Orange Collecte puts mobile twist on crowdfunding

The service, launched in the Ivory Coast, is designed to enable private individuals and charities to finance their projects

Orange Collecte, launched last week in the Ivory Coast, is putting a mobile spin on the crowdfunding concept.

The service, developed in partnership with  French charity-giving site HelloAsso, is tied to Orange's existing mobile money offering, Orange Money. It is designed to enable private individuals and charities finance their personal and charitable projects.

Generally, Africans welcome financial support from friends and relatives toward achieving a personal goal or project. It is mandatory in some traditions to render such support. However, Africans have not benefited from crowdfunding platforms up to now due to various reasons including trust issues, risks involved, improper understanding of  technology and the lack of a credible anchoring institution.

Orange Money was used to transfer more than €4.5 million (US$5. million) last year. The new service is open to all Orange Money customers in Ivory Coast and contributors need its electronic wallet to be able to make their donations. At the end of each campaign collection, the amount raised is directly transferred to the user's Orange Money account.

Orange Money can be use to carry out electronic money transfers to another account holder in the same country – and internationally in some areas -- to pay certain bills and buy call credit; and for savings and insurance solutions in selected countries. Orange Money is available in Mali, Senegal, Côte d’Ivoire, Niger, Botswana, Kenya, Madagascar, Cameroon, Jordan, Morocco, Guinea, Mauritius and Uganda.

Eighty percent of Africans have a mobile phones, but less than 25 percent have accounts with physical banks.

Mobile is a competitive arena in Africa, so Orange Collecte may spur other telecom players like Airtel and MTN to launch their own crowdfunding services.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Olusegun Abolaji Ogundeji

IDG News Service
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?