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

New mobile microjobbing service offers businesses a unique crowdsourcing model

A new mobile microjobbing service is set to give businesses, NGOs and government organisations a new way to crowdsource information and interact directly with the South African public.  Read More

EcoCash launches MasterCard debit card

Econet’s Mobile Money service has announced an agreement with MasterCard expected to help reduce cash dependence and increase financial inclusion through the provision of electronic payments in Zimbabwe. Read More

Subscribers to get 25% airtime bonus via Orange Money

Orange has launched a promotion enabling its subscribers enjoy a 25% airtime bonus when they top up their airtime via Orange Money. Read More

Airtel wins case to open up M-Pesa

The Communications Authority of Kenya (CAK) has ordered Safaricom to open up its M-Pesa platform after Airtel Kenya filed a petition. Read More

Revolutionary second screen partnership enhances Dream School SA impact

A popular South African TV series in which youths who have dropped out of school are coached by celebrities, has expanded its reach through a partnership with WeChat. Read More

Samsung Partners in good health for Sub-Saharan Africa

Samsung Electronics is supporting the GSMA Mobile for Development mHealth programme on a range of mHealth services in Africa.  Read More

New partners join ITU’s Be He@lthy, Be Mobile initiative

The International Telecommunication Union has announced that global healthcare company GSK and Public Health England (PHE) will join Be He@lthy, Be Mobile, an initiative which it leads in collaboration with the World Health Organization (WHO). Read More

SIA Group enters African card payments sector

Perago has signed an agreement with Swish Payments to support its new m-commerce initiative in Africa and Europe. Read More

MTN partners Salt & Einstein MTS, NHIS on insurance

MTN Nigeria says it has partnered Salt & Einstein MTS and the National Health Insurance Scheme (NIHS) to help push health insurance to many people in the country leveraging on its wider reach. Read More

Free Twitter on Econet

Econet Wireless is now offering free access to Twitter to all subscribers on Econet Broadband.  Read More

PRESS OFFICES

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

FEATURED STORY

Widening ICT skills gap: Cause for concernWidening ICT skills gap: Cause for concern

Nigeria's FDI gains could be eroded by the widening gap in indigenous skilled ICT manpower, writes Kokumo Goodie.

IN DEPTH

Kenya rolls out e-extension to improve agricultureKenya rolls out e-extension to improve agriculture

In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.