They have won the World Summit Awards for Nigeria as the best digital content solution in business and commerce. They are using digital technologies to solve centuries-old problem in Nigeria by deploying software to “eat” the world of Will making. Carrot is an online service that helps people to plan their estates. In other words, Carrot provides tools which help users to create their wills, organize assets, and secure their financial future. Through the platforms, the rights of widows and broad family members of a deceased person are protected.

Carrot Advisory Limited, is a fintech company with special focus on helping families with innovative and affordable financial planning services. […]

Carrot.ng is our delivery platform and it is enjoyable, convenient and secure. Our Carrot app will be available soon and can be downloaded in google playstore and iOS App Store.

Our partners include Leadway Insurance, Royal Exchange Assurance Group and SendBox.

Nigeria has a low penetration of wills making. It is estimated that only about 5% of Nigerians write their wills. Simply, there is a huge market opportunity in this market if software can reduce the frictions and make more people prepare their Wills. That will reduce assets value-destructions which happen when descendants fight over assets. No wonder, UNESCO honored Carrot as an innovator for providing a platform to fix that friction.

“One of the challenges faced by Nigerians today is that of inheritance and estate planning. It is generally believed that the making of wills is an exclusive preserve of the rich but this is a false assumption. A recent study carried out by our team revealed that more men are writing wills than women.

It also showed that people 60 years and above or people working with organisations that insist on staff wills making are those writing their wills in Nigeria. We are trying to remove all barriers that prevent most families from getting the kind of legal and financial protection they need and deserve.”

According to the company, the platform enables testators to appoint guardians for their beneficiaries – spouse, siblings, children, aged parents or others. The testator can also appoint trustees, witnesses and executors. The goal of the whole thing is to eliminate the falsification of wills and the paralyses that come for a deceased person’s estate especially by family members.

“Carrot.ng helps families break through the perceived challenges of securing and protecting their families’ financial future. It overcomes the difficulty, costs, and isolation that most people experience while trying to complete essential legal and financial tasks.

Carrot.ng enables you to make a legal and valid will, purchase a health, life, travel and unemployment benefits insurance and organize your inventory of assets – in minutes and with just a click.”

How It Works

The company has provided a simple process for users to create wills in their platforms.

1. We will ask you a few questions to determine your eligibility and help you create your Will. Our in-house legal experts are on hand to assist you through live chat and phone support.
2. Our legal experts will check it and ensure it complies with applicable laws. We will be in contact with you through this process. You may be required to make changes to your Will.
3. We will print, package securely and deliver 2 hard copies of your Will via DHL. Also, your witnesses will need to be there to sign your Will in your presence.
4. Tell us where to save a copy of your Will. We can also help you keep a copy of your Will in our vault.

All Together

This is a brilliant product as explained by the Founder/CEO of Carrot Technologies Limited, Luqman Balogun.

“The unique social experience on Carrot.ng also makes it easy for users to invite family and friends to serve important future roles, encouraging transparent dialogue about hopes and expectations. Carrot guides users through these decisions, and makes them easy to change at any time, with just a click on their phones. It combines many of the tools used by the wealthy and makes them accessible and affordable to all families.

“Carrot is removing all barriers that prevents most families from getting the kind of legal and financial protection they need and deserve. We have made it enjoyable, convenient and secure for everyone to create a financial security plan and organize their assets easily by visiting our website ‘www.carrot.ng’.

“Families can finally take this off their perpetual ‘to do’ list – in a way that is social, and even enjoyable, right from the comfort of their homes, offices or on the road.”

Carrot.ng is powered by Carrot Technologies Limited, a financial technology firm with special focus on inheritance and estate planning. The Company has very distinguished and accomplished professionals on the Board and chaired by Prof M. T AbdulRazaq. Other directors are; Henry Laraiyetan, Odunayo Williams – Co-Founder/COO, Markie Idowu, Lawal Olarinoye, and Segun Afolahan.

Today, I spent the day in a category-king software and cloud solution company. Wragby Solutions is building software solutions of the future with A.I. (artificial intelligence), accelerating innovation across different nexus of Nigeria’s industrial sectors. Meeting the young people at the heart of this redesign elevates my unbounded optimism on the promise of the future of Nigeria. From business solutions to elemental components of cloud platform and application infrastructure, they have built and building the pieces to drive productivity and reduce technology frictions for markets. And the most fascinating part: IoT solutions to power the digitizing Nigerian economy. People, innovation has a happy home in Nigeria!

Now Wragby Business Solutions and Technologies Limited is a proven industry leader with expertise in Cloud Infrastructure, Artificial Intelligence, Data, Modern Workplace, and Business Solutions in West Africa. Our company was the Microsoft Partner of the year finalist in 2017 and 2018 respectively for our work in Cloud Technology and Enterprise Mobility. These affirm our dedication to transforming businesses via innovation and making the world a better place through technology.

By Nnamdi Odumody

Moven is a digital banking platform for the future which utilizes Near Field Communication technology provided through contact stickers placed on smartphones, allowing users to pay for goods and services in the U.S through MasterCard. Its customers can monitor their financial health through its solutions which include CRED Score, Money Pulse, Money Path and a financial personality test.

Moven offers an innovative technology platform which includes a suite of easy-to-use APIs and a Software Development Kit (SDK), which global banks use to attract, retain and grow their customer base. This technology is proven to significantly reduce attrition, deepening customer relationships and help drive new revenue streams for financial institutions.

Moven provides users with contextual personalized advice as part of the e-wallet mobile app experience. Analyzing the expenses daily, the service allows users to track their spending in real time while reducing spending and increasing savings—all to drive financial wellness and good financial habits. An automated tool for tracking spending and encouraging savings provides a way for banks to place themselves on the side of their customers.

It enables email and text payments even if the receiver is not an account holder. It has a network of over 42,000 ATMs where one can withdraw cash without any fees.

Its enterprise stack helps banks reduce attrition rates, drive new revenue streams and lower the cost of customer acquisition. Utilizing AI, banks are provided with an advice driven personalized financial wellness experience to better engage, retain and grow their customer relationships. Banks and third party data is translated into real time advisory for customers.

Customers unique spending and savings habits are mastered as they interact with their banks smart app powered by Moven. These are used to determine future financial wellness and engagement prompts such as spending list.

Moven offers a range of Open APIs for any bank to quickly and easily integrate its technology, enabling them to gain faster speed to market to support smart intelligent banking into an existing app.

Nigerian banks should through its country representative Inlaks Computers integrate Moven where necessary to deepen the banking customer experience for the future.

Donald Trump, U.S. President, signed an Executive Order to deepen the United States’ cybersecurity workforce. Fortune newsletter summarizes it thus:

The order laid a number of sorely needed federal initiatives. Among them: standardizing job listings to help cybersecurity workers more easily move around government, creating a rotational employment program between the Department of Homeland Security and other agencies, establishing awards for elementary and secondary school educators who foster cybersecurity talent, and incentivizing people to learn and master hacking skills through new “awards and decorations.”

Perhaps the most interesting part of the document called for a “president’s cup cybersecurity competition.” The goal, the directive states, “shall be to identify, challenge, and reward the United States Government’s best cybersecurity practitioners and teams across offensive and defensive cybersecurity disciplines.” The order mandates that such a contest, intended for both military and civilians, will take place before the end of the year. Winners are set to earn a minimum cash prize of $25,000.

Specifically, the section on using competition to stimulate young people is brilliant as captured in the Executive Order: “develop a plan for an annual cybersecurity competition (President’s Cup Cybersecurity Competition) for Federal civilian and military employees”. Nigeria needs to pick some insights from this policy and create something in that line.

(e)  The Secretary of Homeland Security, in consultation with the Secretary of Defense, the Director of the Office of Science and Technology Policy, the Director of OMB, and the heads of other appropriate agencies, shall develop a plan for an annual cybersecurity competition (President’s Cup Cybersecurity Competition) for Federal civilian and military employees.  The goal of the competition shall be to identify, challenge, and reward the United States Government’s best cybersecurity practitioners and teams across offensive and defensive cybersecurity disciplines.  The plan shall be submitted to the President within 90 days of the date of this order.  The first competition shall be held no later than December 31, 2019, and annually thereafter.

I have articulated some policies Nigeria can take to build a strong cybersecurity capability.

In this piece, I had written a whitepaper for Nigeria’s “National Cybersecurity and Cyberwarfare Command, NGCYBERCOM”. Yes, you imagine a future and you just write even when no one is paying attention. Provided it is written you have your peace back. Here is the video but the whitepaper is a tome of academic scholarship.

Facebook is planning to make something awesome on cryptocurrency. The company is talking to dozens of financial and e-commerce companies, including Visa and MasterCard, about the cryptocurrency-based payment system it is developing. The scheme carries the codename Project Libra and involves a dollar-pegged virtual currency that could be used for payments between WhatsApp users. Facebook is apparently considering giving users small amounts of the cryptocurrency for looking at ads, Fortune Newsletter summarizes.