Running a business is never an easy task, every business owner will tell you that at one point or another they have had to consider various financial options to help grow and develop their businesses.
This especially applies to small businesses that wish to compete with bigger players in the market.In an article published on World Economic Forum on the 4th August 2015, it was highlighted that Africa has been hailed as the next frontier and increased economic growth in the region has led to an increase in the number of small businesses being opened every year.
Product financing has…
Mastercard Selects Lipa Later for Start Path Program
Lipa Later is the 2nd African start-up this year and one of 8 later-stage global start-ups that has been selected to participate in Mastercard’s Start Path program. The award-winning start-up engagement platform provides curated access to Mastercard’s global ecosystem of partners and channels and a gateway to operational support, technology expertise and opportunity to secure strategic investment.
Starting in 2014, Start Path has been working with later-stage startups with a key focus on those in fintech and commerce. The 6 month program offers operational support and technological expertise to address fintech needs…
It is the nature of any individual consumer or group, to purchase goods and services to satisfy their needs and wants; be it in supermarkets, shopping malls or even the mama mboga kiosks. These individuals are not just buying random items but are more prone to specific brands depending on the purchasing influence they get.
For any consumer-based company, understanding the underlying factors that cause a consumer to select and buy specific goods and services is key to their business. …
Any time you are engaging with a financial institution for the first time, there is the dread that comes with endless paperwork and request for documentation. Know your customer (KYC) procedures continue to lengthen customer on-boarding which often leaves the customer frustrated based on the increasing number of relationships that they have with financial institutions.
From an institutional point of view, enhanced due diligence delivers detailed background checks to avoid fraud and other related crimes. However, most institutions have found these processes to be increasingly burdensome both in terms of time and cost.
The different KYC approaches by institutions reflect…
A business’s success is pegged on its ability to quickly adjust to the needs, trends and budgets of your customers. With so many products and services fighting for an ever shrinking share of wallet, businesses have been thinking through innovative ways to drive their customers to purchase bigger ticket items and increasing frequency of purchase so as to increase their revenue.
Credit uptake in Kenya has been on the rise primarily driven through mobile lending. Consumer financing has been in Kenya for many years and is mostly relatable to our parents and grandparents. …
When someone says Ruby, the first thing that comes to mind is the precious stone or the name Ruby. In tech, it has a whole other meaning. Ruby is a programming language much like the more commonly known Java or Python.
Ruby was designed and developed by Yukihiro “Matz” Matsumoto in Japan with the first release in 1995. For those that use Ruby, they describe it as a beautiful, artful language that is known to be flexible because it allows programmers to make modifications to various parts of the language if desired.
As Ruby continued to gain popularity in the…
What is retail credit?
Retail credit or (consumer credit as it is also popularly known) may be defined as the provision of loan products to the general public by a financial institution for the sole purpose of acquiring goods and services. Examples of financial products that fall under the umbrella of retail credit include: mortgages, personal loans, debit cards and credit cards.
How does retail credit work in developed markets?
In developed financial services markets, retail credit is readily available to any persons who have attained the legal borrowing age in their respective country. This is possible through mandatory and…
It is refreshing to work in an environment run by a young, vibrant and aggressive team. A team purely comprised of dreamers, visionaries, and raw talent. A team focused on limitless possibilities.
Often, the successes of such a team are born from circumstances that seasoned professionals would consider unacceptable risks. But this team views failure as a learning opportunity to revamp projects, with the aim of continuously improving the end user experience.
It’s easy to see why many aspiring professionals dream of joining such a team, if only to soak up the ever-evolving skills and knowledge that such an environment…
Lipa Later
We are a financial life partner, that makes living more affordable and everyone’s dream come true.
