Digital 2022: Ethiopia This page contains all the data, insights, and trends you need to help you understand how people in Ethiopia use connected devices and services in 2022. You’ll find our complete Digital 2022 report on Ethiopia in the “full report” section below, but let’s start by taking a look at the essential headlines for digital adoption and use in Ethiopia this year. ADVERTISEMENT Ethiopia’s population in 2022 Ethiopia’s total population was 119.3 million in January 2022. Data show that Ethiopia’s population increased by 2.9 million (+2.5 percent) between 2021 and 2022. 50.0 percent of Ethiopia’s population is female, while 50.0 percent of the population is male. At the start of 2022, 22.7 percent of Ethiopia’s population lived in urban centres, while 77.3 percent lived in rural areas. Note: gender data are currently only available for “female” and “male”. Ethiopia’s population by age The median age of the population in Ethiopia is 19.9. For additional context, here’s a look at how the population in Ethiopia breaks down by age group: • 14.3 percent of Ethiopia’s population is between the ages of 0 and 4. • 20.3 percent of Ethiopia’s population is between the ages of 5 and 12. • 11.3 percent of Ethiopia’s population is between the ages of 13 and 17. • 14.5 percent of Ethiopia’s population is between the ages of 18 and 24. • 15.5 percent of Ethiopia’s population is between the ages of 25 and 34. • 10.0 percent of Ethiopia’s population is between the ages of 35 and 44. • 6.5 percent of Ethiopia’s population is between the ages of 45 and 54. • 4.0 percent of Ethiopia’s population is between the ages of 55 and 64. • 3.6 percent of Ethiopia’s population is aged 65 and above. Note: percentages may not sum to 100 percent due to rounding. ADVERTISEMENT Internet use in Ethiopia in 2022 There were 29.83 million internet users in Ethiopia in January 2022. Ethiopia’s internet penetration rate stood at 25.0 percent of the total population at the start of 2022. Kepios analysis indicates that internet users in Ethiopia increased by 731 thousand (+2.5 percent) between 2021 and 2022. For perspective, these user figures reveal that 89.50 million people in Ethiopia did not use the internet at the start of 2022, meaning that 75.0 percent of the population remained offline at the beginning of the year. However, issues relating to COVID-19 continue to impact research into internet adoption, so actual internet user figures may be higher than these published numbers suggest (see here for further details). For the latest insights into internet adoption and use around the world, follow our regular Global Statshot reports. Go global: see how Ethiopia’s current “state of digital” compares with connectivity in other countries by reading our flagship Digital 2022 Global Overview Report, which includes hundreds of slides of global digital data, and our in-depth analysis of what these numbers might mean for you. Internet connection speeds in Ethiopia in 2022 Data

1. Leveraging fintech
partnerships to
fuel SME growth
Anand Periwal, Head of Partnerships

2. C O N F I D E N T I A L - D O N O T D I S T R I B U T E
2
What is FinTech
Financial Technology, nowadays better known under
the term 'fintech', describes a business that aims at
providing financial services by making use of software
and modern technology.
E.g. Mobile payment services; Robo-Advisory
Crowdfunding platforms,

3. C O N F I D E N T I A L - D O N O T D I S T R I B U T E
3
How FinTech is transforming SME lending
AI-driven fraud & credit assessment
• Digitised data sources
• Automated fraud checks
• Sentiment analysis, news tracking
• Cluster analysis on monitoring
and early collections
 Reduce human error and biases
 Reduced due-diligence costs
 Faster loan approval processes
 Better risk-adjustment; fewer
losses from fraud

5. 5

6. W W W . V A L I D U S . S G
6
• Pay for operational expenses and supplies
• Maintain short-term cash flow to pay workers on time
• Purchase or upgrade of equipment to support the business
• Upskill staff, upgrade or maintain their processes or services
• To capitalise on growth opportunities, e.g. take advantage of
increased demand, take on new projects, expand operations
Why SMEs Need Financing

7. 7
Landscape of SME pain points

8. W W W . V A L I D U S . S G
8
Fintech Lender’s solution
• Uses technology and data analysis to reduce
cost of financial intermediation and loans can
be approved within 48 hours
• Offers unsecured financing up to S$500,000 at
personalised, affordable rates
• Typical products include Invoice Financing,
Purchase Order financing, Working Capital Loan
SME’s Challenges
• Failure to get financing on
time because of lack of
sufficient collateral
• Lack of credit history to be
eligible to apply for
conventional business loans
Fintech Lender: Addressing the SME financing gap

9. 9
FoodXervices
ST Engineering
Xero
SMRT
Sunray
Foodpanda
VISA
APM
Forging partnerships for a
‘SME 360’ View
Prudential

10. 10
How can we use ecosystems to win in the SME market?
Scale of SME
Banking
Underserved
Middle
Change is
coming
Why ecosystems offer SMEs a winning proposition
• Given SMEs’ significant unmet needs, it’s easy to understand
the attraction of ecosystems.
• The ecosystem idea is to offer a broad range of services
SMEs need, including but not limited to banking, in a single
integrated platform.
• This provides the convenience SMEs seek, and reduces the
amount of time spent searching for and accessing other
products and services.
• And an ecosystem makes new and better services possible
for SME owners

11. W W W . V A L I D U S . S G
11
WHY PARTNER?
Win/Win partnerships that fuel
SME growth

12. 12
Singapore’s largest
SME Financing platform
BACKE D BY
A A A - r a t e d F M O, Ve r t e x
Ve n t u r e s
LICE NS E D BY
S i n ga p o re ’s M o n e t a r y
A u t h o r i t y o f S i n ga p o re
A PPROV E D O N
G o v t e - p ro c u re m e n t
p o r ta l G e B I Z

13. 13
Validus has become Singapore’s largest lending platform
due to ability to forge partnerships with industry leaders, FIs, corporates
2015 2016 2017 2018 YTD 2019
Q1 19: Closed
Series B with marquee
strategic investors
Q2 19: Received OJK
approval; Indonesia &
Vietnam go-live
Founded in Jul 15
May 17: First pilot
started under Visa
and Citibank
partnership
Q2 18: Started
proprietary fund
Sep 15: Partnership inked
with NUS-CRI to develop
credit risk algo
Oct 15: First
test loan
disbursed
Q1 16: Target
market defined;
risk algo refined
Jul 16: Partnership
with EQ Insurance
(first in ASEAN)
Apr 17: Perfected invoice
discounting product structure
(ring fenced repayments)
Jun 17: Series A round
Dec 17: Obtained
MAS CMS licence
Q1 18: First
corporate vendor
financing program
Q3 17: Launched
data-driven
campaigns

14. W W W . V A L I D U S . S G
14
Our ability to crack partnerships is a key differentiator
Marquee
Shareholders
Theodore Rachmat
& Family
Astute shareholders who provide strategic guidance and
access to key partners and local corporates to drive the
anchor-led customer acquisition strategy
Financial
Institutions
Access to institutional capital and alternate sourcing
channel for acquiring most creditworthy (bankable)
customers along with surrogate data for analysis
Insurance &
Credit Algo
Unique partnerships with NUS-CRI for robust fraud
detection and credit algo; EQ Insurance for first of its kind
(in ASEAN) insurance cover against default for lenders
Corporate
Anchors
Large corporate anchors provide access to thousands of
SME suppliers along with performance data allowing a
unique customer acquisition strategy

15. 15
Supporting SMEs
– the backbone of
the economy.
HELP SMEs
GROW
PROMOTE
ACCESS TO
FINANCE
SUPPORT
LOCAL
ECONOMIES
MISSION
To facilitate financing
of over SGD 1 billion
by 2020
VISION

16. 16
Validus has proven experience in bridging the cashflow gap SMEs face
7,000
+
Total no. of
facilities disbursed
48
hours
Average funding
turnaround time
90%
Repeat borrowers
Information displayed is calculated based on internal analytics. 1 In SGD, as of 02 Oct 2019.
T O T A L F U N D S D I S B U R S E D 1
$300 m
S M E A N N U A L R E V E N U E G R O W T H
20%
Awards Won and Nominations
Excellence in Finance - Companies

17. CONFIDENTIAL
17
Validus has built one of the strongest fintech team in the region
with experienced financial services leaders
Nikhilesh Goel
Co-Founder
Over 12 years of Private Equity, M&A
and Investment Banking experience
Vikas Nahata
Co-Founder & Executive Chairman
Over 20 years’ in managing
financial services and real estate companies
Ajit Raikar
CEO & Co-founder
Over 30 years of SME banking
experience at DBS, Citibank and
Fullerton / Bank Danamon
Sonal Jain
Chief Data Officer
Over 14 years of risk management
experience at Amex and Indifi
Deepika Deshpande
Chief Operating Officer
Over 26 years’ experience in
Commercial and SME Banking in Citi
across the region
Swaroop Shah
Director, Sales
Over 20 years in banking - Sales and
consumer lending at Prudential and
Citibank
Anand Periwal
Head of Partnerships
Over 13 years of Consulting, Banking,
Treasury and business build out experience
with Ernst & Young, ANZ Bank
Arvind Rao
Chief Technology Officer
Over 25 years’ experience at Citi and
Barclays

18. THANK
YOU
Anand Periwal
Head - Partnerships
anand@validus.sg
+65 9715 7618
ww w . v a l i d u s . s g
Q U E S T I O N S ?