Looking to grow African SMEs, Ovamba Solutions, Inc. and Cyber Alliance have announced a new partnership. With the combined leadership teams’ expertise in digital trade innovations and cybersecurity regulations and solutions spanning across Africa, the Middle East, Asia, India, and Europe, the partnership aims to generate more profit and create more capital for African businesses by combining alternative finance, alternative trade, data security and privacy.
“The partnership with Ovamba was a perfect opportunity to work with a preeminent player in Africa’s financial ecosystem. Our partnership provides the opportunity for small and medium sized businesses to gain access to capital and protect resulting profits through securing their cyber space,” says Kendrall Felder, Cyber Alliance CEO and Co-Founder.
As innovators and experts in their respective domains, the partnership combines FinTech and cybersecurity solutions to resolve some of Africa’s biggest problems in the sectors of banking, alternative data, cybersecurity and financial inclusion. “We have developed a successful alternative trade and finance business. We see small business success as fundamental to a healthy economy”, says Viola Llewellyn, Co-Founder of Ovamba. She further added, “partnering with Cyber Alliance is a natural fit to our digital innovations and market expertise. How data is collected, stored, protected, analysed, and moved will play a pivotal role in Africa’s success building businesses for local and global economies. This will change the game for Africa’s trade and light manufacturing industries.”
The Cyber Alliance Data Privacy by Design programs that will be deployed in partnership with Ovamba were developed to support continental African and international trade by ensuring data security and protection is integrated throughout all phases of business innovation.
“We are always looking for unique collaborations to accelerate digitalisation in tech and non-tech industries. Through this partnership we are excited to help small businesses in Africa increase trade across the continent of Africa and the world by creating continental and global Cyber Trust”, says Larry Yon, Cyber Alliance President and Co-Founder.
The 4th Industrial Revolution will see Africa’s youth population become the world’s largest population group. Data will be considered perhaps even more valuable than oil for global economies. Cyber Alliance’s approach to protecting Africa’s data respects the African context whilst applying global tech perspectives and expertise to business verticals. Integrating Cyber Alliance’s approach, with Ovamba’s tried and tested method of providing transactional capital to small businesses, is creating excitement amongst African banks and global lenders who are searching for data to drive financial inclusion and extend even more asset-backed, traditional and alternative lending.
“This joint venture with Cyber Alliance strengthens Ovamba’s ability to ensure that small businesses in Africa receive capital for their operations and generate more profit from being able to buy and sell more inventory”, says Llewellyn.