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DreamStart Labs, KEIPhone Gift Smartphones

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Digital banking technology platform DreamStart Labs And free smartphone organization KEIPhone According to Wednesday (May 26), it will provide digital banking to provide free FinTech-enabled smartphones to women who do not have an African bank account in poorly serviced areas of Europe, the Middle East and Africa (EMEA). We are cooperating for. Joint press release..

This partnership means that DreamStart Labs’ DreamSave app will be pre-installed on all phones distributed by KEIPhone. Women with free phones focused on their needs, including mobile money services that help female entrepreneurs improve their small businesses, agricultural innovations that help the agricultural community increase profits, and pay-as-you-go solar products. Show ads that contain related content. To improve access to affordable clean energy.

“Today, nearly one billion women worldwide are excluded from formal financial services,” he said. Wes Wasson, CEO of DreamStart Labs. “Our DreamSave app makes informal community banking quick, fun and easy, even if you’ve never used a smartphone before.”

DreamStart Labs and KEI Phone will start with 10,000 women living in the countryside of Uganda and expand their offerings to other African countries later this year. Distribution and training will be carried out in collaboration with non-governmental agencies and international development partners.

“Our passion at KEI Phone is to give women equal access to mobile technology and to interconnect them with the world,” he said. Lauren Hendrix, CEO of KEI Phone, on sale. “Providing women with smartphones is one of the most effective ways to improve the social, physical and financial health of the entire community.”

Related: Nigeria’s FinTech Unicorn Interswitch Raises $ 110 Million for Expansion

Earlier this month, Nigeria’s digital payments company Interswitch, Africa’s second unicorn, raised $ 110 million to support its expansion through strategic investments by LeapFrog Investment and Tana Africa Capital. It works with Interswitch to “advance the continent-wide payment ecosystem.”

Founded 10 years ago by Mitchell Elegbe, Interswitch provides electronic payment processing and switching services through its debit card product Verve and its multi-channel consumer and business payment platform Quickteller.

Interswitch reached unicorn status in 2019, following a $ 200 million investment from Visa that gave the company a 20% stake in the Nigerian company (a private company with a valuation of over $ 1 billion). Refers to).

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