Omar Cissé Explained

Omar Cissé
Birth Name:Omar Cissé
Birth Place:Dakar, Senegal
Nationality:Senegalese
Alma Mater:École supérieure polytechnique de Dakar
Institut supérieur de management
Occupation:Entrepreneur, Business Executive
Known For:FinTech
Founder & CEO at InTouch

Omar Cissé (born 1978), is a Senegalese entrepreneur and the CEO of InTouch Group, a financial technology company, he founded in 2014.[1] [2] Previously, Cissé established other tech ventures, including CTIC Dakar, a business incubator in Senegal launched in 2010, and 2SI, a software engineering and mobile solutions company founded in 2001. Cissé has a degree in computer science and design engineering, and an MBA, he is known for his contribution to the development of African technology and mobile payment industry.[3] InTouch, one of his ventures offers a mobile payment platform for financial transactions in Africa, spanning 16 countries and 23 subsidiaries across the African continent as of 2024.[4]

Education

In 1997, Cissé attended the Ecole Supérieure Polytechnique de Dakar (ESP) in Senegal, obtaining a degree in engineering design in computer science and new technologies in 2001. Cissé later pursued an MBA at the Institut Supérieur de Management (ISM) in Senegal, graduating in 2007.[5]

Career

During his engineering studies he and his peers developed websites for local businesses in Senegal, working from their student rooms with just their laptops. . In 2001, a year after completing his engineering degree, Cissé co-founded 2SI, a software engineering company.[6] The company grew to a team of approximately 40 employees. Cissé become the CEO in 2005; despite 2SI's success, Cissé left the company in 2010, a decision that surprised his partners and family..

Cissé earned certification in business incubation through Infodev, a program of the World Bank Group’s Private Sector Finance and Development Network which operates a network of more than 400 incubators across 100+ countries. Cissé worked as a business incubation trainer for Infodev over a span of three years.

In 2010, Cissé founded CTIC Dakar, reportedly the first technology incubator in French-speaking West Africa. [7] [8] In 2015, Cissé co-founded Teranga Capital, a Dakar-based investment firm that invests in SMEs, and he serves as its board member.[9]

Cissé's founded the InTouch in 2014, a fintech company aimed at solving interoperability issues in mobile payments. The platform was initially funded by Cissé himself and built with the support of four engineers. It grew, achieving a record $10 million fundraising round in 2017, the largest for a start-up in French-speaking Africa at that time.[10]

InTouch

In 2014, Cissé founded InTouch, a fintech company with the mission to simplify payments and expand financial inclusion across Africa.[11] InTouch aimed to address Africa’s fragmented payment landscape by creating a platform where merchants could manage transactions across different payment channels. Through InTouch, Cissé enabled businesses to accept payments from various sources, including mobile money and card-based transactions, thereby reducing complexity and increasing accessibility for consumers.[12]

Since its inception, InTouch has grown significantly.[13] In 2017, the French companies TotalEnergies and Worldline invested €3.7 million in InTouch. n 2023, InTouch reportedly processed nearly €3 billion in transaction volume.[14] I n 2024 the company has expanded its presence to 16 countries and established 23 subsidiaries across the African continent.[15] In 2024, InTouch launched MyTouchPoint, a B2B2C platform that allows customers to interact via the web and the mobile app.[16]

References

  1. Web site: 5 minutes avec Omar Cissé, PDG d’InTouch – Global Gathering 2020 . 2024-10-30 . gg2020.nef.org.
  2. Web site: Rédaction . 2024-05-30 . Dix ans de succès : Comment InTouch façonne l'avenir des paiements en Afrique . 2024-10-30 . Financial Afrik . fr-FR.
  3. Web site: Koba . Melchior . Omar Cissé, the innovator who modernizes mobile payments in Africa . 2024-10-30 . www.wearetech.africa . fr-fr.
  4. Web site: Omar Cissé (InTouch) : « En Afrique, la fragmentation des espaces monétaires est un vrai problème » - Jeune Afrique.com . 2024-11-02 . JeuneAfrique.com . fr-FR.
  5. Web site: 2023-02-07 . Omar Cissé, l'ingénieur système qui cumule les success stories dans l’entrepreneuriat . 2024-11-02 . Fanaka.co . en-GB.
  6. Web site: Team . Editorial . 2023-12-19 . Senegalese-born Omar Cissé Leads Ventures in French-speaking Africa . 2024-11-02 . en-US.
  7. Web site: 2019-01-29 . Omar Cissé : « Le Sénégal doit avoir ses propres champions » . 2024-10-30 . Le Point . fr.
  8. Web site: Rédaction . La . 2018-04-09 . Omar Cissé, directeur général de In Touch . 2024-10-30 . CIOMAG . fr-FR.
  9. Web site: Trois questions à... . 2024-10-30 . Afrique magazine . fr.
  10. Web site: How InTouch is preparing its expansion into 10 African countries . 2024-11-02 . africabusinessplus.com . en.
  11. Web site: CFAO adds to TotalEnergies and Wordline equity in InTouch . 2024-11-02 . africabusinessplus.com . en.
  12. Web site: Omar Cissé (InTouch) : « En Afrique, la fragmentation des espaces monétaires est un vrai problème » - Jeune Afrique.com . 2024-10-30 . JeuneAfrique.com . fr-FR.
  13. Web site: Cissé . Omar . 2024-04-11 . FinTech for Africa's SMEs - An interview with Omar Cissé of InTouch Group . 2024-11-02 . Entreprenante Afrique . en-US.
  14. Web site: 2024-10-12 . Éco d'ici éco d'ailleurs - Tech, mobile money, Sénégal, Sahel, Franc CFA : Omar Cissé, grand invité de l'économie . 2024-10-30 . RFI . fr.
  15. Web site: 2020-04-10 . Omar Cissé : « La cashless society est en train de se mettre en place » . 2024-11-02 . Le Point . fr.
  16. Web site: Afrofeeling - Best of Africa, bienvenue. . 2024-11-02 . www.afrofeeling.com.