Mondato is a consultancy based in Washington DC that specialises in commercial and operational support for the digital finance and commerce industry. The company hosts two innovation summits each year, one on Africa and one in Asia.
The two-day summit attracted more than 100 participants from 18 countries, representing the financial services, telecom, retail and investment sectors, among others. Participants were given the opportunity to pitch their products to a panel of experts, who then crowned the top innovator in the digital finance and commerce category in Africa. OUTvest made the top three, but was pipped to the post by social business money transfer operator, Money Mama.
OUTvest’s Grant Locke says being part of the summit and making into the top three was hugely exciting.
“We’re enormously proud of our hybrid robo-advisor, which opens up the investment market to a whole new sector of the population,” he says. “The fact that it was recognised as one of the most innovative digital financial products to come out of Africa is a massive feather in our cap.”
The hybrid robo-advisor offers a combination of digital and human advice on a single administration platform. This allows OUTvestors to focus on achieving their investment goals, rather than selecting the right investment strategy.
“A big shout-out to Mondato and all the 2018 participants, particularly our fellow finalists Mama Money and Astute,” says Grant.