Logistics and fintech combine to solve Africa’s transport challenges

Logistics and fintech combine to solve Africa’s transport challenges

Key to unlocking value chains, especially in the tech start-up space is the ability of large established corporates to work effectively with small agile start-ups.
Big corporations partnering with start-ups is an untested and undeveloped space. Few models have been developed to date and examples of successful collaboration are few and far between. “As such, the success of Standard Bank’s recent direct minority equity investment into Tripplo, a tech-enabled logistics solution highlights the power of both Standard Bank’s future-ready strategy, as well as its ecosystems, approach in building and managing successful partnerships with start-ups,” says Sacheen Kala, Head of the Founders Factory Partnership at Standard Bank’s Moonshots business innovation division.

This start-up partnership ability arose when Standard Bank entered a relationship with tech business accelerator Founders Factory Africa (FFA), a venture development company that designs, builds and scales tech-enabled businesses across Africa.

Recognising the challenges of intra-African logistics and trade, Victor Chaitezvi started Tripplo in 2018, armed with a vision to reimagine the movement of African cargo. “Building a digital platform enabling real-time road freight cargo booking integration and management across the SADC, Chaitezvi effectively transformed the regions’ long-established manually operated cargo logistics industry – in just three months,” says Darren Segal, Head of Moonshots. As it turned out, the Tripplo platform also proved a just-in-time tech lifeline for the domestic logistics sector locked down by the COVID-19 pandemic.

“Standard Bank’s Tripplo partnership is an excellent example of how a large platform organisation can deploy technology to leverage its own value chains to unlock growth while working successfully with comparatively small independent start-ups.” says Kala.

Standard Bank’s experience with Founders Factory Africa (FFA) generally, and Tripplo in particular, has informed an effective two-stage corporate start-up cooperation model. In the first stage, the FFA tech incubator partnership enabled access through the identification and development of concepts, including how the bank could deploy its networks and abilities to solve for the start-up. The second or venture-led stage integrated the bank’s ability and networks to co-build the business with the start-up partner.

“The model allows Standard Bank to support entrepreneurship and grow new businesses in line with its purpose to drive Africa’s growth while gaining insight into the growth cycle of tech start-ups and highlighting opportunities to deploy the bank’s own networks to unlock and participate in this growth,” explains Kala. “Since the partnership also involves direct investment, the bank receives an additional return on investment commensurate with the success of the venture supported,” he adds.

Today, Tripplo operates a digital logistics platform that facilitates the safe and efficient movement of road freight cargo across the SADC, providing compliant transporters access to credible cargo owners and cargo brokers. The platform also enables clients to manage all transporter company documents and provides detailed kilometer-by-kilometer trip itineraries for trucks moving goods on any SADC route, while housing detailed information of trucks, trailers and drivers all in one place, ensuring license, permit and fee compliance.Standard Bank’s involvement has also allowed it to extend many of the benefits of its own ecosystem, such as Truck Fuel Net and Instant Money, to the Tripplo platform. The bank also provides Tripplo with foreign exchange rates, credit and goods in transit insurance services.“By optimising and automating operations for small transporters across both its own and Standard Bank’s platforms, Tripplo increases profitability for cargo owners, cargo brokers and transporters alike, while extending Standard Bank’s own digital capability to a previously largely manually managed industry,” concludes Kala.

 

By Sacheen Kala -logisticsnews.co.za

Ý kiến bạn đọc
Chủ đề liên quan
Có thể bạn sẽ quan tâm

Ba Ria - Vung Tau: Industrial development associated with seaport advantages

Thanks to the advantage of Cai Mep - Thi Vai deep-water port cluster, over the years, the industry of Ba Ria - Vung Tau province has made great progress, becoming one of the 4 stable economic pillars of the province. With the promotion of the implementation of key transport routes linking the region, in the coming time, the province's industry is expected to give more sweet fruits.

Ministry of Industry and Trade organizes Vietnam Logistics Forum 2022

Vietnam Logistics Forum is an annual event organized by the Ministry of Industry and Trade in collaboration with relevant agencies since 2013. This is an important event of Vietnam's logistics industry with the goal of promoting the development of logistics services, creating a cohesive link between logistics and manufacturing and import and export industries, and also a place for dialogue and updating information on important issues, the urgency of logistics services in Vietnam and the world.

Development of logistics competitive index aims to develop logistics industry

The launch of the Vietnam Provincial Logistics Competitiveness Index (LCI) is expected to help reduce logistics costs, support production and export development, and attract foreign investment more effectively in the future

Local logistics industry aims for green development

Việt Nam needs solutions to develop green logistics to take advantage of free trade agreements (FTAs), especially new generation FTAs to help the industry develop, support market expansion and promote exports.

Warehouses in high demand towards year end

Retailers have begun to fill their warehouses ahead of end of year peak sales.

North American logistics business in slow growth

The boom period for North American logistics companies is predicted to come to an end as economic activity cools down, slowing growth in 2023.

CNL Handled a MAIN TANK about 64 tons to Taiwan.

In November 2022, CNL's Hanoi branch handled a consignment including a MAIN TANK without oil weighing approximately 64 tons. Because this cargo is extremely huge, it is challenging to transport and load the vessel. Besides that, it had shipped 2 containers of OIL LIBRA. The shipment was delivered from a shipper in Hanoi, Vietnam to be consigned to Taiwan on CIF terms. The commodities were loaded on board the vessel from Hai Phong, Vietnam to Kaohsiung seaport, Taiwan.

CNL Handled a POWER TRANSFORMER 20/30MVA and OIL-SHELL TR OIL DIALA S4 ZX-I to Brunei.

In July 2022, CNL's Hanoi branch handled a consignment including a POWER TRANSFORMER 20/30MVA weighing approximately 45 tons, as well as its accompanying equipment, and 31 pallet barrels of OIL-SHELL TR OIL DIALA S4 ZX-I.

Low imports cause Gasoline shortage

The current partial shortage of gasoline and oil has been caused by wholesalers not importing sufficient amounts, says said Deputy Minister of Industry and Trade Do Thang Hai.

Hanoi establishes Logistics Association

On 12/11, Hanoi Logistics Association held the first Congress for the term 2022-2025.