MoDe wins Africa leg of IBM competition

2012-11-05 10:25

(Stan Honda, AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cape Town – The Kenyan mobile nano credit company Mobile Decisioning was announced as the winner of the first IBM SmartCamp that was held in South Africa.

Mobile Decisioning is a company that focuses on delivering micro and nano credit products to consumers across the globe.

MoDe will now compete in the regional finals of IBM’s Global Entrepreneur of the Year Competition in Sao Paulo in December.

They will also gain support and mentorship from an IBM team of experts to prepare for the competition as well as benefit from exposure to the IBM venture capital and partner ecosystem.

The IBM SmartCamp is staged in 20 different at locations around the world and brings together entrepreneurs, investors and experienced mentors who want to build a Smarter Planet.

Four tech start-up companies from across the country presented their business ideas to a panel of judges during an event that was held in Cape Town.  

The requirements for entrepreneurs to participate in the programme was that their companies must be privately owned, they must have been in the business for five years or less, and they must be actively engaged in developing a software based product or service.

MoDe is a two year-old company with over 50 employees and a presence in five countries. Its product has already been used by millions across the continent.

“MoDe and all the finalists of Smart Camp demonstrated great tech innovation for South Africa and the African continent.  What’s more exciting is their supporting teams, business model and future plans are solid and will definitely attract positive attention of the investment community to help accelerate their commercial aspirations," said Clayton Booysen, ISV and Developer Relations Lead for IBM South Africa.


– Follow Chantelle on Twitter.

 
- News24
Read more on:    ibm  |  technology
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

40% off top appliances!

Save 40% on the top 10 appliances on kalahari.com. While stocks last. Shop now!

Save 20% on Camping gear!

Buy 4 camping items and save 20%. While stocks last. Shop now!

Fifty Shades of Grey!

This great read will captivate you from cover to cover and leave you itching for more. Get your copy now!

20% off braai items!

Save 20% when you buy 2 braai items. While stocks last. Shop now!

30% off Pampers!

Save 30% when you buy 3 or more selected pampers products. While stocks last. Shop now!

Horoscopes
Aquarius
Aquarius

There is a strong focus on sharing the optimistic energy with your loved one. You are in the mood to go large and impress your...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.