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Tecnotree Corporation Press Release 02 November 2022

Espoo, Finland: Tecnotree, a global digital platform and services leader for 5G and cloud native technologies, has been awarded 'Excellence in Fintech’ by Finnovex, the Leading Summit on financial services Innovation and Excellence. The award recognizes Tecnotree's leading role in promoting financial inclusion with innovative digital payment and financial services across Africa and the Middle-East, through their intelligent Fintech platform -Tecnotree DiWa.

The award was presented at the Finnovex West Africa 2022 event on Tuesday, 25 October 2022. With a large potential for digital fintech transformation, most of the population of West Africa is still unbanked. The event recognizes companies driving real change by accelerating future-ready sustainable banking. Attended by renowned telecom partners and industry leaders, the award ceremony included 100+ participating organizations, 40+ renowned speakers, focussed panel discussions, and keynote presentations. Tecnotree was further commended for its presentation at the event, which captured an end-to-end approach to Fintech with an innovative mindset for solving market needs.

This achievement comes in recognition of Tecnotree DiWa’s full- service fintech and banking engagement-based wallet capabilities for consumers and enterprises experiences for customers. The platform integrates partners with a range of wholesome solutions such as international remittances, closed-loop remittance, payment collections, virtual cards, B2C & B2B micro-lending, agent networks management, salary disbursements, savings & deposits, and digital payments for ecommerce competencies like groceries, shopping, ticket booking, and deliveries.

Unlike most fintech platforms that allow customers to perform limited financial services such as sending and receiving money, cash withdrawals, and merchant payments, Tecnotree DiWa’s state-of-the-art Fintech solution goes beyond and enables banks and CSPs to transform the digital payment landscape with a number of seamless services bundled in a single platform. The Platform connects 100 million consumers in Africa, facilitating them to make online payments globally with DiWa-enabled virtual cards.

Padma Ravichander, CEO of Tecnotree, said "The adoption rate of Fintech services in African market is getting higher day by day and created a lot of new business opportunities. We recognize the growing need and demand for digital services across Africa, and our vision is to bring sustainable and inclusive development to our customers through our intelligent wallet capabilities. We are proud of the 'Excellence in Fintech’ award for our flagship and cutting-edge digital financial solution - Tecnotree DiWa and this is clearly a testament to Tecnotree’s efforts to help financial institutions and other digital service providers."

Further Information
Padma Ravichander, CEO
tel. +97 156 414 1420


Tecnotree is a 5G-ready digital Business Support System (BSS) player, with AI/ML capabilities and multi-cloud extensibility. Tecnotree is the first company in the world to be Platinum Certified by TM Forum Open API standards, and our agile and open-source Digital BSS Stack comprises the full range (order-to-cash) of business processes and subscription management for telecom and other digital services industries creating opportunities beyond connectivity. Tecnotree also provides Fintech and B2B2X multi-experience digital marketplace to its subscriber base through the Tecnotree Moments platform to empower digitally connected communities across gaming, health, education, OTT, and other vertical ecosystems. Tecnotree digital platform products and services today serve over 1 billion subscribers globally in over 70 countries. Tecnotree is listed on Helsinki Nasdaq (TEM1V). For more information, please visit our website or social media channels – Linkedin I Facebook I Twitter

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