Ivory Stephen Pedy supports financial inclusion with Panelys Cash

Already at the head of several brands, the entrepreneur always takes on more projects. With its digital financial solution, in particular, it sees a business opportunity in the microcredit sector.

Stephen Bede (photo) is the founder and CEO of SEAD Group SA. Ivorian established the company providing money transfer services, agro-industry, trade, telecommunications and financial engineering in 2016. In 2018 it distinguished itself in the IT sector.Information and Communication with Panelys Cash.

The solution allows transfer of funds by simple SMS. A Visa payment card that is reloadable by Mobile Money has also been issued and can be used everywhere. In a 2020 interview with Businessmen’s Corneran entrepreneur with a degree in Organizational Management from Remois Institute of Management and a Master’s degree in Management and Marketing from HEC Abidjan, justifies the creation of Panelys Cash with the need to respond to the need.

According to him, the lack of interest of the majority of the population of Côte d’Ivoire in banking is due to the fact that, unlike Mobile Money, they do not meet their expectations. Then he decided to unify the two systems.

With Panelys Cash, the consumer can not only perform inter-operator transactions, but also recharge his Visa bank card via his Mobile Money account, while maintaining the flexibility of the latter.”. Panelys Cash is designed for employees who do not deal with banks and actors in the informal sector.

A prolific businessman, Stephen Bede is today at the helm of several brands that are talked about in Côte d’Ivoire, notably Mayou spices. He started his entrepreneurial adventure in 2012, founding the advertising and communication agency Afrikadeal Agency. An investment made while he was still making his mark. During this research, he will work for Agronomix SA, an agricultural engineering firm in Côte d’Ivoire, from 2014 to 2016. He will hold the positions of Director of Commodities and Opportunities and then Director of Sales and Marketing respectively.

Today, he is President of Côte d’Ivoire Innovation 20 (Ci20), a college of 15 companies launched in 2021, whose ambitions are to accelerate the development of the local entrepreneurship ecosystem and boost the emergence of Côte d’Ivoire’s champions.

Melchior Cuba

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