12 °c
London
Monday, June 27, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

HelloGold enters Africa with Baobab Group

FurtherAfrica by FurtherAfrica
February 13, 2019
in Africa, Commodities, Currency, Economy, FDI, Finance, Financial Inclusion, Tech
Reading Time: 2 mins read
787 50
0
HelloGold enters Africa with Baobab Group
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Asia-based fintech savings platform HelloGold is entering Africa working with leading digital financial inclusion group, Baobab, as a partner.

HelloGold will support Baobab in expanding its financial inclusion services through an integrated savings platform.
HelloGold and Baobab will jointly develop products for Baobab’s 800,000 strong customers across nine (9) countries in Africa. Using its digital financial service infrastructure and experience, HelloGold will support Baobab in expanding its financial inclusion services through an integrated savings platform in 2019.

HelloGold’s gold backed savings and loan financial products will be integrated with Baobab’s mobile phone app, to be launched in 2019. Users will be able to easily buy, save and invest in gold, directly on the integrated mobile application, allowing instant and secure access to gold as an alternative savings product.

“We are pleased to announce this partnership, which will allow our clients to benefit from new digital services. The possibility to easily save and invest in gold is an additional key offered to our clients to unleash their potential. This collaboration with HelloGold will allow us to integrate this saving offer in the 9 African countries we are working with”, said Arnaud Ventura, CEO and founder of Baobab Group.

Baobab operates 1140 service points in Africa and has disbursed more than EUR 940 million in loans to the underbanked and unbanked (including micro entrepreneurs, youth and women). The company provides a wide range of digital and mobile solutions for customers in Africa and China to simply, quickly and safely manage their finances.

“Our partnership with Baobab demonstrates HelloGold’s capacity to provide financial solutions for our current and prospective partners. While we bring financial products on our technology, we support our partners in the building of their own offerings, providing differentiated value and services on their platforms. We use blockchain technology to enable our customers to access affordable financial products and services, starting with gold. HelloGold’s mission is to democratize essential savings and lending products for the underserved and the unbanked in emerging markets through digitization. With our shared vision, Baobab is a perfect partner,” HelloGold CEO Robin Lee, said in a statement.

Accelerated by mobile phones and digitization, financial inclusion is on the rise globally. The World Bank has a goal of Universal Financial Inclusion by 2020 and Africa has been at the forefront, with mobile-driven financial inclusion growing by 20 percent over the past six years. Through this partnership, Baobab and HelloGold intend to grow and explore financial inclusion in more markets on the continent.

Source: FinExtra

Related

Tags: africaAppArnaud VenturaBaobab GroupBlockchainCryptocurrencydigital financial service infrastructureFeaturefintechHelloGoldmicrobankingmobile phoneRobin LeeWorld Bankафрикаأفريقياアフリカ非洲
ScanSendShare335Tweet209Share59Pin75Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Angola TAAG to open Luanda-Madrid route
Travel

Angola TAAG to open Luanda-Madrid route

by FurtherAfrica
June 26, 2022
Economy

Zimbabwe plans triple-digit interest rate hike to tame inflation

by FurtherAfrica
June 26, 2022
Economy

World Bank forecast Mozambique average growth at 5.7% in 2022-2024

by FurtherAfrica
June 26, 2022
Travel

9 fun places in Nigeria for a perfect family takeout

by See Africa Today
June 26, 2022
Spotify takes big dive into Africa
Music

Spotify and COLORS collaborate to promote Nigeria musical talent

by BOTSWANA UNPLUGGED
June 26, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Angola TAAG to open Luanda-Madrid route
Travel

Angola TAAG to open Luanda-Madrid route

by FurtherAfrica
June 26, 2022
0

Direct flights between Luanda and Madrid, operated by the Angolan airline TAAG, start Monday (27), representing an added value for...

Read more

Zimbabwe plans triple-digit interest rate hike to tame inflation

June 26, 2022

World Bank forecast Mozambique average growth at 5.7% in 2022-2024

June 26, 2022

9 fun places in Nigeria for a perfect family takeout

June 26, 2022
Spotify takes big dive into Africa

Spotify and COLORS collaborate to promote Nigeria musical talent

June 26, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?