committed to continue working with these companies as they present innovative and dynamic value propositions to our customers. We trust you will enjoy the day with us and be as excited as we are about our shared future with companies like these innovating within financial services. “The industry today faces a range of challenges that present wonderful opportunities for refreshed and disruptive thinking to come to the fore.”
  5. 5. 3 Meet the Barclays Rise team Shirley Gilbey Head of Commercialisation for Open Innovation Kenneth Kayser VP Open Innovation Camilla Swart Ecosystem Manager Nicole Mountain Community Engagement Associate Charmaine Lambert Regulatory Specialist
  6. 6. 4
  7. 7. 5 W hen you think of tech startup hubs, you likely think of Silicon Valley. But there’s another, perhaps unexpected, place accelerating its economy and challenging the status quo of the FinTech landscape – Africa. This has been demonstrated by the ten companies selected for Africa’s inaugural Barclays Accelerator powered by Techstars. I feel privileged to have played a part in extending the global reach of the Techstars community to the continent and proud of the tremendous breadth of these entrepreneurs’ achievements. Working alongside founders from nine different countries has shown first hand the entrepreneurial talent, innovative capabilities and desire to effect change that exists on this continent. Our relationship with these founders is just starting. Techstars exists to support these promising founders throughout their lifelong journey, from “inspiration to IPO”. We’ll continue to provide access to tens of thousands of community leaders, founders, mentors, investors, and corporate partners, allowing entrepreneurs to continue to do more faster. None of this would have been possible without the dedication and commitment of the company mentors, who openly shared their hard-earned experience, so that our companies could learn from their successes and avoid their mistakes. The Barclays Rise team and Executive Sponsors also worked tirelessly with the companies to reimagine FinTech. I want to thank our programme manager Emily and nine associates who have worked long days and nights to ensure these companies succeed. Finally, I’d like to thank the Techstars Global sponsors for their continued support. The next frontier for FinTech disruption is here. It’s now. It’s Africa. Yossi Hasson Managing Director - Techstars (Barclays Accelerator) The next frontier for FinTech disruption is here. It’s now. It’s Africa.
  8. 8. 6 Meet the Techstars team Associates Yossi Hasson Managing Director Emily Skinstad Programme Manager Jess Williamson Global Programme Director 1. Surika Behrens Business/ Operations Associate 2. Aleks Andjelopolj Business Associate 3. Alicia Klassen Business Associate 4. Lauren Wallett Design Associate 5. Lawrence Joffe Tech Associate 6. Varnia Jacobs Business Associate 7. Julian Smida Design Associate 8. Guy Sawyer Tech Associate 9. Alex van Wyk Design Associate 1 2 3 4 5 9876
  9. 9. 77
  10. 10. 8 Meet the 10 Companies
  11. 11. 9 Asoriba, which means “church member” in the Ghanaian language Twi, is a web and mobile management and donation platform that facilitates effective church administration and seamless member engagement. Asoriba optimises the church operations of half a billion Christians across Africa through data solutions. This cloud-based software enables church administrators to effectively manage church membership, events, communication and finance. The application communicates and engages with members via SMS and the mobile app. Church leaders can use captured data to generate multiple reports such as church attendance and church branch activity. The Asoriba app also allows church members to conveniently make donations and offerings. Asoriba is actively working towards their quest of bringing technological advancement to churches in Africa. Over 400 churches are currently signed up on the platform, with an estimated 40,000 church members. Asoriba won Africa’s Best Startup at the inaugural Seedstars Africa in 2015. Earlier this year, the team also won the Innovate Africa Challenge, a business-pitching competition for startup in Africa. CNN describes Asoriba as “the app that’s changing religion in West Africa.” Nana Opoku Ware Ofori Agyeman-Prempeh CEO | nana@asoriba.com Saviour Kwaku Dzage CPO | saviour@asoriba.com Patrick Tutu Ohemeng CTO | patrick@asoriba.com Jesse Johnson CPO | jesse@asoriba.com Obed Asamoah Boateng VP Sales | obed@asoriba.com
  12. 12. 10 Notes
  13. 13. 11 Based in Accra, Ghana, BenBen is an interactive land information platform and consensus database that aims to tackle the inefficiencies of land administration. This is done to promote investment, reduce poverty and encourage transparent natural- resource management. BenBen uses Blockchain technology to provide governments, financial institutions, realtors and the general public instant access to property information through an easy-to-use searchable interface. BenBen generates revenue by providing access to paid-for-property information, mortgage origination, licensing, thematic data analysis and management to their clients which include banks, real estate developers and mining corporations. BenBen has also received a Grand Challenges Explorations Grant from the Bill and Melinda Gates Foundation to research the effectiveness of using the Blockchain to increase access to mobile payments. Daniel Bloch COO dbloch@benben.com.gh Emmanuel Noah CEO enoah@benben.com.gh BenBen is a digital land database that provides fast and easy access to trusted information about land through Blockchain technology.
  14. 14. 12 Notes
  15. 15. 13 Beyonic offers a single payment platform for clients who work across multiple markets to pay suppliers, employees and beneficiaries via mobile money. Beyonic’s partnerships with mobile network operators and digital financial service providers across Africa enable businesses to quickly deploy and manage two-way mobile money payments. The Beyonic platform, enterprise APIs and service delivery team give each enterprise customer a comprehensive solution to integrated mobile operations. The platform also assists in preventing financial mismanagement by keeping record of every payment by a company on one platform. In Uganda, Beyonic has grown in excess of 20% month-on-month for the past year. Beyonic serves over 50 enterprise customers, is operational in 4 countries, process transactions worth $1 million per month and has contractual access to 33 mobile network operators in 20 African countries. Beyonic’s mission is to eliminate the rampant use of cash in emerging markets. Dan Kleinbaum COO dan@beyonic.com Luke Kyohere CEO luke@beyonic.com
  16. 16. 14 Notes
  17. 17. 15 Millions of people living in rural and semi-urban areas in Africa rely on SACCOs for access to any financial services. iNuka Pap enables SACCOs to provide members access to instant loans anytime, anywhere. The loans are guaranteed by members and are payable in short periods of one to six months. SACCO members are able to get loans from their mobile phones and receive them on the iNuka Pap Wallet. Here members can withdraw from M-Pesa or use the iNuka Pap debit card to do transactions. These paperless transactions save time and money for both the SACCO and their members. iNuka Pap can integrate with any banking platform, as well as work independently without any integration required. Their target group consists of 60 million people registered with co-operatives across Africa. iNuka Pap’s operations are currently in Kenya where 13 million people belong to co-operatives, and they already have access to 10,000 customers on their platform. During the time of the Barclays Accelerator, iNuka Pap signed additional SACCOs, extending their access to over 120,000 members. Racheal Wanjiku Karanja COO wanjikukaranja@inukapap.co.ke Waweru Kuria CEO wawerukuria@inukapap.co.ke George Thiga Kabugi CMO george.kabugi@inukapap.co.ke iNuka Pap is a mobile platform that partners with savings and credit co-operatives (SACCOs) in Africa to provide members access to instant loans.
  18. 18. 16 Notes
  19. 19. 17 Over 37 million Tanzanians cannot afford hospital healthcare and pass away from treatable illnesses because of the inability to afford out of pocket financing or health insurance. To enable the creation of affordable insurance covers, Jamii has built a mobile policy management platform that performs 90% of insurance administration activities, as well as building strategic partnerships with telecoms and local insurance companies. This technology approach drastically cuts insurance administration and distribution costs. Premium payments and hospital claims are also administered through mobile money. Customers can choose between three-month and six-month cover policies based on their budget and number of dependents. Jamii believes in the right of low-income earners to access hospital care and health insurance to improve their quality of life. Jamii supporters include the Bill and Melinda Gates Foundation, Vodacom and Jubilee Insurance. Jamii is a mobile micro-health insurance company aimed at providing low-cost health insurance to the low income and informal sector from $1 per month. Agness Mollel CMO agness@edgepointdigitaltz.com Lilian Charles Makoi CEO lilianc@edgepointdigitaltz.com
  20. 20. 18 Notes
  21. 21. 19 ReAble’s current technology is aimed at providing financial accessibility to a targeted customer base of the 200 million individuals with intellectual disabilities. The company’s first product, the ReAble Pay Platform, is a money management application that provides people with cognitive challenges access to financial services. The application allows individuals to manage day-to-day finances and budgeting in a simple and easy-to-use manner, and notifies users’ guardians of all transactions. The ReAble Pay Platform was designed in collaboration with therapists and psychologists to ensure a seamless experience for intellectually disabled users. The app was built with the sole purpose of helping users to better integrate into society. Paul Safi COO | paul@reable.tech Tedi Papajorgji CTO | tedi@reable.tech Zara Vorwerk Researcher | zara@reable.tech Emile Sawaya CEO | emile@reable.tech Muhammad Raidi CAO | rey@reable.tech Georgina Warner Personal Assistant | georgina@reable.tech Michael Brown Lead Developer | michael@reable.tech ReAble designs tools and apps to enable people with special needs to participate in the financial sector.
  22. 22. 20 Notes
  23. 23. 21 Using mobile money, SimbaPay allows the African diaspora to send money home instantly at a 1/3rd of the cost of typical solutions used today. Money transferred via the service to Africa is credited instantly at the destination mobile money wallet, bank account or merchant. The diaspora community are also able to pay merchants directly, with payments ranging from school feels to hospital bills. It is also possible to open diaspora bank accounts electronically within the SimbaPay app, making SimbaPay the first company of its kind, to offer this service anywhere in Africa. In 2015, SimbaPay was named the Overall Winner, Best African Startup at the prestigious DEMO Africa 2015. In the same year SimbaPay became the first platform in the world to allow Kenyans living abroad to make M-Pesa PayBill payments. The company averaged 30% month-on-month growth in second half of 2015 and continues to disrupt the cross-border remittance industry. SimbaPay is revolutionizing the $64 billion cross border payments market in Africa by allowing the diaspora community to send money directly to the banked and the unbanked. Daniel Howard VP Engineering daniel@simbaPay.com Nick Jones Developer nick@simbapay.com Sagini Onyancha Co-founder & Chairman sagini@simbapay.com Nyasinga Onyancha Co-founder & CEO nyasinga@simbapay.com
  24. 24. 22 Notes
  25. 25. 23 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 10,000 registered users with a less than a 4% default rate. Users can withdraw requested cash loans via existing banking channels including bank accounts and mobile money. Social Lender is patent-pending and licensed to financial institutions in the countries of operation. Bade Adesemowo CTO bade@sociallenderng.com Faith Adesemowo CEO faith@sociallenderng.com Social Lender is a lending solution based on social reputation on mobile, online and social media platforms.
  26. 26. 24 Notes
  27. 27. 25 The Tech4Farmers platform provides target groups such as rural farmers, warehouse operators, financial service providers, input dealers and transporters with access to real-time market information through an electronic commodity exchange and warehouse receipt system. The platform also provides a digital payment solution for transactions and warehouse receipt financing. Rural farmers without access to the Internet can participate directly or indirectly in the marketplace and payments solution. Tech4Farmers promotes transparency throughout the value chain, while reducing operational and transactional costs for farmers and traders. In one sub-sector in the agricultural space a total of $500 Million is spent per annum on rice being imported into East Africa. This happens despite constraints in market access and a lack of affordable finance available to farmers. The latter leads to the exploitation of local farmers. According to a report released by the Word Bank Group in 2013, the agribusiness industry in Africa is worth an estimated $313 Billion and is expected to reach $1 Trillion by 2030. Tech4Farmers is a digital marketplace and payments solution for agricultural commodities. Dennis Ndongyereye COO dennis@tech4farmers.com Deogratious Afimani CEO deo@tech4farmers.com
  28. 28. 26 Notes
  29. 29. 27 The WizzPass platform allows for multiple uses ranging from daily users at shopping centres to permanent employees and visitors to office parks. If a parking fee is due, the amount is securely and automatically deducted from the users credit or cheque card. The WizzPass web dashboard also allows office employees to effectively manage and book visitor parking. Using our patent-pending technology, the end-user simply uses the WizzPass application to open the parking boom. WizzPass operational sites include, Barclays Towers, Quirk Office, 15 on Orange Hotel and Cape Quarter shopping centre. We are integrating into major software enterprise solutions to allow blue chip companies to book visitor parking through the WizzPass platform. WizzPass technology can be applied in a variety of alternative industries for the use of our cashless payments technology such as paying for fuel or toll roads. WizzPass is a revolutionary new parking access control system used at office parks and shopping centres across South Africa. Bradley Hornby CEO bradley@wizzpass.com Francois Stark CTO francois@wizzpass.com Ulrich Stark COO ulrich@wizzpass.com Tyron Fouche Lead Data Analyst tyron@wizzpass.com William Saunders Lead UX/UI Designer william@wizzpass.com
  30. 30. 28 Notes
  31. 31. 29 Thank you to our mentors
  32. 32. 30
  33. 33. 31 462applications in the programme weeks 13 33 entrepreneurs 103 mentors 9 dedicated associates masterclasses individual mentor sessions 14 12 inspirational founder stories sessions 907 8 Barclays Proof of Concepts 10 companies selected, from 9 countries countries 44 from 1 Commercial Agreement 1 CITY
  34. 34. 32 Thank you June 2016 #BarclaysAccel @Techstars @ThinkRiseAfrica

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