Sayna

Sector of activity: Education & Training
Status: Financement d'amorçage
Entrepreneur: Matina Razafimahefa
Country: Madagascar
A propos:

 

Created in 2018 by a talented young Malagasy entrepreneur, Sayna is a startup specialized in digital training and outsourcing of IT projects, carried out by African developers via a micro-tasking platform.

Sayna intends to address a twofold problem: the lack of training in the digital sector in Africa, and the gap between the supply of digital talent and the growing demand of companies in the context of their digital transformation.

Sayna offers digital skills training and provides solutions that allow the students to enter the job market. To date, Sayna has trained nearly 200 students.

 

Today, Sayna aims to develop a tech startup model based on two pillars:

⇒ A paying online training platform for learners that allows them to follow, evaluate and validate their learning, but also to have access to company IT projects corresponding to the learning they have validated during their training.

⇒ A "microtasking" platform that allows companies to outsource their IT projects more efficiently, which are divided into distributed micro-tasks and assigned to freelance developers registered on the platform.

 

THE ENTREPRENEUR

The promoter of the project, Matina Razafimahefa, is a young Malagasy entrepreneur of 23 years old, winner of several awards. At 20 years old, she decided to stop her studies to devote herself fully to the deployment of the project and has surrounded herself with advisors and experienced business angels.

 

PARTNERSHIP WITH I&P ACCELERATION TECHNOLOGIES AND MIARAKAP

Sayna is financed and supported by I&P Acceleration Technologies, a €2.5 million program aimed at financing and supporting fifteen digital start-ups in Sub-Saharan Africa, supported by the French Development Agency (AFD) through the Digital Africa initiative.

As such, Sayna benefits from a €100,000 repayable advance from the I&P Acceleration Technologies program to :

⇒— Finalize and launch the micro tasking platform

—⇒ Roll out the training programs in partnership with a leading player in Bootcamp training, Holberton (Silicon Valley)

⇒ Train 200 students by the end of 2021

 

NEXT STEPS AND EXPECTED IMPACTS

Sayna's ambition is to :

—• Enable 8,000 people in Africa to enter the digital industry through its training and have more than 3,500 people working on its micro task platform.

•— Meet the IT needs of 300 SMEs and start-ups in the French-speaking world.

—• Complete a Series A fundraising of approximately €3 million in 2022 to accelerate growth and finance a pan-African expansion in West Africa.

 

In portfolio since: 2021
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Chargé(e) de mission Impact et Assistance Technique Junior

 

Stage de 3 mois à partir du 15 mars 2021

 

Investisseurs & Partenaires (I&P) est un groupe d’impact investment s’adressant exclusivement aux PMEs africaines. Depuis 2002, I&P a financé et accompagné plus de 120 entrepreneurs dans une quinzaine de pays d’Afrique subsaharienne.

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Chargé(e) d'investissement junior | Madagascar

Investisseurs & Partenaires (I&P) est un groupe d’impact investment s’adressant exclusivement aux PME africaines. Depuis 2002, I&P a financé et accompagné plus de 100 entrepreneurs dans 15 pays d’Afrique subsaharienne : Sénégal, Mauritanie, Mali, Bénin, Niger, Burkina Faso, Côte d’Ivoire, Cameroun, Madagascar, etc. (voir notre site : www.ietp.com).

Undefined

Jiro-Ve

Sector of activity: Energy
Status: Investissement en capital
Entrepreneur: Rik Stamhuis
Country: Madagascar
A propos:

 

Jiro-Ve is a pioneering company in rural electrification in Madagascar, launched in 2014.

Jiro-Ve has come up with an innovative, inclusive micro franchise model to provide affordable and healthy lighting for marginalized communities. Its business model allows the company to rent out a rechargeable LED light for a price that is cheaper than candles or kerosene. For 250 Ariary per day (≈ 0,06 €) people get a fully charged light delivered to their doorstep, both incities and remote rural areas of Madagascar.

Jiro-Ve hires local entrepreneurs and uses existing networks, supporting and developing entrepreneurship.

 

THE ENTREPRENEUR

Jiro Ve is managed by Rik Stamhuis, an entrepreneur of Dutch origin located in Madagascar since 2012.  He holds 48% of the company's capital.

Rik is a driven and energetic leader with years of experience working for social enterprises. Before founding Jiro-Ve, Rik worked in Kenya trying to find innovative ways of distributing renewable energy.

 

 

PARTNERSHIP WITH I&P

Thanks to funding from the program I&P Acceleration Technologies, Jiro-Ve plans to expand its activity, initially in Madagascar by distributing the new kits in larger quantities and targeting more regions.

The company aims to extend its offer to other regions of Africa later on.

 

EXPECTED IMPACTS

⇒ Jiro-Ve aims to eliminate poverty by helping local entrepreneurs to have a better income.

⇒ Jiro-Ve's model allows the most disadvantaged consumers to access a source of energy that is less polluting, less dangerous and less expensive than petroleum lamps.

⇒ According to the studies carried out by the company, each lamp used would avoid the emission of 0.37 tons of CO2 per year.

⇒ This energy source also has a positive impact on the health and well-being of users, by reducing the toxic fumes emitted by the candles and kerosene lamps that most target customers currently use.

 


About I&P Acceleration Technologies

Launched in 2019 with the support of the French Development Agency through its iniative Digital Africa, I&P Acceleration Technologies is a €2.5 million program that aims to finance and support some fifteen digital startups in Sub-Saharan Africa, with a focus on Western Africa, Central Africa and Madagascar. Click here to read more →

 

About Miarakap

Miarakap is the first impact fund dedicated to the financing and support SMEs and start-ups in Madagascar. Managed by Emmanuel Cotsoyannis, Miarakap is the fourth African fund sponsored by Investisseurs & Partenaires as part of its program I&P Development 2. The network currently includes impact funds specialized in SME-financing in Niger (Sinergi Niger), Burkina Faso (Sinergi Burkina), in Senegal (Teranga Capital) and Côte d'Ivoire (Comoé Capital). Click here to visit Miarakap's website →

 

In portfolio since: 2020
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⇒ Site internet de l'entreprise

⇒ Page Facebook

 

Crédits photos © Heidi Yanulis Photography

Smart Predict

Sector of activity: Digital, Tech
Status: Investissement en capital
Entrepreneur: Ranto ANDRIAMBOLOLONA
Country: Madagascar
A propos:

 

SmartPredict is a SaaS platform using artificial intelligence for predictive analytics that helps companies in the deployment of their projects. There are multiple uses in all sectors: consumer forecasts (industry), product recommendations (marketing), default predictions (banking and insurance), etc. With their latest tool, RetailForecastor, the company enables retail companies to predict their sales and optimize their activities by avoiding over- or underproduction.

SmartPredict has been developed since 2018 by Malagasy developers and data scientists and has required one million lines of code to date.

 

 

THE ENTREPRENEUR

SmartPredict is led by Ranto ANDRIAMBOLOLONA, a Malagasy entrepreneur in his 40s with a passion for artificial intelligence since his studies.

Graduated from ISPM (Institut Supérieur Polytechnique de Madagascar) and the University of Marne La Vallée, he has more than 10 years of experience in the ICT sector in Paris (Axway, PriceMinister, etc.). He came back to Madagascar to launch HaiRun and SmartPredict, driven by the conviction that Malagasy developers and datascientists have the skills to match those of European companies.

He quickly demonstrated his ability to lead young, ambitious and growing companies. His first company HaiRun grew from 6 to 100 employees in the space of two years and raised €250,000 through its partnership with the impact investing fund Miarakap.

 

Partnership with I&P and Miarakap

Miarakap has committed itself alongside the promoter in the structuring of the young company, the launch of SmartPredict and the future fundraising efforts it aims to achieve.

Thanks to the partnership between the French Development Agency (AFD), Investisseurs et Partenaires (I&P), and Miarakap within the framework of the program I&P Accélération Technologies, SmartPredict benefits from a funding notably dedicated to Research & Development, as well as commercialization.

 

Expected Impacts

⇒ Promoting a Malagasy company that performs in the technological and innovative sector of artificial intelligence

⇒ Creation of qualified and well-paid jobs for Malagasy developers and "data scientists", whose retention in Madagascar is a challenge.

 

 


About I&P Acceleration Technologies

Launched in 2019 with the support of the French Development Agency through its iniative Digital Africa, I&P Acceleration Technologies is a €2.5 million program that aims to finance and support some fifteen digital startups in Sub-Saharan Africa, with a focus on Western Africa, Central Africa and Madagascar. Cick here to read more →

 

About Miarakap

Miarakap is the first impact fund dedicated to the financing and support SMEs and start-ups in Madagascar. Managed by Emmanuel Cotsoyannis, Miarakap is the fourth African fund sponsored by Investisseurs & Partenaires as part of its program I&P Development 2. The network currently includes impact funds specialized in SME-financing in Niger (Sinergi Niger), Burkina Faso (Sinergi Burkina), in Senegal (Teranga Capital) and Côte d'Ivoire (Comoé Capital). Click here to visit Miarakap's website →

 

In portfolio since: 2020
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Soafiary

Sector of activity: Agro-food
Status: Investissement en capital
Associed fund: I&P Expansion, IPAE 2
Entrepreneur: Malala Rabenoro
Employees: 200
Country: Madagascar
A propos:

 

Founded in 2006 by the Malagasy promoter Malala Rabenoro, SOAFIARY is specialized in the sourcing, processing and commercialization of cereals (maize, rice) and leguminous plants (beans, cape peas, lentils, soybeans) on local and international markets. The company employs nearly 200 people, including 88% women.

 

Backed by a good reputation in this sector, the company begins to diversify its activities in 2017. SOAFIARY has set up a feed mill unit and has also launched the SOADIO project, a contract farming project run in collaboration with the diocese of the Vakinankaratra region, located in the highlands of Madagascar. The company trains the farmers and provides them with the agricultural equipment and inputs needed to operate the 4,100 hectares of land owned by the Diocese, and then buys the entire production. This project is a response to the challenges of traceability and product quality.

 

THE ENTREPRENEUR

The company was founded by Malala Rabenoro. With a background in marketing, Malala previously worked for an Microfinance Institution (MFI) where she gained more than 15 years of experience in administrative and personnel management. She left her position in 2011 to dedicate herself fully to SOAFIARY, where she manages the marketing, procurement and investor relations aspects of the business.

 

 

PARTNERSHIP WITH I&P

Soafiary is supported by the fund I&P Afrique Entrepreneurs 2 (IPAE 2). The partnership aims to:

⇒ Reviving the company's historical activity

⇒ Improving the quality management system

⇒ Supporting the company in the certification and standardization process (HACCP and Bio)

⇒ Developing the feed mill unit

⇒ Developing the SOADIO project

⇒ Strengthening corporate governance, Participating in management capacity building

⇒ Advising and supporting the company in its relations with investors and strategic third parties

 

EXPECTED IMPACTS

⇒ Promoting a committed female promoter

⇒ Creating jobs for a disadvantaged population with low education levels

⇒ Providing support to employees on literacy and hygiene-related issues

⇒ Supporting farmers through the SOADIO project

  • Inclusion of small producers in the value chain
  • Improving the living conditions of small producers

 

 

In portfolio since: 2020
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HaiRun Technology

Sector of activity: Digital, Tech
Status: Investissement en capital
Associed fund: Miarakap
Entrepreneur: Ranto ANDRIAMBOLOLONA
Country: Madagascar
A propos:

Created in 2017, HaiRun Technology, is a DSC (Digital Services Company) based in Madagascar, specialized in the conception and development of specific high-level projects, and currently operating on the international market.

The digital company today has a solid foundation with more than 60 employees (Management, Technical, Sales and Marketing) and more than 20 projects carried out for large companies such as Share.Place, Ewattch, Laza-Adina, Super U. In addition, HaiRun has set up an artificial intelligence platform « SmartPredict » which will be accessible to the general public in 2020. Moreover, HaiRun was a winner of the « AI for Good 2018 » Artificial Intelligence Competition organized by France AI and the French Red Cross.

 

THE ENTREPRENEUR

Ranto ANDRIAMBOLOLONA studied in Madagascar. First at the EPP (Public Primary School) of Antsiranana, then at the Zafy Albert High School of Diégo-Suarez before obtaining his BACC in 1997 and starting his engineering cycle in 1998 at the ISPM (Institut Supérieur Polytechnique de Madagascar). After immigrating to France, where he finished his studies, he worked in IT for 15 years (Priceminister, Boursorama, etc.), notably in the ideation and design of innovative products for French software publishers. In 2017, he created HaiRun Technology with only 5 employees at the start.

 

Interview with Ranto ANDRIAMBOLOLONA and Chantal RAZAFIMAHATRATRA

 

PARTNERSHIP WITH MIARAKAP

Miarakap's investment in HaiRun Technology aims to:

• Provide strategic and operational support

•  Support HaiRun in its hyper-growth at the international level

•  Finalize and market the SmartPredict platform

 

EXPECTED IMPACTS 

• Creation of well-paying jobs for qualified Malagasy IT developers, whose retention in the country is an issue

• Increasing the competence of the development teams

• Madagascar's visibility on the global IT development scene

• Strengthening the supply of quality digital services in Madagascar (an opening to the local market is planned)

• Full formalization of the company, both at the tax level and in terms of company management (organization of steering communities, board of directors, implementation of reporting to manage the company

• Integration of ecological considerations (CO2 cost control) into product design

 

In portfolio since: 2019

APEM - PAIQ

Sector of activity: Micro-finance
Status: Investissement en capital
Associed fund: Miarakap
Entrepreneur: Rihatiana Rasonarivo
Employees: 27
Country: Madagascar
A propos:

APEM PAIQ is a microfinance institution for small urban entrepreneurs, mainly located in Antananarivo and the surrounding area. It offers loans, with an average amount of MGA 1.2 million (EUR 300), as well as complementary non-financial services such as health insurance and training.

With Miarakap's funding and support, APEM PAIQ aims to triple its level of activity between 2019 and 2023 by opening a dozen additional offices in Antananarivo and adjacent municipalities.

 

THE ENTREPRENEUR

The Projet d'Appui aux Initiatives de Quartier (PAIQ - Neighbourhood Initiatives Support Project) is a project initiated by the French Cooperation in 1998. The project was carried out in Antananarivo by the Association pour la Promotion de l'Entreprise à Madagascar (APEM - Association for Entreprise Promotion in Madagascar) as a project manager. At the end of the French Cooperation funding, the APEM continued the project by financing it from its own funds and transforming it into a public limited company in 2010.

The institution is now directed by Rihatiana Rasonarivo, a 40-year-old Malagasy woman. The Executive Director of APEM PAIQ is a graduate of INSCAE in Accounting and Control and holds a Master's degree in Management from the University of Antananarivo. She held positions as internal controller and then administrative and financial manager before joining APEM PAIQ in 2011.

 

PARTNERSHIP WITH MIARAKAP

Miarakap has committed to APEM PAIQ to:

• Enable the opening of new neighbourhood offices and their computerization

• Strengthen corporate governance by actively participating in strategic decisions

• Strengthen the capacities of managerial and operational staff through technical assistance missions

 

MAIN IMPACTS

The development plan includes:

• More than 50 formal jobs created or maintained

• Access to financial services for more than 5,000 small urban entrepreneurs in Antananarivo by 2023

• The training of more than 100 entrepreneurs per year

• The development of a social performance policy

 

In portfolio since: 2019

Vatel

Sector of activity: Education & Training
Status: Investissement en capital
Associed fund: Miarakap
Entrepreneur: Falihery RAMAKAVELO & Hanitra RAMAKAVELO
Employees: 41
Country: Madagascar
A propos:

VATEL is a higher education school of Tourism and Hotel Management, a subsidiary of the Vatel group, created in 2014 by Falihery Ramakavelo and his wife Hanitra Ramakavelo. Vatel provides a Bachelor's level training in 3 years, and since 2018 a Master's level training (Bac+5) in 2 years, including a final year of specialization in Ecotourism, which will be launched in October 2019. Today, it counts 67 graduates (from the 2014 and 2015 classes) and 167 students in training. The main site is located in Ambatoroka, Antananarivo, and a new campus will be opened in October 2019 in Morondava to welcome the students of the Master Ecotourism.

With Miarakap funding, the promoters want to make Vatel a leading higher education group in the field of hotel and tourism in Madagascar, through:

- The strengthening and consolidation of the existing structure,

- The opening of a campus in Morondava to welcome students in the Ecotourism Master's degree, students from the local population in vocational training (partnership with UNESCO), and eventually an application ecolodge.

 

THE ENTREPRENEUR

Vatel is run by a couple: Falihery Ramakavelo, a graduate of ENA and the Special Military School of Saint-Cyr (France), he has several years of experience in Malagasy and French civil administration and as a senior manager of several Malagasy companies (BFV-SG, MAERSK, SIPROMAD); and his wife Hanitra Ramakavelo, graduate from the University of Angers (France) in Economic and Social Administration.

 

PARTNERSHIP WITH MIARAKAP

Miarakap's support mainly concerns:

• Funding for the renovation of the site in Morondava to accommodate the Master's degree in ecotourism,

• The financing of a technical assistance mission on project management for the construction works

• Support for the establishment of partnerships with NGOs specialized in Tourism and biodiversity conservation

 

MAIN IMPACTS

• Awareness and education on environmental issues, particularly biodiversity conservation,

• Strengthening the training offer on a priority sector in Madagascar

• Access to quality training for isolated rural populations (Morondava) through partnerships with international organizations such as UNESCO

• Environmental footprint management: solar installation on site

• Establishment of partnerships with professionals in tourism, education, crafts, etc.

• Establishment of socio-educational partnerships with funders

 

 

 

In portfolio since: 2019
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