Saescada proves that it’s FinTech solution can help millions of African Farmers
Saescada has been chosen as one of the key partners in a major consortium to deliver real change in Africa.
FinComEco, a fully integrated Financial & Commodities Ecosystem launched last week providing services, financing, capacity building and enablement solutions.
The ecosystem will drive improvements in food security, economic diversity and financial inclusion through a socially responsible commercial delivery partnership.
The system built by the team at Saescada has many unique features that enable it to operate as a full banking platform to providing the services which will be needed in Africa such as
- Mobile Biometric on-boarding
- Peer-to-peer payments
- Ultra-low cost banking infrastructure
- Smart & ‘dumb’ phone solutions
Commenting on this Nelson Wootton Founder and CTO stated that “Deploying Saescada’s best of breed Parlez! platform across Africa is an incredibly exciting opportunity. This is the next step in our mission to provide ubiquitous global access to financial services.
Parlez! provides a seamless digital platform, under-pinned by a micro-services architecture, it’s a complete low cost financial ecosystem, which is perfectly suited to address the challenges of this new environment.”
The goal is a sustainable and increasing improvement in the sophistication and living standards of smallholder farmers and their families in developing countries brought about by a venture, which links agriculture to the latest financial technology. It will initially focus on Africa.
Steve Round Founder and CEO at Saescada commented, “There are massive financial inclusion and food security issues across the developing world with not enough being done in a cohesive fashion to address some of them,” he added, “I am delighted that our mobile electronic banking and payments system can add real value, in this unique integrated solution, to many millions of farmers delivering against many of the United Nations Sustainable Development Goals.”
NOTES TO EDITORS
Saescada is the company that houses the team that built the UK’s first challenger banking platform
Steve Round is the Founder of The Change Account, Chair at Ecology Building Society and Chair at The Big Issue Foundation and Director at FinComEco.
Nelson Wootton works across a number of industries providing innovative technology solutions. A dynamic and enthusiastic senior executive with over 25 years experience in IT and 18 years experience in management.