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E-Doley

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e-Doley Finance is an African company created in 2011 by Ernest Tewelyo. Specialized in financial services including foreign exchange, money transfer, electronic money. In 2013, the company launches e-Doley Cash, which designs turnkey financial inclusion solutions for mobile banking[1].[2]

History[edit | edit source]

e-Doley is an original name, a protected trademark, between local dialect and international financial language, which translates the notion of money. e-Doley Finance, the "e" of e-commerce, to symbolize the move towards new payment technologies; "Doley" as a reminder of money in the O'myènè language of Gabon or, in other African languages such as Wolof... the word sounds English, recalling that the world of "Finance" is under English Saxon[1].

It is recognized as the first fintech in the digital banking sector in Gabon. The story of e-Doley begins with the winning return to Africa of its founder who launched on June 21, 2011 in Libreville Gabon his company in the exchange and transfer of money before investing fully in the digital.

October 21, 2013 after having patented her solutions, she launches e-Doley Cash[3].

Activity[edit | edit source]

Since its creation in 2011, the start-up e-Doley Finance has started by focusing on foreign exchange and money transfer activities. Three years later, it posted a turnover of 2 billion F.CFA (4 millions dollars) for a turnover of 12 billion F.CFA , and has two agencies in Libreville where it employs dozens of employees[4].

Oxford Business Group reports that in 2015 the SME to launch a financial services platform, e-Doley Cash[5].

A subsidiary that allowed him to diversify into the activities of mobile banking (withdrawal and transfer of money by phone, payment of bills by smartphone ...).

To carry out her new project, she has surrounded herself with renowned partners including her French technical partner, Wonderbank, specialized in the design of contactless payment solutions..

In order to provide major support to the most representative actors of the entrepreneurial ecosystem, e-Doley has introduced the BMCE Bank in search of new partners in Gabon as part of the tours that African teams are conducting. Entrepreneurship Award that rewards projects whose social and sustainable impact is easily measurable in the areas of education, the environment [6]

Notes et références[edit | edit source]

  1. 1.0 1.1 https://fr.wikipedia.org/wiki/E-Doley
  2. "Ernest Tewelyo", Wikipédia (in français), 2018-07-11, retrieved 2018-07-19
  3. https://bluebiz.com/en/BizClubs/Club-Africa-News/e-doley-cash-takes-digital-money-
  4. "Gabon : e-Doley préfère le porte-monnaie… sur mobile – JeuneAfrique.com". JeuneAfrique.com (in français). Retrieved 2018-05-21.
  5. https://oxfordbusinessgroup.com/analysis/go-new-cash-transfer-options-are-expected-boost-penetration
  6. https://www.financialafrik.com/2017/03/13/bmce-bank-en-quete-de-nouveaux-partenaires-au-gabon/


Others articles of the Topic Finance : John A. Kilpatrick, Paisalo Digital Limited

Others articles of the Topic companies : Plivo, Sunteck Realty
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