Morocco’s WaystoCap attends World Economic Forum in Davos
The B2B e-commerce marketplace, WaystoCap, has announce its attendance to the World Economic Forum.
The forum, which is often dubbed Davos after its location, will attract leaders in business and politics between 22 and 25 January.
The company has been titled a “Technology Pioneer” and is the first startup from North Africa to win the award.
The firm focuses on African trade, easing buying and selling operations from importers and exporters.
The marketplace connects regional and international partners, sources competitive prices, offers better payment terms, secures trade through insurance, warehouses and other mechanisms, and supports the entire transaction.
“With the recent funding, the new products and geographical expansion, we intend to accelerate our reach in Africa even more in order to help the entire continent develop,” stated Niama El Bassunie, Founder and CEO of WaystoCap.
“Having been named ‘Technology Pioneer’ by the World Economic Forum has a particular significance as WaystoCap is the first startup from Morocco and North Africa to ever receive the award.”
“Besides, the invitation to attend the World Economic Forum in Davos, Switzerland, and be among world leaders engaged in important issues that impact the global agenda is a huge opportunity for us that we must take to raise the visibility of Africa and its opportunities.”
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.