Company Overview
| Company Name | Ennovalabs |
|---|---|
| CEO | Michael Kwon |
| Established | 2021 February 4th |
| Business Areas | Domestic/Overseas remittance and payments, and more |
| Products | en-Cash top-up, payment, domestic/overseas remittance, utility bill payment, etc. for TIER Users (individuals/businesses) |
Vision
Our mission is to achieve economic inclusion through digital financial innovation, reduce social inequality by providing safe and convenient financial services to all people, and contribute to the development of local economies.
We push the boundaries of the traditional financial system by developing innovative financial solutions, and we create a better future by delivering world-changing technology.
Starting in South Africa and expanding across Africa and Southeast Asia, we provide convenient and accessible financial services to everyone, including the unbanked.
Mission
Our mission is to achieve economic inclusion through digital financial innovation, reduce social inequality by providing safe and convenient financial services to all people, and contribute to the development of local economies.
Vision
We push the boundaries of the traditional financial system by developing innovative financial solutions, and we create a better future by delivering world-changing technology.
Goal
Starting in South Africa and expanding across Africa and Southeast Asia, we provide convenient and accessible financial services to everyone, including the unbanked.
Values
User-Centricity
Understand what our customers need and provide the best service to meet our customers' needs.
User-Friendly
We are focused on making financial services accessible to everyone, including the unbanked.
Social Value
In addition to economic development, we realize social value by providing access to the unbanked.
Expertise & Innovation
We create innovative technologies with specialized skills to improve customer satisfaction and deliver better service.
Collaborative Ecosystem
To help grow the fintech market, we collaborate with various partners to integrate the financial ecosystem.
Transparency & Trust
We will provide transparent and genuine information to our customers and partners, and build relationships based on trust.
CEO Message
ENNOVALABS will grow into a global company that changes the world with innovative technology.
History
2023
07
Selected for the 2023 SME Technology Awards
Selected and participated in the Korea-Poland Economic Delegation
06
Selected and participated in the Korea-Vietnam Economic Delegation
05
Selected as Seoul Fintech Lab member companies in Seoul, Korea
04
LEO12 South African exchange app development completed
Acquired Korea Venture Company Certification
02
Recognized as a Korea Research and Development Center [No. 2023110821]
Applied for 2 patents related to fintech technology
01
Launched TIER Beta Android and iOS applications
2022
09
Service Agreement with Peach Payment Services (Pty) Ltd
NDA with Technology Corporate Management (Pty) Ltd
08
Signed a Series Attraction Pledge with Riseothers (PTY) LTD
Signed NDA with Riseothers (Pty) Ltd
07
Signed NDA with Bidvest Bank Limited
Completed TIER domestic trademark registration
05
Signed NDA with African Solidarity Fund
04
Started development of full version of TIER (app, homepage, admin page)
02
Acquired Financial Intelligence Center (FIC) license in South Africa
01
Signed Merchant Service with Standard Bank of South Africa Limited
Signed MOA with PayGate (Pty) Ltd
2021
10
Begins development of Nedbank Limited’s sandboxed version of TIER
09
Partnership with Nedbank Limited
06
Signed NDA with Nedbank Limited
Signed MOU with Forus Digital (Pty) Ltd
Signed LOI with Nelson Mandela Foundation
TIER Beta Launch
04
Started development of integrated financial solution 'TIER' for NEDBANK
03
Planned to introduce payment and remittance solutions in South Africa
02
Establishment of Ennovalabs
2019
10
Signed MOA with Diaspora Infrastructure Development Group (Pty) Ltd
Our Client & Partners
