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Mama Money (South Africa) is a South African-based [[fintech]] company that provides low-cost [[Money transfer|money transfers]]. Established in March 2013, the company provides financial services to underbanked and underserved communities. Mama Money South Africa provides these communities with the ability to transfer money across international borders. |
Mama Money (South Africa) is a South African-based [[fintech]] company that provides low-cost<ref>{{Cite news |last=Africa |first=Tech |date=2 October 2024 |title=Mpesa Partners with Mama Money for Easy Low Cost International Transfers |url=https://www.techafricanews.com/2024/08/02/m-pesa-partners-with-mama-money-for-easy-low-cost-international-transfers/ |url-status=live |archive-url= |archive-date= |work=Tech Africa News |pages=}}</ref> [[Money transfer|money transfers]]. Established in March 2013, the company provides financial services to underbanked and underserved communities. Mama Money South Africa provides these communities with the ability to transfer money across international borders. |
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== '''History''' == |
== '''History''' == |
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[https://www.mamamoney.co.za/ Mama Money] South Africa was co-founded by Mathieu Coquillon<ref>{{Cite news |last=Private Bank |first=Investec |date=10 January 2021 |title=Five minutes with Mathieu Coquillon of Mama Money |url=https://www.investec.com/en_za/focus/ahead-of-the-curve/entrepreneurship/five-minutes-with-mathieu-coquillon-of-mama-money.html |url-status=live}}</ref> and Raphael Grojnowski<ref>{{Cite web |last= |
[https://www.mamamoney.co.za/ Mama Money] South Africa was co-founded by Mathieu Coquillon<ref>{{Cite news |last=Private Bank |first=Investec |date=10 January 2021 |title=Five minutes with Mathieu Coquillon of Mama Money |url=https://www.investec.com/en_za/focus/ahead-of-the-curve/entrepreneurship/five-minutes-with-mathieu-coquillon-of-mama-money.html |url-status=live}}</ref> and Raphael Grojnowski in March 2013 as a fintech company<ref>{{Cite web |last=Burn |first=Venture |date=2 July 2020 |title=SA Fintech Mama Money Expands Globally |url=https://ventureburn.com/2020/07/sa-fintech-mama-money-expands-globally/ |url-status=live}}</ref> which are headquartered in [[Cape Town|Cape Town, South Africa]]. Mathieu Coquillon started his career in various marketing professions and Raphael previously worked at United Nations World Food Program as a Program Officer. He attended [[SOAS University of London]] and [[Durham University]]. Raphael obtained a Degree in Law from Durham University in the UK and a Masters in Development Studies from the [[University of London]] which looked at rural livelihoods, agricultural development, [[famine]] and [[food security]]. The two co-founders found each other and decided to start Mama Money South Africa. They saw a gap in the money transfer services industry and with a mission to reduce the cost of [[Remittance|remittances]] and provide fairer financial services to migrant workers in [[Africa]]. The company initially focused on remittances<ref>{{Cite news |last=Pham |first=Manny |date=27 June 2024 |title=Mama Money integrates WhatsApp into remittance service |url=https://developingtelecoms.com/telecom-technology/financial-services/16919-mama-money-integrates-whatsapp-into-remittance-service.html |url-status=live}}</ref> to [[Zimbabwe]] and has expanded its services to several other countries<ref>{{Cite web |last=IT |first=Financial |date=28 May 2020 |title=South Africa's Mama Money Expands Global Reach Western Union |url=https://financialit.net/news/payments/south-africas-mama-money-expands-global-reach-western-union |url-status=live}}</ref><ref>{{Cite news |last=Writer |first=Staff |date=25 June 2024 |title=Mama Money taps WhatsApp for cross-border payments |url=https://www.itweb.co.za/article/mama-money-taps-whatsapp-for-cross-border-payments/LPp6V7rBxZb7DKQz |url-status=live}}</ref>. The founders' vision and focus was inspired by their firsthand experiences with the high costs and inefficiencies in the remittance market, particularly affecting [[Migrant worker|migrant workers]]<ref>{{Cite web |last=BONORCHIS |first=RENÉE |date=1 August 2024 |title=Mama Money Moving money for migrants |url=https://www.businesslive.co.za/fm/fm-fox/2024-08-01-mama-money-moving-money-for-migrants/ |url-status=live}}</ref> who needed to send money home to support their families. |
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== References == |
== References == |
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Revision as of 10:02, 2 October 2024
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Mama Money (South Africa) is a South African-based fintech company that provides low-cost[1] money transfers. Established in March 2013, the company provides financial services to underbanked and underserved communities. Mama Money South Africa provides these communities with the ability to transfer money across international borders.
History
Mama Money South Africa was co-founded by Mathieu Coquillon[2] and Raphael Grojnowski in March 2013 as a fintech company[3] which are headquartered in Cape Town, South Africa. Mathieu Coquillon started his career in various marketing professions and Raphael previously worked at United Nations World Food Program as a Program Officer. He attended SOAS University of London and Durham University. Raphael obtained a Degree in Law from Durham University in the UK and a Masters in Development Studies from the University of London which looked at rural livelihoods, agricultural development, famine and food security. The two co-founders found each other and decided to start Mama Money South Africa. They saw a gap in the money transfer services industry and with a mission to reduce the cost of remittances and provide fairer financial services to migrant workers in Africa. The company initially focused on remittances[4] to Zimbabwe and has expanded its services to several other countries[5][6]. The founders' vision and focus was inspired by their firsthand experiences with the high costs and inefficiencies in the remittance market, particularly affecting migrant workers[7] who needed to send money home to support their families.
References
- ^ Africa, Tech (2 October 2024). "Mpesa Partners with Mama Money for Easy Low Cost International Transfers". Tech Africa News.
{{cite news}}: CS1 maint: url-status (link) - ^ Private Bank, Investec (10 January 2021). "Five minutes with Mathieu Coquillon of Mama Money".
{{cite news}}: CS1 maint: url-status (link) - ^ Burn, Venture (2 July 2020). "SA Fintech Mama Money Expands Globally".
{{cite web}}: CS1 maint: url-status (link) - ^ Pham, Manny (27 June 2024). "Mama Money integrates WhatsApp into remittance service".
{{cite news}}: CS1 maint: url-status (link) - ^ IT, Financial (28 May 2020). "South Africa's Mama Money Expands Global Reach Western Union".
{{cite web}}: CS1 maint: url-status (link) - ^ Writer, Staff (25 June 2024). "Mama Money taps WhatsApp for cross-border payments".
{{cite news}}: CS1 maint: url-status (link) - ^ BONORCHIS, RENÉE (1 August 2024). "Mama Money Moving money for migrants".
{{cite web}}: CS1 maint: url-status (link)
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