• Phone: (237) 677 859 147
  • B.P 7218 Bonanjo
  • Email: info@iwomitechnologies.com

ABOUT US

  • Admin
  • 2021-07-05
  • Interviews

Who is IWOMI?

IWOMI Technologies Ltd, is a Cameroonian Fintech company and a major player in the struggle for financial inclusion through the digital transformation of the banking sector in Africa.

IWOMI specializes in systems integration, implementation, maintenance and upgrade of core banking systems project management, development of applications, technical assistance and trainings.

We provide our partners / customers with quality, innovative, revolutionary and cutting-edge solutions and services, indexed to best practices and international standards, which combine strategic vision, business knowledge and technical expertise. This allows them to gain a competitive advantage

 

What was your inspiration/vision?

I started IWOMI Technologies, because I saw the opportunity to build a company that would digitally transform the banking and finance sector in Cameroon and Africa as a whole. Having spent a large part of my career as a developer for banks, I recognized there was something missing, which if developed, will bring about a slow but steady change in the industry. I saw the lapses of the banking sector, especially with most manual processes and thought of how to bring a digital revolution.  By building a company focused on innovative and rapid product development I can leverage the latest technologies and always innovate to serve the needs of the ever-growing financial sector.

 

How has the company evolved over 6 years of existence?

We launched the company with our first product, Softeller with a mission to ease money transfer around the world. We saw how difficult it was for Cameroonians around the world to send money to loved ones at home and vice-versa and so we developed technology to make it possible for people abroad to send money from their bank cards instantly and directly into mobile wallets in Cameroon.

Since 2015, we’ve expanded our product offering from a single product to a comprehensive number of products and services serving both our B2B and B2C markets and supporting partnerships with a growing ecosystem of integrated solutions and partners. Through all the changes, though, our team has always been our biggest strength. 

Today, we are proud to offer eight (08) fully-functional B2B Products, four (04) B2C Products and nine (09) services to the banking and finance sector in Africa.

 

What’s next for the company?

We have some exciting things happening our products and services, with constantly expanding features and functionality and partnership launches. We have a huge opportunity in front of us as more banks, financial institutions and even individuals realize that going digital is very necessary to remaining competitive in the industry. We are excited to see IWOMI Technologies fulfill our mission of "fighting for financial inclusion through the digital transformation of the banking sector in Africa”.

 

What threats have been encountered and how have they been fixed?

Running a business has never been easy. The startup economy is rich with opportunity, innovation and potential but at the same time, it is also fraught with high-stakes threats. We have faced common problems like competition and financing. But to a greater extent, we have been constantly hit by a core threat being marketing our products. We deal in innovation, and the African society is not very welcoming to novelties because of the fear of the unknown.

 Nonetheless, while it may be scary to take that leap of faith, jumping into the deep end of the startup pool is significantly less intimidating once you understand and assess these risks.

 

What is the future of FinTech in Cameroon and Africa?

Fintech is already reshaping the financial industry with the introduction of digital money, platform-based services, accelerating digital transformation and a host of others. The future of banking in Africa will see the rise of new financial services, business models and revenue streams. For banks and financial institutions, it is important to understand the challenges of the market and evolve to solve them.

IWOMI Technologies Ltd - Fintech company | Cameroon IWOMI Technologies Ltd, is a Cameroonian Fintech company and a major player in the struggle for financial inclusion through the digital transformation of the banking sector in Africa.

Technologies

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postingssim
2021-07-29

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contactfelyli
2021-07-15

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