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

Airtel Kenya partners Medanta Africare for mobile healthcare

Airtel Kenya has joined hands with Medanta Africare to launch a new mHealth service that will allow customers access quality health advice from doctors through their mobile phones.      Read More

MTN Mobile Money and Vodafone M-Pesa to interconnect Mobile Money Services

Customers of MTN Mobile Money and M-Pesa in East Africa will be able to transfer money to each other following an agreement between MTN Group and Vodafone Group to interconnect their mobile money services. Read More

Mobile money a game changer

There has been massive drop in the number of unbanked, thanks to the boom of mobile money services, a new World Bank report shows.  Read More

Afrinvest unveils mobile app for online trading, investment management

Ayodeji Ebo, Charles Egbunonwo, Ike Chioke, Afrinvest and Tony Usidamen Afrinvest Securities Limited at the weekend launched an online equity trading mobile application, offering clients mobile access to their brokerage accounts and portfolio data.  Read More

Stanbic launches real time payments for electricity and DStv

Stanbic Bank Botswana has announced the introduction of state of the art, real-time electronic payments for Prepaid Electricity and DStv Subscription through its cellphone Banking and Internet Banking Channels. Read More

Safaricom readies to bring M-PESA home

Safaricom has started final preparations for the launch of the second generation of its M-PESA platform as it prepares to perform a full scale system upgrade aimed at improving efficiencies and speed over the next week. Read More

Airtel Money hits over 1 million transactions in a month

Airtel Ghana has attained another milestone with its instant mobile money service.  Read More

Online payment of BGCSE examination fees using Orange Money

The Botswana Examinations Council has announced its partnership with Orange Money for the payment of examination fees. Read More

Airtel Money enables fundraising for Garissa attack victims

Airtel Kenya has set up a donation paybill number for well-wishers to send funds to the Red Cross to support victims of the Garissa attack.  Read More

Spectranet offers subscribers free movies on iROKOtv.com

4G or long term evolution (LTE), internet service provider (ISP) Spectranet has launched a partnership with iROKOtv.com, Africa’s premier internet television provider.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

e-commerce space untapped, says phonekings heade-commerce space untapped, says phonekings head

E-commerce is the future, says the head of a new online electronics mall launched in Nigeria. Tayo Olusanya spoke to Kokumo Goodie in Lagos.

IN DEPTH

Villagers get solar training at Barefoot College Villagers get solar training at Barefoot College

The Botswana Human Resource Development Council (HRDC) has seconded seven semi-illiterate mostly Ngwatle villagers for a six month solar electrification training course at the famed Barefoot College in India. 

COMPANY NEWS

ICT skills in Kenya to grow as ICT Authority and Microsoft sign MOU

Kenya’s ICT Authority and Microsoft have signed a Memorandum of Understanding (MOU), which will, among other things, see Microsoft offer support in providing a platform that will ...