4 Innovative African Women in FinTech
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Africa’s fintech ecosystem expands with each stride technology takes. From providing solutions to driving a technological revolution in the financial institution’s industry.
In this article, we will be shining the spotlight on four(4) of these women and how their innovations are changing the face of traditional financing.
In no particular order:
This first-class graduate of Computer Engineering is one of the leading women in the fintech space in Africa.
She is the Co-founder and Chief Operating Officer of PiggyVest (formerly piggybank.ng), an online saving and investments platform that helps individuals and businesses manage their finances efficiently to meet their goals.
The platform does not only manage finances, it also helps users invest their money in various ventures with returns on their investments.
Before she founded PiggyVest in 2016, she had co-founded PushCV (pushcv.com) in 2014 which is a platform that connects verified employers to already screened job seekers.
Fara Ashiru Jituboh
We cannot continue the list of outstanding women techpreneurs without mentioning this genius.
This super skilled software engineer co-founded Okra out of the need to solve her own problems when she couldn’t manage her funds with a foreign application in Nigeria.
She is the Co-founder, Chief Executive Officer and Chief Technology Officer of Okra, a platform that enables the secure exchange of real-time financial information between customers, applications, and banks.
The platform is basically an open finance infrastructure that allows businesses and developers to build personalized digital products and services for consumers.
She is an expert in over 20 programming languages and has built technologies for companies like AXA Mansard, Airtel, and Sanofi Pharmaceuticals.
This is another woman that is making waves in the fintech space.
She is the founder of Social Lender, a digital financial services solution platform that uses a social reputation score to give users (including farmers, students and small business owners), access to formal financial services.
She developed and has been chairing Social Lender solutions for the past four (4) years as an emerging markets leader with a focus on innovation.
She designed Social Lender to facilitate fund access for people with limited access to formal financial services using its own exclusive algorithm which performs a social audit on users through communities, social media, online, and other platforms upon which it can give a social reputation score to its users.
Social Lender leverages social media platforms and partners with financial services providers to offer facilities to users based on their social reputation scores.
This strategic thinker is the brain behind Indicina, an innovative fintech startup that leverages technologies that enable clients to make informed decisions during underwriting and loan application processes.
Yvonne Johnson Co-founded Indicina in 2018 as an Africa-centric digital lending platform that provides analytics-driven credit decisions for lenders.
The platform uses an exclusive machine learning decision engine to quickly identify and reject potentially bad loans during the application and underwriting process.
This enables lenders to make real-time lending decisions with improved risk outcomes.
The platform helps both bank and non-bank lenders incorporate a data-driven approach to credit underwriting at large, de-risking unsecured loans, and providing new insights into consumers.
Indicina offers cloud-based software to digitize the lending process with an analytics-driven approach to lending.
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