Best African FinTech firms named
EasyEquities/SatrixNow has won the overall award for Best African FinTech company 2016. In the eyes of a heavyweight panel of judges EasyEquities/SatrixNow is the best FinTech company of Africa and therefore the overall winner of the African FinTech Awards. Other winners are: Baobab by Microcred, The Sun Exchange, Cellulant, EasyEquities/SatrixNow, Ovamba and FNB.
Easy Equities is the overall winner of the 2016 African FinTech Awards at the Finance Indaba Africa at the Sandton Convention Centre in Johannesburg, South Africa.
The revolutionary share-trading platform, which allows investors to buy fractions of popular shares painlessly and at low cost, was awarded more points by the judges than any other nominee. It also scooped the honours in the InvestTech category, beating property-trading platform WealthMigrate and daily investment forecast vehicle I Know First to the award.
“Thanks, it is overwhelming. Thanks to my team for never fearing to fail to innovate. I give them one idea and they turn it to a 100 and make a success of all of them. We want to democratise stock trading and expose innovation in Africa. The continent has a big role to play in FinTech. I look forward to collaborating with all of you in the future,” an elated CEO Charles Savage told the assembled guests.
The judges had the tough job of selecting the final three nominees in each category from hundreds put forward through an extensive voting process. They assessed each one based on innovation, value, delivery, traction and customer satisfaction. The finalists were announced ten days ago and were given the opportunity to pitch today.
Ziaad Suleman, COO of sponsor IBM, congratulated the organisers on hosting a fantastic event.“IBM believes strongly in innovation and has a long history as an innovator. We provided the computing power for the journey to the moon and progressed to everything from barcodes at shopping tills to magnet stripes on credit cards, hard drives and many other kinds of innovation. We ask that you engage with platforms and leverage opportunities at this critical crossroads to reduce employment and build the country. We are privileged to be part of this event.”
Cellulant, a pan-African mobile commerce company and winner of the Payments and Transfers category, said the award provided impetus for its next phase of growth. Cellulant CEO Ken Njoroge said: “This award is the result of our team’s tireless input to create and sustain value for our customers in the countries we operate in. We serve customers in the banking sector, mobile money operators, merchants and retailers who use our payment platform to run their businesses. These teams are also doing transformational work in agriculture and the fast moving consumer goods value chains.”
The winners were:
Retail Banking: Baobab Microcred
Bitcoin & Blockchain: The Sun Exchange
InvestTech: Easy Equities
Payments & Transfers: Cellulant
Lending & Financing: Ovamba
Incumbent Banks: FNB
Overall winner: Easy Equities