TechPression

Tag: Standard Chartered

  • Standard Chartered Bank begins women in tech program in SA

    Standard Chartered Bank begins women in tech program in SA

    Standard Chartered Bank has started its Women in Tech (WiT) Incubator Programme in South Africa. Its goal is to help and empower women who want to start businesses in the technology industry.

    With the Women in Tech programme, the bank wants to make the tech business a place where women can thrive, do well, and make a difference. The bank will give R2.7 million ($150,000) to this project to help it succeed.

    Standard Chartered also said it is working with WomHub on this project. WomHub is a global ecosystem builder that promotes women in STEM and equal rights for men and women, from attracting them to giving them control and capital.

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    Women in Tech helps South African STEM women start startups

    The Women in Tech project will give South African women who want to start their own businesses in STEM (science, technology, engineering, and manufacturing) fields a place to work on their innovative tech-based business ideas and speed up their growth. It will also provide a wide range of resources, such as mentorship, training, chances to make connections, access to funding, and a group of people who share the same goals.

    Standard Chartered will use its knowledge of financial services, technology, and innovation to help the incubator’s members learn and grow. Participants will have access to a network of industry experts, successful entrepreneurs, and investors who will share their knowledge and experience to help them turn their ideas into real companies.

    Kweku Bedu-Addo, CEO of Standard Chartered Bank, says, “We’re excited to start the Women in Tech Incubator Programme in South Africa.” “We are sure that giving women more power in technology is important for driving economic growth and new ideas. This plan is meant to give women entrepreneurs the support, resources, and chances they need to grow and make a difference in the tech industry.

    Standard Chartered Bank’s WomHub collaboration


    The goal of the partnership between Standard Chartered Bank and WomHub is to help women with the unique problems they face in areas like entrepreneurship, technology, leadership, and personal growth. Through a full curriculum, mentorship, and networking opportunities, the project aims to create a supportive environment where women can grow and get past obstacles that are holding them back.

    “Our relationship with Standard Chartered Bank’s Women in Tech Incubator Programme is truly amazing. With the money, our group will be able to give its members the tools they need to break out of their limitations and build a better future for themselves, their families, and their communities. Naadiya Moosajee, co-founder of WomHub, says, “This strengthens our commitment to be agents of change and champions of women’s empowerment.”

    The Standard Chartered Women in Tech Incubator Programme is open to South African women entrepreneurs with new business ideas or startups that are built on technology. Applicants will have to go through a tough selection process. Then, a group of successful applicants will be chosen to take part in the intensive 12-week course and receive a total of R90,000 ($50,000) in seed money.

     During this time, the participants will get hands-on training, mentoring, and advice from experts in the field for 12 weeks. They will also be able to meet possible investors and business partners who can help them get funds and grow their businesses.

    South African women-led tech startups can now apply for the Standard Chartered Women in Tech Incubator Programme. Those who are interested can send in their forms through the WomHub website at www.womhub.com. A group of experts from Standard Chartered Bank and the local tech industry will evaluate and choose the applicants as part of the application process.

  • Standard Chartered and Taulia collaborate to improve working capital finance solutions

    Standard Chartered and Taulia collaborate to improve working capital finance solutions

    Standard Chartered, which provides working capital finance solutions, and Taulia have signed a memorandum of understanding (MoU) to work together on a number of working capital finance solutions, with an initial focus on supply chain finance and dynamic discounting.

    As a result of the agreement, both parties will be able to offer solutions for supply chain finance and dynamic discounting. This will be made possible by Taulia’s industry-leading front-end platform and deeply integrated technology. The collaboration will help clients make their supply chains more stable and long-lasting by making it easier and cheaper for their suppliers to get access to working capital. This will be done by using Standard Chartered’s strengths, such as its global presence, especially in emerging markets, its expertise in trade finance, and its close relationships with clients.

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    In addition, as part of the alliance, Standard Chartered and Taulia will collaborate to broaden the availability of their working capital finance solutions to new and existing client networks. This will be very helpful for multinational companies that need help and direction on both a global and a regional scale. This will be strengthened even more by SAP’s recent purchase of Taulia, opening up more opportunities across SAP’s growing ecosystem to give buyers and sellers a different experience.

    What are they saying?

    Commenting on the partnership, Thomas Mehlkopf, Head of Working Capital Management CoE at SAP and member of the Taulia Leadership Team, said, “We are proud to announce the signing of the MoU with Standard Chartered, and this marks another milestone in Taulia’s journey to grow our bank network and work closely with our partners to deliver working capital solutions for all of our clients.” The MoU was signed by Taulia and Standard Chartered so that the two companies could work together in a way that was good for both of them. We think all CFOs should focus on their cash strategy to ensure growth in these uncertain times. Our partnership with Standard Chartered will make sure that cash is available when and where it’s needed, especially in emerging markets.

    Kai Fehr, Global Head of Trade & Working Capital at Standard Chartered, said, “Making sure our clients are managing their working capital well is one of our top priorities to make sure their businesses grow in a sustainable way.” “This is especially important given the complexity and challenges that today’s supply chains face,” Fehr added. “We are excited to work with Taulia to explore new and innovative ways to support our clients’ working capital needs and extend the bank’s leading sustainable trade expertise into their business network.”

    We look forward to collaborating with Taulia in this endeavour. Taulia’s reach is also similar to that of the bank, which gives us more chances to help Western companies with the flow of their supply chains into Asia, Africa, and the Middle East.

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    About Taulia and Standard Chartered

    Taulia is a fintech company that offers dynamic discounting and supply chain financing. Taulia has multiple locations across the United States and the United Kingdom, Germany, Bulgaria, China, Singapore, and Australia, in addition to its headquarters in San Francisco.

    Standard Chartered Plc provides its customers with personal, business, and treasury services for institutions and businesses. Despite being headquartered in the United Kingdom, it does not engage in retail banking there; instead, roughly 90% of its profits come from markets in Asia, Africa, and the Middle East.