Tech

Egypt’s e-commerce startup, Shahbandr, creates platform to help merchants build online businesses

Published

2 years ago

January 18, 2023

Egyptian e-commerce startup, Shahbandr, has stood out in helping merchants build and grow online businesses via its SaaS-based e-commerce platform, according to co-founder and CEO, Shady Abdelshaheed.

The startup which was founded in May 2021, is a one-stop solution that helps merchants in the country to “start, build, sell, manage and grow an online business in the e-commerce industry.”

“We have hands-on experience in both web-building and e-commerce business, and with the rise of the SaaS model, the pandemic, and growing market need, we decided to start the platform,” Abdelshaheed, said of the new offering on Wednesday.

In September last 2021, Shahbandr launched its MVP with Taager.com, before officially launching to the public last January, which has become one of the most popular e-commerce platforms in the North African country.

The platform currently has an active user base of over 150 paying customers, and has fulfilled more than 150,000 orders, and according to Abdelshaheed, its goal is to become the number one e-commerce platform in the region and beyond.

“More than 78 per cent of Egyptians are now online and want to buy, but 78 per cent of local merchants still need to embrace online tools to bring them into this competitive marketplace.

“Only 22 per cent of Egyptian merchants have online stores, and there are fewer across the MENA region. Present providers lack full integration and do not offer a complete one-stop-shop.

“So we offer a business in a box solution that is ready to go, yet some merchants prefer us to enable some or all ingredients,” he said.

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Tech

20 African tech-preneurs embark on Korean innovation tour

Published

7 hours ago

December 22, 2024

Isaac Dachen

The African Development Bank Group’s Innovation and Entrepreneurship Lab has selected 20 promising tech entrepreneurs from various African technology ventures and enterprise support organisations to embark on a two-week study tour of the Republic of Korea, with the aim of seeking investment and insights from the country’s innovative tech ecosystem.

The selected entrepreneurs are from 133 ventures that participated in last month’s Africa Tech Startup Forum.

The forum which will hold under the auspices of the lab’s “Leveraging the Entrepreneurial and Innovation Success of Korea to Strengthen African Enterprise Support” project, had selected entrepreneurs who pitched the best business models during the week-long virtual market access and acceleration programme preparing, training, and connecting technology ventures with opportunities.

The 20 young tech-preneurs were selected from eight African countries including Nigeria, Egypt, Ghana, Kenya, Morocco, Rwanda, South Africa, and Uganda, with the delegates spanning various sectors in the technology space.

While in Korea, the African delegates will pay visits to prestigious institutions such as Global Startup Centre, LG Science Park, the Korea Software Technology Association, and the Global Digital Innovation Network.

Speaking on behalf of the delegates, founder of Kenya-based health technology venture Zuri Health, Uche Ezadinachi said:

“I am excited to go to Korea because the country has made serious technological developments. The country is a technology-driven society, and this tour is an opportunity for me to see how we can bring such technology to Africa.

“We will share experiences with our Korean counterparts; they will learn from us as much as we learn from them,” he added.

Tech

Kenya’s ticketing startup BuuPass partners Flexpay for flexible travel payments

Published

3 days ago

December 19, 2024

Isaac Dachen

Kenyan digital ticketing startup, BuuPass, has entered into a partnership with goal-based savings platform, Flexpay, to offer customers flexible payment plans ahead of holiday travels as well as simplify travel planning and ease the financial burden of holiday travel for Kenyans.

Co-founder and CEO at Buupass, Sonia Kabra, who unveiled the package at a press conference, said the collaboration between the two platforms will allow travellers to save for their journeys in manageable, interest-free installments over four to 12 weeks.

“Travelers can select their travel dates, book tickets, and pay a small deposit upfront, with the remaining balance spread across weekly or monthly payments,” she said.

“This approach offers a stress-free way for families and large groups to secure their tickets early, helping them avoid last-minute price hikes as fares are locked in.

“By partnering with Flexpay, we’re giving travelers the flexibility to budget for their trips in advance. This initiative aligns with our mission to make travel accessible to everyone, providing a solution that meets customers where they are financially,” said Kabra.

Also speaking at the event, Richard Machomba, CEO and founder of Flexpay, said:

“Flexpay’s mission is to empower individuals by providing accessible financial solutions that make it easier for them to achieve their financial goals.

“By partnering with BuuPass, we’re making travel more accessible and stress-free for Kenyans, especially during the holiday season when expenses can be overwhelming,” Machomba added.

Founded in 2016 by Kabra and Wyclife Omondi, BuuPass is a B2B2C mobility marketplace that enables users to search, compare, and book travel tickets via web, app, or USSD, while its SaaS platform helps bus operators manage their operations, inventory, and sales.

FlexPay, on the other hand, is an online and offline payment gateway that allows merchants to offer interest-free targeted savings to their customers in Africa.