M4JAM and Shoprite announce exciting new partnership
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The M4JAM (Money for Jam) Startup has announced a new partnership with the South African nationwide retailer, Shoprite Checkers. This partnership will allow ‘jobbers’ to get hold of extra cash on-demand, in real time; the new cash out system goes live today.
Once the new partnership comes online, ‘jobbers’ will no longer have to wait for 48 hours between requesting a code and receiving a text message; this gives the company a massive advantage over any competitors and gives its users a real value boost.
M4JAM Chief Jammer, Andre Hugo, said: “Shoprite Checkers has a significant footprint across the country, giving our growing jobber community more opportunity to cash out at their convenience. Adding an additional 990 retail stores will make a huge difference.”
This partnership will be mutually beneficial for both ‘jobbers’ and Shoprite Checkers. Banking and Payment Systems Manager at Shoprite, Tremaine Hechter, said: “Partnering is a great way for us to move cash out of our system. It’s even better that we can be part of the collaborative economy through our association, and play a role in helping hard-working South Africans make ends meet.”
To ensure that jobbers are aware that they can cash out at Shoprite Checkers stores and so that users become familiar with the system, M4JAM will be providing 3000 jobs that specifically require the new system.
Hugo also said: “. We are constantly looking for ways to change the world and the combination of easy access, real-time cash outs for jobbers, and solving a national retailer’s challenge of moving cash is an ideal way to demonstrate value and grow the South African economy.”
The implementation of this system could represent a step towards major changes to how people think and act when considering their finances; it will certainly be interesting to see the full extent of this project.
Nybl: Saudi Startup to Expand AI Solutions
According to co-founder Nour Alnahhas, nybl was formed for the greater good. A visual data mining and machine learning platform, the platform will help organisations streamline their operations. ‘We wanted to centralise our vision around AI and machine learning’, said Alnahhas. ‘Something not just for profit, but added value. Conscious capitalism’.
Nybl aims to democratise artificial intelligence by making it possible for anyone to build an AI solution. What website builders like Wix and Squarespace did for site design, nybl will do for AI—allowing even non-coders to feel comfortable creating solutions. In fact, Alnahhas calls it a ‘Shopify of AI’, or a third-party platform that helps businesses deliver better service.
With hubs in Kuwait, the UAE, North America, and India, nybl is focused on launching operations in Saudi Arabia, Alnahhas’s home country. When the company first launched, it was difficult to convince Saudi Arabian businesses to work with a startup. Yet now, nybl has proven itself. ‘We had support in the UAE, so now we’re coming back’, said Alnahhas.
Alnahhas has launched a pilot with Saudi Aramco and has slowly built partnerships with paper, heating, HVAC air conditioning, and manufacturing companies. In addition, the Saudi government has started to invest in the Kingdom’s National Strategy for Data and AI, which means that nbyl, as a tech startup, has finally gained credibility.
No War for Talent
One of the most critical parts of nybl’s expansion will be hiring the right individuals. Thankfully, there’s a current surplus of talented researchers, developers, and data scientists within the Kingdom. Like nybl’s Alnahhas—educated at the University of Houston, the Wharton School of Business, and INSEAD— many Saudi Arabians have benefited from government-sponsored education abroad.
Last year, Saudi Arabia signed several partnerships with tech firms to advance the Kingdom’s skills in artificial intelligence. ‘It’s exciting to be in Saudi Arabia where there’s alignment and support’, Alnahhas concluded. ‘You’re getting an increasing talent pool. And even old and big family conglomerates are finally changing to use AI’.