Bleu

Proud to announce Bleu as the Regional Winner of the Eastern Africa Startup Awards for Fintech Startup of the Year! Representing Sudan and inspired by #BlueforSudan, Bleu emerged victorious among 12,000 nominees . Despite challenging conditions in war-torn Sudan, our startup has excelled, becoming one of the 69 winners, a 0.6% success rate. Founded just last year, Bleu stands as one of the top 5 Fintech startups in Africa and the best in East Africa. #BlueforSudan #Sudan #GSAwards #GSAAfrica #InnovatingAfrica #GIIGAfrica #Innovator

Proud to announce Bleu as the Regional Winner of the Eastern Africa Startup Awards for Fintech Startup of the Year! Representing Sudan and inspired by #BlueforSudan, Bleu emerged victorious among 12,000 nominees . Despite challenging conditions in war-torn Sudan, our startup has excelled, becoming one of the 69 winners, a 0.6% success rate. Founded just last year, Bleu stands as one of the top 5 Fintech startups in Africa and the best in East Africa. #BlueforSudan #Sudan #GSAwards #GSAAfrica #InnovatingAfrica #GIIGAfrica #Innovator

We are proud to announce that Bleu is the Regional Winner of the Eastern Africa Startup Awards for The Fintech Startup of the Year. Bleu is representing Sudan 249Startups #BlueforSudan #Sudan #GSAwards #GSAAfrica #innovatingafrica #GIIGAfrica #Innovator

We are proud to announce that we are representing Sudan in TWO ( Yes, 2 ) award categories at the Global Startup Awards Africa 2024 competition! To put us through to the next round, vote for us by following these steps : 1- Click the link : https://shorturl.at/d24og 2. Scroll down to "Filter by nomination name" and type "Bleu." 3. Click the VOTE button for "Best Newcomer." 4. Select "Vote with Email," enter details . 5. Do the same and vote for us For (Fintech Startup of The Year) category . #GSAwards #GSAfrica #RegionalFinalist #innovator #Sudan #BleuForSudan #GIIG_Africa #innovateafrica Eastern Africa Startup Awards

Exciting News! We're thrilled to announce that Bleu has been nominated in two categories : as BEST NEWCOMER in Sudan  and   FINTECH STARTUP OF THE YEAR in Sudan for the Eastern Africa Startup Awards 2024 This recognition is a testament to our team's hard work and dedication to Empowering Africa's Financial Future  . We're proud to be part of the Sudan startup ecosystem and grateful for the support of our community. Our startup offers biometric authentication, digital onboarding & eKYC, banking as a platform, and cross-border remittances. Following the civil war in Sudan, the country's banks are grappling with severe viability challenges. With the national currency depreciating by 60%, banks urgently need foreign currency reserves to stabilize their operations. Compounding this issue, 70% of bank branches have shut down, each costing between $50,000 and $250,000 to establish, with high operational expenses averaging $175,000 per annum and 24 employees per branch. Despite attempts to formalize remittance channels, informal channels still dominate, representing six times the volume of formal remittances even before the war. Furthermore, the majority of banks' assets, typically 70%, are tied up in financing and loans, many of which are now in default due to force majeure, leaving little recourse or valuable collateral. We are here to help. We will help rebuild it. Let’s work together! Thank you to the Dream Team and to everyone who has believed in us and contributed to our journey so far. We're honored to be among such talented and worthy nominees. Let's keep pushing boundaries ! #Bleu #EasternAfricaStartupAwards #Sudan #BestNewcomer #Biometric #Innovation #StartupLife #Remittances #BAAP Global Startup Awards Africa

Exciting News! We're thrilled to announce that Bleu has been nominated in two categories : as BEST NEWCOMER in Sudan  and   FINTECH STARTUP OF THE YEAR in Sudan for the Eastern Africa Startup Awards 2024 This recognition is a testament to our team's hard work and dedication to Empowering Africa's Financial Future  . We're proud to be part of the Sudan startup ecosystem and grateful for the support of our community. Our startup offers biometric authentication, digital onboarding & eKYC, banking as a platform, and cross-border remittances. Following the civil war in Sudan, the country's banks are grappling with severe viability challenges. With the national currency depreciating by 60%, banks urgently need foreign currency reserves to stabilize their operations. Compounding this issue, 70% of bank branches have shut down, each costing between $50,000 and $250,000 to establish, with high operational expenses averaging $175,000 per annum and 24 employees per branch. Despite attempts to formalize remittance channels, informal channels still dominate, representing six times the volume of formal remittances even before the war. Furthermore, the majority of banks' assets, typically 70%, are tied up in financing and loans, many of which are now in default due to force majeure, leaving little recourse or valuable collateral. We are here to help. We will help rebuild it. Let’s work together! Thank you to the Dream Team and to everyone who has believed in us and contributed to our journey so far. We're honored to be among such talented and worthy nominees. Let's keep pushing boundaries ! #Bleu #EasternAfricaStartupAwards #Sudan #BestNewcomer #Biometric #Innovation #StartupLife #Remittances #BAAP Global Startup Awards Africa

Exciting News! We're thrilled to announce that Bleu has been nominated in two categories : as BEST NEWCOMER in Sudan  and   FINTECH STARTUP OF THE YEAR in Sudan for the Eastern Africa Startup Awards 2024 This recognition is a testament to our team's hard work and dedication to Empowering Africa's Financial Future  . We're proud to be part of the Sudan startup ecosystem and grateful for the support of our community. Our startup offers biometric authentication, digital onboarding & eKYC, banking as a platform, and cross-border remittances. Following the civil war in Sudan, the country's banks are grappling with severe viability challenges. With the national currency depreciating by 60%, banks urgently need foreign currency reserves to stabilize their operations. Compounding this issue, 70% of bank branches have shut down, each costing between $50,000 and $250,000 to establish, with high operational expenses averaging $175,000 per annum and 24 employees per branch. Despite attempts to formalize remittance channels, informal channels still dominate, representing six times the volume of formal remittances even before the war. Furthermore, the majority of banks' assets, typically 70%, are tied up in financing and loans, many of which are now in default due to force majeure, leaving little recourse or valuable collateral. We are here to help. We will help rebuild it. Let’s work together! Thank you to the Dream Team and to everyone who has believed in us and contributed to our journey so far. We're honored to be among such talented and worthy nominees. Let's keep pushing boundaries ! #Bleu #EasternAfricaStartupAwards #Sudan #BestNewcomer #Biometric #Innovation #StartupLife #Remittances #BAAP Global Startup Awards Africa

Exciting News! We're thrilled to announce that Bleu has been nominated in two categories : as BEST NEWCOMER in Sudan  and   FINTECH STARTUP OF THE YEAR in Sudan for the Eastern Africa Startup Awards 2024 This recognition is a testament to our team's hard work and dedication to Empowering Africa's Financial Future  . We're proud to be part of the Sudan startup ecosystem and grateful for the support of our community. Our startup offers biometric authentication, digital onboarding & eKYC, banking as a platform, and cross-border remittances. Following the civil war in Sudan, the country's banks are grappling with severe viability challenges. With the national currency depreciating by 60%, banks urgently need foreign currency reserves to stabilize their operations. Compounding this issue, 70% of bank branches have shut down, each costing between $50,000 and $250,000 to establish, with high operational expenses averaging $175,000 per annum and 24 employees per branch. Despite attempts to formalize remittance channels, informal channels still dominate, representing six times the volume of formal remittances even before the war. Furthermore, the majority of banks' assets, typically 70%, are tied up in financing and loans, many of which are now in default due to force majeure, leaving little recourse or valuable collateral. We are here to help. We will help rebuild it. Let’s work together! Thank you to the Dream Team and to everyone who has believed in us and contributed to our journey so far. We're honored to be among such talented and worthy nominees. Let's keep pushing boundaries ! #Bleu #EasternAfricaStartupAwards #Sudan #BestNewcomer #Biometric #Innovation #StartupLife #Remittances #BAAP Global Startup Awards Africa

The Future of Payments in Africa The 21st century has seen significant shifts in how people pay for goods and services, with electronic payments increasingly replacing cash. Cryptocurrency and digital currencies are emerging as alternatives to traditional money concepts. Africa has adapted to this innovation, with new investments and regulatory changes shaping the e-payments landscape. Between 2020 and 2025, Africa's domestic e-payments market is expected to grow by approximately 20% per year, reaching around $40 billion by 2025. E-payments are a major growth opportunity on the continent, especially as the convenience and scalability of payment methods improve and supporting infrastructure develops. Africa comprises over 50 countries with their own financial services markets, regulations, and competitive dynamics. The future of payments in Africa is expected to double to more than 600 million in 2022, with mobile-data traffic expected to grow sevenfold. Telecom companies are driving growth in consumer electronic payments in Africa, introducing innovative payment solutions and value-added services to their large customer bases. Fintechs are expected to be key accelerators of this shift as consumers move from basic mobile money to wallets offering more complete financial services. Africa's 80 to 90 million SMEs remain an untapped opportunity in the payments space, with specialist fintechs expected to be the front-runners in enabling SMEs to expand their footprint from offline to online via e-commerce. Consolidation in the payments landscape is crucial for the long-term economic viability of players in the payments landscape. Banks are expected to continue playing a leading role in payments, with four big opportunities for banks: leveraging existing infrastructure and networks to capture the offline payments market, delivering embedded finance, offering payments-as-a-service, and developing ecosystems through the consolidation of customer transaction enablement and participation across verticals. Source :McKinsey & Company report https://lnkd.in/dYchJdeA

The global market size of Islamic Fintech transaction volume was estimated to be USD 138 billion in 2022/23 and is anticipated to reach USD 306 billion by 2027 at a CAGR of 17.3% compared to overall global Fintech industry, which is expected to develop at a CAGR of 12.3% over the same time period. The largest countries in terms of estimated transaction volume are Saudi Arabia, Iran, Malaysia, the United Arab Emirates, Indonesia and Kuwait. Meanwhile, the GIFT (Global Islamic Fintech) Index 2023/24 lists Malaysia, Saudi Arabia, Indonesia, the United Arab Emirates, and the United Kingdom as the top five Islamic Fintech conducive ecosystems in the world. The index applied a total of 19 indicators across five different categories for each country, namely Talent, Regulation, Infrastructure, Islamic Fintech Market & Ecosystem, and Capital. In addition to the top five strongest ecosystems, the hub analysis suggests that Bahrain, Pakistan, Qatar and Türkiye are rapidly growing ecosystems. The Global Islamic Fintech 2023/2024 report also identifies the hurdles and opportunities in the sector, through a survey of Islamic Fintech practitioners and industry service providers. The major hurdles identified include; Access to Capital, Consumer Education, Regulation, Finding Top Talent and the complexity of Geographic Expansion. Full Report attached .