Crayon Data and Redington MEA partner to boost Africa fintech

Crayon Data and Redington MEA partner to boost Africa fintech

UAE - Crayon Data, a leading artificial intelligence and big data company headquartered in Singapore with a presence in India and UAE, has announced its partnership with Redington Middle East and Africa (MEA) in Africa.

Together, Crayon Data and Redington MEA will strengthen Africa’s digital backbone with AI-driven solutions. The partnership aims to create a highly differentiated offering for fintech and consumer banking players to accelerate financial inclusion.

Suresh Shankar, CEO & Founder of Crayon Data, said: “Africa is a massive untapped opportunity, especially in banking and fintech. The rise of digital wallets in Africa - 562 million customers, 28 billion transactions, $452 billion in value annually, marks a progressive step towards financial inclusion. Our partnership with Redington will create a massive opportunity to benefit African consumers, through innovative ideas like device financing, digital wallets, micro-finance, micro-insurance, etc.

Together, Crayon Data and Redington MEA will offer an innovative business model and an end-to-end platform for any enterprise wanting to launch a digital wallet or Neo bank. The platform combines Redington’s hardware, software, and mobility expertise and presence in 18 markets, with Crayon Data’s innovative maya.ai fintech software.”

Crayon Data’s flagship platform, maya.ai, aims to cut through the data clutter that enterprises are inundated with.