Ovamba News https://www.ovamba.com/blog Wed, 11 Jul 2018 20:47:27 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 http://blog.ovamba.com/wp-content/uploads/2016/07/cropped-Logo-Large-2-150x150.png Ovamba News https://www.ovamba.com/blog 32 32 Chevy Chase start-up Ovamba wants to use ‘Islamic finance’ to connect Africa’s small businesses to wealthy investors https://www.ovamba.com/blog/chevy-chase-start-up-ovamba-wants-to-use-islamic-finance-to-connect-africas-small-businesses-to-wealthy-investors/ Wed, 11 Jul 2018 20:47:27 +0000 https://www.ovamba.com/blog/?p=953 The world’s prevailing financial institutions — banks, credit unions and equity markets — have mostly ignored sub-Saharan Africa. And “microfinance” organizations, while wildly successful

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The world’s prevailing financial institutions — banks, credit unions and equity markets — have mostly ignored sub-Saharan Africa. And “microfinance” organizations, while wildly successful in some parts of the Indian subcontinent, have had mixed results there.

Could a smartphone app that applies principles of Islamic law help fill the gap?

That’s the project being undertaken at Ovamba Solutions, a Chevy Chase, Md.-based company that connects African business owners with wealthy European and American investors. The company operates an app-based investment platform that is based on fees rather than interest, allowing it to steer clear of prohibitions against interest that exist in Islamic law.

Click here for full article https://www.washingtonpost.com/business/capitalbusiness/chevy-chase-start-up-ovamba-wants-to-use-islamic-finance-to-connect-africas-small-businesses-to-wealthy-investors/2018/06/24/b32fa4f0-758c-11e8-b4b7-308400242c2e_story.html?noredirect=on&utm_term=.e91c7499041a

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Ovamba Solutions, Inc. Awarded as Technology Pioneer by World Economic Forum https://www.ovamba.com/blog/ovamba-solutions-inc-awarded-as-technology-pioneer-by-world-economic-forum/ Wed, 11 Jul 2018 20:30:35 +0000 https://www.ovamba.com/blog/?p=943   FOR IMMEDIATE RELEASE   Ovamba Solutions, Inc. Awarded as Technology Pioneer by World Economic Forum   World Economic Forum on Thursday announced its

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FOR IMMEDIATE RELEASE

 

Ovamba Solutions, Inc. Awarded as Technology Pioneer by World Economic Forum

 

  • World Economic Forum on Thursday announced its selection of the world’s 61 most promising Technology Pioneers 2018, the most diverse class of such pioneers ever
  • Companies were selected for their potential to “transform society and industry” and “shape the Fourth Industrial Revolution,” Fulvia Montresor of the World Economic Forum said
  • Ovamba, which has innovated finance and business growth tools for African entrepreneurs has been one of three companies with a specific focus on Africa, and the only one focusing on Cameroon selected for its contributions to helping solve Africa’s challenges with access to financial services and capital
  • The full list of recognized Technology Pioneers can be viewed here

 

Cameroon, June 21, 2018 Ovamba, the award-winning innovator that produced Africa’s’ first “Sharia compliant” ‘FinTech’ and ‘AgriTech’ platforms, was selected among hundreds of candidates as one of the World Economic Forum’s “technology pioneers”.  Ovamba is a ground-breaking company with operations on the African Continent and was founded by Viola Llewellyn and Marvin Cole in 2013.  Their unique approach to helping businesses grow combines a proprietary risk model that blends ethnic and cultural data with traditional risk assessment features that are attuned to African realities.  Customers who come to Ovamba for support are serviced with eCommerce, logistics & flexible warehousing solutions to promote business growth.  In addition, Ovamba’s Natural Language Chatbots give informal businesses in the trade and commodities sector an opportunity to gain access to financial services and business coaching.

The World Economic Forum’s Technology Pioneers community are early-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society.

 

This year’s cohort is the most diverse ever, both geographically and in terms of gender. 25% are female-led, and a majority (54%) come from regions outside the United States and Silicon Valley, with each continent represented, barring Antarctica. There is also a wide variety in the technologies the pioneers focus on: the focus technologies include artificial intelligence, big data and internet of things (IoT), biotechnology, blockchain, autonomous vehicles, cyber security, vertical farming and other agricultural advances, decentralised microgrids and robotics. The full list of technology pioneers can be found here.

 

Following its selection as Technology Pioneer, Co-Founder & President Viola Llewellyn of Ovamba will be participating in the World Economic Forum Annual Meeting of the New Champions. This meeting, also dubbed “Summer Davos” will be held in Tianjin, China, September 18-20. Many Pioneers will also attend the Annual Meeting in Davos, in January 2019, and continue to contribute to Forum initiatives over the course of the next two years.

 

“We welcome Ovamba in this diverse group of technology pioneers,” says Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. “Ovamba and its fellow pioneers are front and center in shaping the ongoing Fourth Industrial Revolution and we believe they will be transforming society and industry in a positive way in the years to come.”

 

“We could not be more thrilled!  It is truly an honour and the pinnacle of any career to be recognized as a pioneer by the World Economic Forum”, said Ovamba Co-Founder, Viola Llewellyn.  “Technology is making it possible for Africa to be completely included in this Industrial Revolution.  This selection confirms that globally, not just in Africa.  We plan to use this award to continue to shape the ecosystem for socially impactful innovation and engage with stakeholders in government, business and society at large.”

 

The Technology Pioneers were selected by a selection committee of more than 60 academics, entrepreneurs, venture capitalists and corporate executives. The committee based its decisions on criteria including innovation, potential impact and leadership. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.

 

All info on this year’s Technology Pioneers can be found here: https://wef.ch/techpioneers18

More information on past winners can be found here.

 

About Ovamba: Ovamba is a US-founded technology innovator that develops online platforms and mobile apps to help businesses in Africa’s trade & commodities/agribusiness sectors to grow.  Customers grow when they access & use Ovamba’s combination of short term funding & business tools.  Ovamba raises capital from global investors to fund the businesses and uses its technology to solve business and functional literacy challenges to promote financial inclusion (www.ovamba.com).

 

About World Economic Forum: The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org).

 

Media Contacts

Ovamba

Ciana Hamlett

Ciana.h@Ovamba.com

 

 

 

 

 

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Despite gains, most black, female startup founders still get no funding https://www.ovamba.com/blog/despite-gains-most-black-female-startup-founders-still-get-no-funding/ Wed, 11 Jul 2018 20:13:40 +0000 https://www.ovamba.com/blog/?p=940 Viola Llewellyn is one of the few black, female company founders nationwide that has been able to surpass the $1 million venture funding mark.

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Viola Llewellyn is one of the few black, female company founders nationwide that has been able to surpass the $1 million venture funding mark. Her Maryland-based financial technology company, Ovamba Solutions Inc., is backed by about $2 million in equity funding to date, including $1.3 million from an institutional investor, and $9 million in debt financing.

Click here for the full article https://www.bizjournals.com/baltimore/news/2018/06/15/report-despite-gains-most-black-female-startup.html

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A state-of-the-art FinTech company that accelerates small and medium-sized business in Africa https://www.ovamba.com/blog/a-state-of-the-art-fintech-company-that-accelerates-small-and-medium-sized-business-in-africa/ Wed, 11 Jul 2018 19:58:11 +0000 https://www.ovamba.com/blog/?p=937 “Technology is a new form of democracy in Africa” The words of Ms. Viola Llewellyn who entered the first day of entrepreneurial event Slush Tokyo

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“Technology is a new form of democracy in Africa” The words of Ms. Viola Llewellyn who entered the first day of entrepreneurial event Slush Tokyo held at Tokyo Big Sight on March 28 and 29, 2018. The land area of ​​Africa is about 30 million square kilos comparable to 13 countries including the United States, China, India, Britain, France, Germany, Spain and Eastern Europe. In 2040 the population is expected to reach 2.5 billion, of which 1 billion will be concentrated in 67 cities. Meanwhile, as of 2016, the proportion of venture capital’s technology investment in Africa is 0.3% of the world’s total.

Click here to read the full article https://forbesjapan.com/articles/detail/20965

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26 WOMEN OF COLOR DIVERSIFYING ENTREPRENEURSHIP IN SILICON VALLEY, MEDIA, AND BEYOND https://www.ovamba.com/blog/26-women-of-color-diversifying-entrepreneurship-in-silicon-valley-media-and-beyond/ Wed, 11 Jul 2018 18:53:38 +0000 https://www.ovamba.com/blog/?p=932 The business world has long been a boys’ club. Women C.E.O.s and founders of color make up a small portion of entrepreneurs who have reached the

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The business world has long been a boys’ club. Women C.E.O.s and founders of color make up a small portion of entrepreneurs who have reached the top. Each one of the women in this group tableau has raised $1 million or more in outside capital, breaking barriers and shattering glass ceilings along the way. Still, these women (the 26 founders shown here completed their $1 million or more in fund-raising before November 15, 2017, according to start-up accelerator DigitalUndivided) are the most visible faces of a revolution.

Click Here for full article https://www.vanityfair.com/news/2018/03/women-of-color-diversifying-entrepreneurship-in-silicon-valley-media-and-beyond

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Fixing broken business financing in Africa with Ovamba startup https://www.ovamba.com/blog/fixing-broken-business-financing-in-africa-with-ovamba-startup/ Wed, 11 Jul 2018 18:25:03 +0000 https://www.ovamba.com/blog/?p=929 The ability of small and medium-sized businesses to access financing is described as one of the biggest challenges to economic growth in sub-Saharan Africa.

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The ability of small and medium-sized businesses to access financing is described as one of the biggest challenges to economic growth in sub-Saharan Africa. One startup is trying to change the landscape using innovative technology to reach entrepreneurs who would otherwise miss out on funding by traditional banks and credit organisations.

Click here for full article https://en.rfi.fr/africa/20180327-fixing-broken-business-financing-africa-ovamba-startup

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African fintech startups can be disruptors or enablers https://www.ovamba.com/blog/african-fintech-startups-can-be-disruptors-or-enablers/ Wed, 11 Jul 2018 18:12:29 +0000 https://www.ovamba.com/blog/?p=926 Taking part in a panel discussion around bridging Africa’s SME funding gap, Llewellyn discussed the difficulties banks have in innovating and reaching new customers,

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Taking part in a panel discussion around bridging Africa’s SME funding gap, Llewellyn discussed the difficulties banks have in innovating and reaching new customers, and said they had a choice as to whether they are disrupted or enabled by fintech startups. “We will disrupt you if you don’t want to play, but we will enable you if you want to access new customers.” – Viola Llewellyn

Click here for full article https://disrupt-africa.com/2018/03/african-fintech-startups-can-be-disruptors-or-enablers/

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How blockchain can democratise Africa https://www.ovamba.com/blog/how-blockchain-can-democratise-africa/ Wed, 11 Jul 2018 17:54:51 +0000 https://www.ovamba.com/blog/?p=922 Blockchain technology has the potential to “democratise” Africa and take social finance to a new level, yet its potential is being held back by

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Blockchain technology has the potential to “democratise” Africa and take social finance to a new level, yet its potential is being held back by adverse regulation. “Tech will be the new democracy. It will create a level playing field,” said Viola Llewellyn, CEO of alternative lending company Ovamba. “Transparency that has been missing will become normal. Tech and blockchain will create a permanence.”

Click here for full article https://www.itwebafrica.com/fintech/853-africa/243137-how-blockchain-can-democratise-africa

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The Workplace Advocates: 23 women sending the ladder back down https://www.ovamba.com/blog/the-workplace-advocates-23-women-sending-the-ladder-back-down/ Wed, 11 Jul 2018 17:34:25 +0000 https://www.ovamba.com/blog/?p=919 For those women who find themselves in the minority at the top of the corporate ladder, it’s necessary that they send it back down

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For those women who find themselves in the minority at the top of the corporate ladder, it’s necessary that they send it back down for more to join them. ‘I consciously and deliberately support diversity. I look for it where it is banished. I create roles and opportunities for it and I fight for it’ – Viola Llewellyn
Click here for full article https://www.siliconrepublic.com/companies/women-invent-100-2018-workplace

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Women on Top in Tech – Viola Llewellyn https://www.ovamba.com/blog/women-on-top-in-tech-viola-llewellyn/ Thu, 08 Mar 2018 13:16:17 +0000 https://www.ovamba.com/blog/?p=912 (Women on Top in Tech is a series about Women Founders, CEOs, and Leaders in technology. It aims to amplify and bring to the

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(Women on Top in Tech is a series about Women Founders, CEOs, and Leaders in technology. It aims to amplify and bring to the fore diversity in leadership in technology.)

Viola Llewellyn is the Co-Founder and President of Ovamba Solutions Inc. Ovamba is an Emerging markets focused marketplace funding and investment platform. She and the leadership of Ovamba bring an unparalleled understanding of the African market and its nuances to a global audience of institutional investors.

 

Her experience with frontier markets has given her insights into the best way to integrate all players within Africa’s formal and informal banking landscape, and tailor opportunities to Western investor expectations.

Find the full article here: https://www.asianentrepreneur.org/women-top-tech-viola-llewellyn-co-founder-president-ovamba-solutions-inc/ 

 

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Viola A. Llewellyn and Africa’s first FinTech- Written by Lauma Berzina https://www.ovamba.com/blog/viola-llewellyn-africas-first-fintech-written-lauma-berzina/ Mon, 29 Jan 2018 22:04:05 +0000 https://www.ovamba.com/blog/?p=907 Viola A. Llewellyn is the Co-founder and president of award-winning Ovamba Solutions, Inc., Africa’s first FinTech company to create technologies to serve African SMEs

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Viola A. Llewellyn is the Co-founder and president of award-winning Ovamba Solutions, Inc., Africa’s first FinTech company to create technologies to serve African SMEs with innovative Sharia-compliant finance products, eCommerce, and logistics services. Ovamba’s technology gives global accredited and institutional investors the opportunity to invest in the fast-growing African private sector.

In other words, Ovamba provides short-term funding in emerging markets to the trade and commodities sectors.  Ovamba also raises capital from global institutional investors with an appetite for returns in these markets. The company’s goal is to solve the need for democratization of financial services in Africa. It is already acknowledged, that Ovamba is a booster rocket for SMEs in Africa. So, what can we learn from this case? What is the essence here?

 

 

To spot the problems and opportunities

“In Africa, there is plenty of space for innovation, it is a great demographic area, with a lot of tools to be developed to solve some of the most interesting challenges, all of these challenges represent opportunity and return on investment, but nobody seems to want to come there”. Viola points out, that it is about the time to join them because many companies say that they have global exposure, but yet they don’t have anything on the continent of Africa at all. Or they say that they are in Africa, but only in Kenya and the HQ are located somewhere outside of Africa. This really is not how it works for Africa. And neither could it work for other continents in a similar situation.

In fact, Africa is larger than Western Europe, Eastern Europe, China, India, and the United States combined. Africa’s population by 2040 will rise to 2,5 billion people, but the statistics show that the continent has received only 0,3% of global venture capital and Tech investment in 2016. As Viola emphasizes, it is a critically small amount from what Africa needs. So, this is already a great case-study to look at by understanding the issue on a global scale.

To meet Viola A. Llewellyn, and hear more about Ovamba, secure your TechChill 2018 pass now!

Read More: https://techchill.co/viola-llewellyn-ovamba-solutions/

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17 firestarters driving change in the investment monopoly https://www.ovamba.com/blog/17-firestarters-driving-change-investment-monopoly/ Mon, 29 Jan 2018 21:52:04 +0000 https://www.ovamba.com/blog/?p=904 According to SiliconRepublic, “These investors, entrepreneurs, mentors and advocates are blazing a new trail for sci-tech entrepreneurship.” Among these “firestarters” is Ovamba’s Viola Llewellyn.

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According to SiliconRepublic, “These investors, entrepreneurs, mentors and advocates are blazing a new trail for sci-tech entrepreneurship.” Among these “firestarters” is Ovamba’s Viola Llewellyn.

Change takes effort, and it also costs money. While the system supporting start-ups is broken, within its cracks a new breed of investor, advocate and mentor is growing.

There are investors putting their money where their values are and supporting out-of-the-ordinary entrepreneurs and under-represented founders. Alongside them are those who are transforming the typical investment model, as well as the fixers focused on the pipeline problem.

To Read More: https://www.siliconrepublic.com/start-ups/sci-tech-100-2018-investors-firestarters

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6 tips for putting together the perfect elevator pitch By Elizabeth Schulze https://www.ovamba.com/blog/cnbc-6-tips-putting-together-perfect-elevator-pitch/ Mon, 29 Jan 2018 21:39:09 +0000 https://www.ovamba.com/blog/?p=896 For a startup, there are 60 seconds that can make or break you. At last week’s Slush conference in Helsinki, Finland, entrepreneurs from early-stage

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For a startup, there are 60 seconds that can make or break you.

At last week’s Slush conference in Helsinki, Finland, entrepreneurs from early-stage startups to large tech companies agreed the minute-long “elevator pitch” is crucial for getting an investor’s attention.

“We talk about how we’re going to solve a problem, make a lot of money and mitigate risk,” said Viola Llewellyn, co-founder and president of Ovamba Solutions, a financial technology (fintech) company focused on providing short-term capital to small and medium enterprises in Africa.

Llewellyn said she reworked her company’s pitch to focus on what investors want, like growth and risk protection. She said it’s important to highlight why your company is a unique solution to an investor’s problem.

To Read More: https://www.cnbc.com/2017/12/05/six-tips-for-perfecting-the-elevator-pitch.html

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Singapore FinTech Festival Q&A- Viola Llewellyn https://www.ovamba.com/blog/singapore-fintech-festival-qa-viola-llewellyn/ Fri, 01 Dec 2017 03:12:58 +0000 https://www.ovamba.com/blog/?p=885 Singapore FinTech Festival Conference Overview Q&A with Viola Llewellyn, OVAMBA CO-FOUNDER & PRESIDENT Viola Llewellyn, Co-Founder and President of Ovamba Solutions was a  speaker at the

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Singapore FinTech Festival Conference Overview Q&A with

Viola Llewellyn, OVAMBA CO-FOUNDER & PRESIDENT

Viola Llewellyn, Co-Founder and President of Ovamba Solutions was a  speaker at the “Africa”  session which took place on the 3rd day of The Singapore FinTech Festival Conference. The session consisted of entrepreneurs and co-founders of disruptors from funding, to payment service provider, to insurance. During the session, Viola stated that she believes Africa is at the start of the leapfrog effect – it is seen to be gradually accelerating to become an emerging market.

Viola has taken the time to share her thoughts on the Singapore FinTech Festival in a Q&A. Please view below:

CH: What made you interested in attending the festival?

VL: The opportunity to show and explain Africa, and change the narrative.

CH:  What were some of your expectations for the festival?And were they met?

VL:  The festival was managed to the highest levels of professionalism   The agenda was varied but the lack of understanding around the African FinTech market meant that it could have been done better to show the variety and impact.  I expected to meet more investors, but they were not prepared to meet us/Ovamba.  There was a high number of no shows and cancellations.

CH: What was it like being an African Fintech founder there?

VL: It was a GREAT honour but not surprising.  I was the only black female who presented.  I took it as a big responsibility.  3 other African platforms were present: Kudzai Kutukwa, Founder and CEO, Mobbisurance, Sean Emery, Co-founder and CEO, Rainfin, South Africa and Sameer Hirji, Co-founder, Selcom.  It was good to see a variety across a number of solutions to showcase.  More than anything, there was a strong sense of responsibility.  Ground work needs to be laid to continue the narrative and build bridges of opportunity, clarity and understanding.

CH: What were some of perceptions and/or misconception of the African market from others at the festival?

VL: That Africa is “One single generalized place”, that only solutions like charity will work.  It was clear that not as much attention to detail is afforded to Africa and we are an afterthought.  The panel was named, “Africa”.  Just Africa.  And it was the last panel of the entire conference.  We had an audience of about 150 in an auditorium that could hold about 800 – 1000.  The premise of our panel was to discuss “…. the significant progress made in Africa to reshape and adapt financial services” .  This is a misnomer as the very opportunity of FinTech has arisen by the lethargy in the delivery of financial services and the negative impact this situation has had on both consumers and business owners.

CH: Did you feel there was alot of interest in the African market?

VL: Yes – but it is just the beginning   When I toured the exhibition hall many solution providers claimed to be global but had no African presence or plans for one.  One solution provider had a presence in Kenya.  The Asian market is comfortable with English speaking Africa, NOT francophone Africa.  This is an opportunity for technology to bridge the gap to collaboration.

CH: What were some of your key takeaways from the festival?

VL: Ovamba was able to strike the right chord because of existing successful traction with Japanese investors.  I am not sure how easily we would have been able to start conversations.  It was clear that in the same way that we urge investors and collaborators to not look at Africa as one amorphous mass, we must learn and understand the different regions of Asia.  Singapore is a highly sophisticated financial hub – it is not comparable to Myanmar, Vietnam or China.  Success will come from understanding the different regions, cultures and opportunities.

CH: What are some of your thoughts on future relationships between the Singaporean and African market?

VL: Many more visits, relationship and business development are required.  I am also very sensitive to the fact that each business interaction should yield a positive engagement to build a layer of trust and rewarded expectation.

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OVAMBA CO-FOUNDER & PRESIDENT VIOLA LLEWELLYN TO SPEAK AT SLUSH 2017 https://www.ovamba.com/blog/ovamba-co-founder-president-viola-llewellyn-speak-slush-2017/ Wed, 22 Nov 2017 21:32:27 +0000 https://www.ovamba.com/blog/?p=866   FOR IMMEDIATE RELEASE 22nd November 2017 OVAMBA CO-FOUNDER & PRESIDENT VIOLA LLEWELLYN TO SPEAK AT SLUSH 2017 November 2017, Washington, DC–  Viola Llewellyn, Co-Founder

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FOR IMMEDIATE RELEASE

22nd November 2017

OVAMBA CO-FOUNDER & PRESIDENT VIOLA LLEWELLYN TO SPEAK AT SLUSH 2017

November 2017, Washington, DC–  Viola Llewellyn, Co-Founder & President of Ovamba Solutions, Inc. has been confirmed to speak on the Center Stage at Slush 2017 in Helsinki, Finland.  Slush has grown from a 300 person event in 2008, to a globally renowned gathering of thousands where entrepreneurs and investors meet.  Slush is one of the premier technology and innovation gatherings in the world.

This will be the first time that Slush has had a female African FinTech founder on its prestigious Central Stage.  Slush’s Central, Founder & Fireside Stages have been graced in the past by founders and investors such as Daniel Ek, Founder of Spotify, Crown Prince Haakon of Norway, Danae Ringelmann co-founder of Indiegogo, and Jacqueline Novogratz, CEO of Acumen Fund, to name a few.   The key note address this year will be delivered by Al Gore, former U.S.A. Vice President during the Clinton Administration.

Ms. Llewellyn will be joined by Marko Wenthin, co-founder & CCO of Solaris Bank and Andreas Antonopoulos, Bitcoin & Open Blockchain expert.   The theme of their discussion is ‘The Democratisation of Financial Services’. She will be discussing how Ovamba has shaped and recreated financial accessibility in Africa and the importance of financial services in emerging markets.   “This is epic! Ovamba has worked hard to open the doors to financial inclusion” Ms. Llewellyn stated.  She further added, “Our recent collaboration with Microsoft to develop an African language driven “chatbot” is one of many innovations that will achieve this aim.  Being at Slush to showcase this is a fantastic opportunity for the world to see Africa very differently”.

Slush is expecting upwards of 20,000 people to attend the 2 day event which runs from November 30th – December 1st 2017.

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About Viola A. Llewellyn

Viola Llewellyn is the Co-Founder and President of African FinTech innovator, Ovamba Solutions, Inc., which funds African SMEs in the trade & commodities sectors to help them grow.  She oversees strategy, business development & investor relations globally.  She and her team have created technology and business services to deliver financial inclusion to Africas SMEs, including an African natural-language chatbot and proprietary, culturally sensitive algorithms to measure SME risk within the African context.  Ms. Llewellyn is a Trustee on the Board of The Int’l Women’s Think Tank, the African Women’s Fintech & Payments Network & the European Women Payments Network.  Ms. Llewellyn has spent over 15 years in management, consulting, technology and the alternative finance sector.

About Slush

Slush (www.slush.org) is a student-driven, non-profit movement originally founded to change attitudes toward entrepreneurship. In 2016, Slush was organized in Tokyo, Shanghai and Singapore. Slush has grown from a 300-person assembly to a world-renowned event, now spreading globally.  The philosophy behind Slush has remained the same: To help the next generation of great, world-conquering companies forward.

About Ovamba

Ovamba (www.Ovamba.com) is an award winning US-founded Sharia Certified FinTech innovator that combines off-balance sheet asset backed lending with eCommerce, logistics & flexible warehousing to provide SMEs in Africa’s trade & commodities sectors with capital.  Ovamba raises capital from institutional investors to help SMEs grow.  Ovamba’s award winning technology has produced innovative Africa-sensitive proprietary risk measurement algorithms and natural African language ‘chatbots’ to solve business and functional literacy challenges to promote financial inclusion.  Ovamba’s application, ‘Ovamba Plus’ is available for Android phones as a download.

 

MEDIA CONTACTS

Adeline Sede Kamga

Media Relations

UK: +44 (0) 7961189707

Cameroon: +237-72894006

Email:  adeline.sede@fabafriq.com

 

Ciana Hamlett

Communications Coordinator

USA + 1(914) 513-1838

Email:  ciana.h@ovamba.com

TWITTER:

@VALlewellyn

@Ovamba4SMEs 

#GrowthAsAService

#GaaS

#FinTech

#ThisAintYourGranddaddysAfrica

 

FACEBOOK: www.Facebook.Com/Ovamba

 

 

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VIOLA LLEWELLYN CO-FONDATRICE & PRESIDENTE D’OVAMBA PRENDRA LA PAROLE A SLUSH 2017 https://www.ovamba.com/blog/viola-llewellyn-co-fondatrice-presidente-dovamba-prendra-la-parole-slush-2017/ Wed, 22 Nov 2017 21:26:03 +0000 https://www.ovamba.com/blog/?p=864     POUR DIFFUSION IMMEDIATE 22nd Novembre 2017 VIOLA LLEWELLYN CO-FONDATRICE & PRESIDENTE D’OVAMBA PRENDRA LA PAROLE A SLUSH 2017 Novembre 2017, Washington, DC–

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POUR DIFFUSION IMMEDIATE

22nd Novembre 2017

VIOLA LLEWELLYN CO-FONDATRICE & PRESIDENTE D’OVAMBA PRENDRA LA PAROLE A SLUSH 2017

Novembre 2017, Washington, DC– Viola Llewellyn, Co-Fondatrice & Président d’Ovamba Solutions, Inc. a été confirmée pour prendre la parole au Center Stage de Slush 2017 à Helsinki, en Finlande. Slush est passé d’un évènement de 300 personnes en 2008, à une assemblée mondialement reconnue pour de milliers de personnes où se retrouvent entrepreneurs et investisseurs. Slush est l’un des plus grands rassemblements en matière de technologie et d’innovation dans le monde.

Ce sera la première fois que Slush verra une fondatrice de FinTech Africain occuper sa prestigieuse Center Stage. Par le passé, les scènes Central, Founder et Fireside du Slush ont été honorée par la présence de fondateurs et d’investisseurs tels que Daniel Ek, Fondateur de Spotify, Le Prince Héritier Haakon de Norvège, Danae Ringelmann co-fondateur d’Indiegogo, et Jacqueline Novogratz, PDG de Acumen Fund, pour n’en citer que quelques-uns. Cette année, le discours d’ouverture sera prononcé par Al Gore, ancien vice-président des états unis sous l’administration Clinton.

Mme Llewellyn sera accompagnée par Marko Wenthin, co-fondateur et CCO de Solaris Bank et Andreas Antonopoulos, expert Bitcoin et Open Blockchain. Le thème de leurs échanges est ‘La Démocratisation des services financiers’.  Elle parlera de la manière dont Ovamba a façonné et recréé l’accessibilité financière en Afrique ainsi que de l’importance des services financiers dans les marchés émergents. « Ovamba a travaillé dur pour ouvrir les portes de l’inclusion financière. « Cela est épique”. Déclara Mme Llewellyn. Elle a ajouté “Notre récente collaboration avec Microsoft pour développer une « chatbot » axée sur la langue africaine est l’une des nombreuses innovations pour atteindre cet objectif. Ma présence à Slush est une occasion fantastique pour le monde de voir l’Afrique autrement ».

Plus de 20.000 personnes sont attendues à Slush, un évènement de deux jours qui ira du 30 novembre au 1 décembre 2017.

A propos de Viola A. Llewellyn

Viola Llewellyn est la co-fondatrice et la présidente de Ovamba Solutions, Inc, l’innovateur FinTech africain, qui finance les PME africaines dans le secteur du commerce international et des biens de consommation pour les aider à se développer. Elle supervise les stratégies, le développement des affaires et la relation avec les investisseurs à l’échelle internationale. Elle et son équipe ont créé une technologie et les services d’affaires pour apporter l’inclusion financière aux PME africaines, y compris une chatbot de langage naturel africain et propriétaire, les algorithmes culturellement sensibles pour mesurer le risque des PME dans le contexte africain. Mme Llewellyn siège au conseil d’administration du Int’l Women’s Think Tank, the African Women’s Fintech & Payments Network & the European Women Payments Network.  Elle a plus de 15 ans à son actif dans la gestion, le conseil, la technologie et le secteur de la finance alternative.

About Slush

Slush (www.slush.org) est un mouvement estudiantin à but non lucrative fondé initialement pour changer les mentalités envers l’entreprenariat. Slush a été organisé en 2016 à Tokyo, Shanghai et Singapour. Slush est passé d’une assemblée de 300 personnes à un événement reconnu mondialement, qui s’étend maintenant au reste du monde. La philosophie derrière Slush est restée la même : Aider la prochaine génération des grandes entreprises à conquérir le monde.

About Ovamba

Ovamba (www.Ovamba.com) est un innovateur FinTech américain primé et certifié charia qui associe  les prêts hors bilans adossés à des actifs avec le e-Commerce, la logistique et le stockage flexible pour apporter des capitaux aux PME  dans le secteur du commerce et des biens de consommation en Afrique. Ovamba collecte des fonds auprès d’investisseurs institutionnels pour aider les PME à croitre. La technologie primée d’Ovamba a produit des algorithmes propriétaires de mesure de risques innovateurs et sensibles à l’Afrique et des ‘chatbots’ de langages naturels africains pour relever les défis d’affaires et d’alphabétisation fonctionnelle pour promouvoir l’inclusion financière. ‘Ovamba Plus’, l’application d’Ovamba est disponible pour téléchargement pour les téléphones androïdes.

 

CONTACTS MEDIA

Adeline Sede Kamga

Relations Presse

Royaume Uni: +44 (0) 7961189707

Cameroun: +237-72894006

Courriel:  adeline.sede@fabafriq.com

 

Ciana Hamlett

Coordonnatrice des communications

USA + 1(914) 513-1838

Courriel:  ciana.h@ovamba.com

TWITTER:

@VALlewellyn

@Ovamba4SMEs 

#GrowthAsAService

#GaaS

#FinTech

#ThisAintYourGranddaddysAfrica

 

FACEBOOK: www.Facebook.Com/Ovamba

 

 

 

 

 

 

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MICROSOFT & OVAMBA PARTNERSHIP https://www.ovamba.com/blog/microsoft-ovamba-partnership/ Tue, 07 Nov 2017 22:22:54 +0000 https://www.ovamba.com/blog/?p=853 FOR IMMEDIATE RELEASE 19th October, 2017   MICROSOFT & OVAMBA PARTNER TO INNOVATE NATURAL LANGUAGE SOLUTIONS FOR AFRICAN SMALL & MEDIUM ENTERPRISES (SMEs)  

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FOR IMMEDIATE RELEASE

19th October, 2017

 

MICROSOFT & OVAMBA PARTNER TO INNOVATE NATURAL LANGUAGE SOLUTIONS FOR AFRICAN SMALL & MEDIUM ENTERPRISES (SMEs)

 

AUGUST 2017, LONDON, UK – Ovamba Solutions, Inc. and Microsoft have partnered to develop and produce the first African language driven “chat-bot” designed to serve the millions of African SMEs who face exclusion from Financial Services due to the challenges of functional and business literacy.  The Chat-Bot was conceived, designed and created by Ovamba and Microsoft and will be rolled out via Ovamba’s mobile app, ‘Ovamba Plus’.

 

Ovamba’s President & Co-founder, Viola Llewellyn, and Chief Technology Officer, Prashant Mahajan expressed their innovative ambitions to Josh Holmes, Director of ‘Microsoft Partner Catalyst’ Division at Microsoft’s Seattle, Washington campus.   In delving into the challenges of FinTech solutions on the African continent, Viola Llewellyn explained to Microsoft, “Current banking processes and some FinTech solutions are supposed to help the financially disenfranchised.  Bank solutions, application forms and contracts assume that all SMES are fully literate, and actually end up further alienating those who may not be able to read or speak French, English, Arabic or any other colonial language.  If we don’t address this then we are missing the true promise of FinTech and the opportunity to include the informal sector in GDP count”.

 

In response to the opportunity to serve the African Continent, Microsoft put a team together headed up by Shawn Cicoria, Lilian Kasem and Claudius Mbemba to help Ovamba create the chat-bot.  Prashant Mahajan led Ovamba’s tech team on the project and commented on the potential to help the millions who need support to grow.  He commented, “Ovamba has been supporting SMEs with “Growth-As-A-Service®” for the last year and realizes that business training and formal education is a luxury not afforded to some members of Africa’s entrepreneurial sector, and is often taught in western languages.  We can help them to sustain growth by delivering business support and training in the language that they are most used to”.

 

Claudius Mbemba shared the Partner Catalyst Team’s enthusiasm for the project on the Microsoft Developer Blog stating, “We plan to continue our work with Ovamba, especially building an African dialect language recognition system to enable application localization and cater to the specific dialects of their customers”.  The team also added, “We look forward to tackling these challenges and more in our future work with Ovamba”.

 

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Episode 12: What it’s like to start a FinTech Company in Africa? – Africans Building Africa https://www.ovamba.com/blog/episode-12-like-start-fintech-company-africa-africans-building-africa/ Tue, 07 Nov 2017 21:59:04 +0000 https://www.ovamba.com/blog/?p=850 The FinTech industry is one of the fastest growing industries in Africa, and Viola Llewellyn made sure to capitalize on the growth. She founded

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The FinTech industry is one of the fastest growing industries in Africa, and Viola Llewellyn made sure to capitalize on the growth. She founded Ovamba Solutions (www.Ovamba.com), a platform that provides micro, small and medium sized African businesses with access to short-term trade and growth capital.  To create a Minimum Viable Product (MVP), Viola started […]

Source: Episode 12: What it’s like to start a FinTech Company in Africa? – Africans Building Africa

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The role of women in financial leadership in Africa https://www.ovamba.com/blog/the-role-of-women-in-financial-leadership-in-africa-journal-du-cameroun/ Sun, 17 Sep 2017 22:48:26 +0000 https://www.ovamba.com/blog/?p=826 Africa’s business landscape is a complex arena of evolving trends and discarded stereotypes. In recent years, we have seen advancement in how gender is

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Africa’s business landscape is a complex arena of evolving trends and discarded stereotypes. In recent years, we have seen advancement in how gender is discussed and its effects on how women in leadership are perceived, especially in the financial sector.

As the role of women changes in Africa, the financial sector has their work cut out to catch up with the acceleration of women in entrepreneurship. Increasingly, women in Africa are seeking to create wealth for themselves and start their own businesses. Much has been documented about women as the client or recipient of financial services, but what is the current reality for women who are in leadership and making the financial decisions?

Women who have chosen the entrepreneurial route are demanding financial inclusion at all levels. But there is weak response from traditional banking institutions, some of whom require or insist that “husbands” guarantee loans. Ovamba, a FinTech company based in Cameroon is focused on short term funding to African SMEs and has seen applications for funding where the husband is listed as “proprietor” of the business, but the wife is the actual founder and operator of the business. Full and final responsibility for financial decisions rest in her hands, but some male financial managers do not take women in leadership seriously, so the husband “fronts” the business. For Ovamba, this indicates that women in financial leadership is not uncommon, it just is not easily recognized, let alone celebrated in some regions.

Where African banks and MFIs have been slow on the uptake, alternative financial institutions are picking up the slack. They see an obvious opportunity to interact with a key decision maker, who just happens to be a woman. Women in leadership are very confident of their powerbase of influence at this level. Ovamba sees a trend in women choosing to use their leadership roles to have effect on matters outside of their core business and ensure that communities are protected by their decisions.

Africa’s financial institutions have not been able to create the right risk models for SMEs, let alone women, hence many are left out of the available capital in banking systems where treasury levels are heavily regulated by central banks. This has led to women opening MFIs, and the emergence of small co-ops led by women who only lend to women. Women are more open to the idea of other women having opportunities and so they tend to have long term ambitions as it relates to opportunities that exist for them if they are allowed to make financial decisions that affect other women positively.

Ovamba has found that women in charge of financial decisions have a much better understanding and approach to risk than their male counterparts realise. Female led businesses tend to be better run and have better long term prospects. The presence of women in leadership roles makes the ecosystem for alternative finance and lending a strong and positive place for investors looking at Africa as a destination for investment returns.

However, for women in Africa to realize their full impact on financial leadership they may have to gain a greater foothold at the level of Government to gain influence and affect legislation, and that is a hard ceiling to crack.

BY  Viola Llewellyn @VALlewellyn 

Source: The role of women in financial leadership in Africa – Journal du Cameroun

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2017 Benzinga Fintech Award Underbanked Winner https://www.ovamba.com/blog/your-2017-benzinga-fintech-award-winners-underbanked/ Sun, 17 Sep 2017 21:55:05 +0000 https://www.ovamba.com/blog/?p=818 The 2017 Benzinga Global Fintech Awards were held in May, recognizing the companies and individuals who have shown the most financial technology innovation in the last

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The 2017 Benzinga Global Fintech Awards were held in May, recognizing the companies and individuals who have shown the most financial technology innovation in the last year. Among this year’s winners was Ovamba, winning in the  “Underbanked” category.

More than 300 companies from all over the world applied for the 18 awards given out at this year’s gala, which was attended by some of the biggest venture capitalist firms, hedge funds, brokerages, and media outlets from across the industry.

“I would like to personally congratulate all the winners of this year’s Benzinga Fintech Awards,” Benzinga founder and CEO Jason Raznick said. “They all demonstrated the kind of forward thinking and product development that will move our industry forward for years to come.”

Without further ado, here’s a short list of your 2017 award winners:

Overall Winners

Winner: AlphaPoint

Second Place: Unison Home Ownership Investors

Third Place: WiseBanyan

 

Underbanked

Winner: Ovamba

 

Category: Alternative Investments

Winner: SAF Platform

 

Analysis

Winner: TradingView

 

Digital Mortgage / Real Estate

Winner: Rocket Mortgage

Note: This article originally named PeerStreet the winner. PeerStreet was runner-up for this award.

 

Education / Personal Finance

Winner: FutureFuel.io

 

Source: Your 2017 Benzinga Fintech Award Winners | Benzinga

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