Microsoft And Ovamba Partner To Innovate Natural Language Solutions For African Short & Medium Enterprises (SMEs)

PRESS RELEASE 

AUGUST 2017,LONDON, UK –Ovamba Solutions, Inc. and Microsoft have partnered to develop and produce the first African language driven “chat-bot” designed to serve the millions of African SMEs who face exclusion from Financial Services due to the challenges of functional and business literacy. The Chat-Bot was conceived, designed and created by Ovamba and Microsoft and will be rolled out via Ovamba’s mobile app, ‘Ovamba Plus’.

Ovamba’s President & Co-founder, Viola Llewellyn, and Chief Technology Officer, Prashant Mahajan expressed their innovative ambitions to Josh Holmes, Director of‘Microsoft Partner Catalyst’ Division at Microsoft’s Seattle, Washington campus.   In delving into the challenges of FinTech solutions on the African continent, Viola Llewellyn explained to Microsoft, “Current banking processes andsome FinTech solutions are supposed to help the financially disenfranchised.  Bank solutions, application forms and contracts assume that all SMES are fully literate, and actually end up further alienatingthose who may not be able toread or speak French, English, Arabic or any other colonial language.  If we don’t address this then we are missing the true promise of FinTech and the opportunity to include the informal sector in GDP count”.

In response to the opportunity to serve the African Continent, Microsoft put a team together headed up by Shawn Cicoria, Lilian Kasem and Claudius Mbemba to help Ovamba create the chat-bot.  Prashant Mahajan led Ovamba’s tech team on the project and commented on the potential to help the millions who need support to grow.  He commented, “Ovamba has been supporting SMEs with “Growth-As-A-Service®” for the last year and realizes that business training and formal education is a luxury not afforded to some members of Africa’s entrepreneurial sector, and is often taught in western languages.  We can help them to sustain growth by delivering business support and training in the language that they are most used to”.

Claudius Mbemba shared the Partner Catalyst Team’s enthusiasm for the project on the Microsoft Developer Blog stating, “We plan to continue our work with Ovamba, especially building an African dialect language recognition system to enable application localization and cater to the specific dialects of their customers”. The team also added, “We look forward to tackling these challenges and more in our future work with Ovamba”.

About Ovamba

Ovamba (www.Ovamba.com) is a US-founded FinTech innovator that develops online platforms and mobile applications to serve Small & Medium Enterprises (SMEs) in emerging markets with short term funding for growth.  Ovamba raises capital from global investors to fund the SMEs and uses its tech to solve business and functional literacy challenges to promote financial inclusion. Ovamba’s application, ‘Ovamba Plus’ is available for Android phones as a download.  Ovamba was co-founded by Marvin Cole and Viola Llewellyn in April 2013.  Ovamba has offices in the USA, Cameroon, India, Mauritius, and Johannesburg.  Expansions are planned for Ghana, Senegal, Sudan and other regions in 2018.

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.  The Partner Catalyst Team was created by Microsoft to help exciting tech startups with problem solving tools and solutions to their business and product development challenges.

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