Kenya’s MoDe named IBM Global Entrepreneur of the Year

VALUE ADDED SERVICES

|
Image: By BiztechAfrica
Kenya’s MoDe named IBM Global Entrepreneur of the Year

IBM has announced that MoDe was named the IBM Global Entrepreneur of the Year. Based in Nairobi Kenya, MoDe provides instant nano-credit for pre-paid mobile phone users across the African continent.

Nearly 80% of mobile phone users in growth markets do not have access to traditional banking loans and credit. MoDe’s innovative payment services ensure that people have access to mobile airtime when needed, while helping telecommunications companies increase efficiency and build brand loyalty.

“Being named the IBM Global Entrepreneur of the Year is a tremendous honour and will accelerate our ability to create new markets,” Julian Kyula CEO and co-founder, MoDe. “The access to clients and potential investors that we have had through the SmartCamp program would have taken our company 10 years to achieve on our own, with IBM it took less than six months.”

IBM SmartCamps connect startups with seasoned and successful venture capitalists, investors, and innovative business leaders, giving them the tools and insight needed to excel in their often nascent markets. Past participants have partnered with IBM to deliver new solutions to clients and have expanded into new markets. In addition, past participants have gone on to generate more than $90 million in investments from the venture community.

“Every day we are working with startups around the world to grow markets in big data, cloud and mobile computing,” said Jim Corgel, general manager of IBM’s Entrepreneur Programs.  “We are thrilled to expand our relationship with MoDe as we bring new mobile solutions to our clients around the world.”

After qualifying in one of the more than 20 local SmartCamp events around the world, 8 finalists from 7 countries were selected for the Global Finals event. The finalists pitched their businesses to an audience of venture capitalist, serial entrepreneurs, academics and leaders in business and technology. After 2 days of mentoring and networking, a panel of judges selected MoDe on the strength of its product innovation, growing client base and alignment with IBM’s Smarter Planet initiative.

IBM’s SmartCamps are a significant component of the company’s Global Entrepreneur Program, which offers a variety of ways for entrepreneurs to grow their business, get access to leading experts and technology, and ultimately market their products faster. The Program operates with the goal of uncovering, fully developing, and commercialising innovations which create new business opportunities in industries and regions around the globe.

To learn more about the Smart Camp finals and the other startups from around the globe that participated in the event, visit the IBM SmartCamp blog: http://ibmsmartcamp.com/ or join the conversation on Twitter with #IBMSmartCamp.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE VALUE ADDED SERVICES NEWS

Apollo Hospitals, Airtel seal telemedicine deal

Two Indian giants, Apollo Hospitals and Airtel Nigeria, have struck a deal designed to bring affordable health care to Nigerians and Airtel’s Premier customers. Read More

Millicom partners Deezer to bring Tigo Music to 5 African markets

Telecoms and media firm Millicom has announced an extension of its partnership with music streaming service Deezer to take its Tigo Music service to five markets in Africa. Read More

Airtel Money offers KRA mobile tax payment services

Bharti Airtel has partnered with the Kenya Revenue Authority (KRA) to offer Kenyan citizens an opportunity to pay their taxes through Airtel Money. Read More

Embracing mCommerce

There’s a word on the lips of everyone in the know these days, and that word is “mCommerce”, says Red & Yellow. Read More

Airtel Money launches new partnership with MOGAS

Airtel Uganda and MOGAS have officially unveiled their new partnership that allows customers to pay for any MOGAS products and services using Airtel Money at their 38 stations across Uganda. Read More

Econet launches Connected Car service

Econet has launched yet another revolutionary product branded the Econet Connected Car. Read More

Tigo cash trains over 2,000 agents

As part of efforts to scale up mobile financial services, particularly in the informal sector, mobile network operator, Tigo is training over 2,000 agents in its award-winning mobile money service, Tigo Cash.  Read More

Airtel Money to launch cross border money transfer service across East Africa

Chidi Okpala, Head of Airtel Money, Airtel Africa Bharti Airtel has announced plans to launch a cross border money transfer product in East Africa. This is a first in market initiative across Africa and will enable Airtel Money customers to send, receive and withdraw money from their Airtel Money wallets. Read More

MTN set to support money transfers between Rwanda and Uganda

MTN Uganda is partnering with MTN Rwanda to deliver cross border transactions between the two countries. Read More

Former Kampala mayor demands UGX8bn from MTN Uganda

MTN Uganda has found itself in protracted lawsuit involving copyrights on caller tunes in a case whose outcome could set a precedent for similar scenarios in future. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Growing African focus on data securityGrowing African focus on data security

Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.

IN DEPTH

Africa lags on digital migration Africa lags on digital migration

Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.  

COMPANY NEWS

VMware reports third quarter 2014 results

VMware, the global leader in virtualization and cloud infrastructure, today announced Year-over-Year Revenue Growth of 18% to $1.52 Billion in its financial results for the third quarter ...