EU-Startups' Kutlu Kazanci interviewed Jens Woloszczak, Co-founder and CEO Spotcap.
Today, Spotcap operates in five countries and has recently been ranked number 32 in the Fintech 100 report featuring leading companies in the fintech industry worldwide, published by H2 Ventures and KPMG. Here is a summary of the interview with Jens Woloszczak:
Abhay Bhutada writes that MSMEs are one of the chief contributors to the Indian economy, other than startups and established enterprises. He says that while contributing eight percent to the nation’s total GDP, MSMEs also provide for 40 percent of the total export. Producing over 10,000 different types of products, these small-scale ventures are also responsible for 45 percent of the entire manufacturing output.
Chamber of Digital Commerce and Georgetown University’s Center for Financial Markets and Policy to host the third annual DC Blockchain Summit. The Summit will bring together more than 450 global blockchain advocates from government and technology from more than 20 countries. They will work together to advance the adoption of blockchain technology.
Data Analytics and Digital Financial Services Handbook is a practical guide on how to leverage data for developing products, managing operations and using data-driven credit scoring models. It is a handbook for banks, mobile network operators, MFIs and payment service providers on how to implement a systematic, data-driven approach in their DFS operations. It follows the popular releases of the previous handbooks in the series: Risk Management and Digital Financial Services and Alternative Delivery Channels and Technology.
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The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to catalysing entrepreneurship, will hosts its 3rd annual TEF Entrepreneurship Forum – the most diverse annual gathering of African entrepreneurs and SMEs – will take place on October 13-14 in Lagos, Nigeria.
SME Finance Forum member Standard Chartered Bank has launched an Incubation program that seeks to finance women entrepreneurs in the ICT sector. According to reports, the program is a part of a joint partnership with iLab Africa, a division of Strathmore University.
Globalization has made supply chains significantly more complex, involving multiple players from around the world and a great deal of coordination. This increases the cost of operating these global networks—with goods and services channeled across emerging and advanced economies.
In this article, Entreprenuer reports that despite the tech industry’s progressive reputation, its track record for hiring, promoting and funding women is bleak: Only 17 percent of American startups have female founders. However, halfway across the globe in tech hubs like Lagos, Nigeria, and Nairobi, Kenya, 46 percent of African ventures have a female founder and prospects for closing the gender gap there are high.
Fintech partnerships offer banks a fast and convenient way to innovate their product offerings and better serve their customers. Banks can vastly improve their customers' experience without having to incur huge capital expenditures. From the fintechs' perspective, banks provide access to their large customer base, existing infrastructure and big data. The advantages of such partnerships go beyond the monetary benefits. Advancements in cloud and mobile technologies have also led to greater customer demand for better digital banking experiences.
SME lender Grid Finance’s CEO Derek F. Butler, shares how the company is expanding its offering to include a digital pension product targeted at the owners of small businesses. Grid will act as distributor and has engaged Conexim to provide the back office infrastructure on the product.
