Eversend Archives – CEO East Africa

Building Wealth; Five Ugandan Entrepreneurs Democratizing Access to Investments.

Jonathan N. LubwamaBanking & Financial Services Business & Markets Entrepreneurship Global News Technology & Innovation The Big StoryJanuary 31, 2025January 31, 2025

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Uganda Received USD 1.3bn in Remittances from its Diaspora in 2022 According to the World Bank.

Jonathan N. LubwamaBanking & Financial Services Business & Markets East Africa Entrepreneurship Global News News & AnalysisSeptember 28, 2023September 28, 2023

In 2022, Uganda received USD 1.3bn in remittances from its diaspora community according to a World Bank and KNOMAD report. This would account for about 4.5% of Uganda’s GDP and make Uganda the 8th biggest recipient of remittances below Sudan and DRC, but ahead of Mali and South Africa. In general, remittances to sub-Saharan Africa increased by 6.1% to USD 53bn in 2022 driven by several African countries dealing with food insecurity, supply chain disruptions, severe drought (Horn of Africa), floods (in Nigeria, Chad, Niger, Burkina Faso, Mali, and Cameroon), and high youth unemployment/underemployment rates (Uganda) that force people to…

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How Stone Atwine Grew Eversend to 500,000 Users with Just USD1.2M in Funding

Jonathan N. LubwamaEntrepreneurship Executive Profiles News & Analysis Technology & Innovation The Big StoryJuly 31, 2023August 1, 2023

A startup, in its broadest sense, is a young, ambitious company that is in the initial stages of its business operations. These companies are typically driven by a unique business idea or a novel product or service, which they believe has the potential to disrupt the market. Startups are characterised by their innovative approach, high growth potential, and scalable business model that can rapidly expand to meet the increasing market demand. One of the most critical aspects of a startup’s journey is raising capital. This is primarily because startups, in their early stages, often operate at a loss due to…

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How Stone Atwine and his Eversend digital bank, plan to replace traditionally conservative and largely inefficient brick and mortar banks

Muhereza KyamuteteraBanking & Financial Services Technology & Innovation The Big StoryMarch 10, 2020March 11, 2020

Who is Stone Atwine? A guy who asks “why?” Haha, my friends have described me like this many times. I’ve been around for some time. I’ve worked in financial technology for 9 years in Africa. Some people may know Yetu Credit Finance – a microfinance company in Bugolobi and useremit.com – a p2p remittance platform. I am a co-founder of those 2 businesses. I am a Ugandan entrepreneur living in Paris and Kampala. Tell us about Eversend – what is it about? For Africans and Africans in the diaspora that experience inconvenient and expensive financial services and hidden fees, Eversend…

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