Innovation in Finance: how Abalobi is creating a thriving marketplace for South Africa’s fisher communities
Published on May 4, 2020
Project: Catalyst Fund
Abalobi’s marketplace and fintech platform create economic opportunity for South African fishers: #InnovationinFinance documentary series
This video was produced with BBC Storyworks as part of the Innovate Finance #InnovationinFinance series, highlighting impactful fintech solutions from around the world. View the full series here.
In South Africa, fishing communities often struggle to manage their finances and access a fair price for their daily catch. Abalobi’s platform offers a suite of financial tools designed for smallscale fishers, including inventory management, accounting and more, as well as access to a marketplace that connecting fishers directly to chefs at local restaurants who can purchase their fish at a fair price.
Told through the perspective of Abalobi customer Emily Newman, learn how access to fintech innovation has improved livelihoods for the fishers in Struisbaai.