SA’s Sun Exchange & Kenya’s Pawame Named In Disrupt 100 Index 2018

The Disrupt 100 is an annual index celebrating the businesses with the most potential to influence, change or create new global markets.

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Startup. Rawpixel.com / Shutterstock
Startup. Rawpixel.com / Shutterstock

The Sun Exchange, the global buy-to-lease solar marketplace, and Pawame, a Kenyan-based off-grid home solar company, have been selected as one of the world’s most disruptive companies.

The Global Disrupt 100 Index 2018 has been compiled and curated by the world’s leading entrepreneurs, investors, and business people.

It is compiled by Tällt Ventures, a global data intelligence and innovation company, celebrating the ventures with the most potential to influence, change or create new global markets.

The Sun Exchange, a Cape Town-based startup, has been named number 90 in Global Disrupt 100 Index 2018.

The Sun Exchange has been recognised as a venture with the potential to change the world we live in. It is attempting to change the world through using blockchain to power developing countries with solar energy.

Federico Rostagno / Shutterstock
Federico Rostagno / Shutterstock

Solar energy is becoming the fastest growing source of power. $3.4 trillion has been pledged to move from fossil fuels to clean energy, but the upfront cost of solar energy and lack of financial infrastructure has been a barrier to countries like Africa obtaining this energy source.

The Sun Exchange has the potential to create both environmentally friendly and socially responsible projects throughout the developing world.

It provides affordable power for communities and a safer investment for the panel purchasers. The use of cryptocurrency allows The Sun Exchange to overcome lack of financial infrastructure in developing countries and lower any currency risk.

For more about Sun Exchange read: The Sun Exchange Announces Opportunity To Earn From Solar Powering SA’s Plastics Industry.

The Disrupt 100 is an annual index celebrating the businesses with the most potential to influence, change or create new global markets.

Kenya’s Pawame was recognised for providing pay-as-you go energy solar systems in rural communities. It has been named at number 44 in the list.

Kenya’s Pawame was recognised for providing pay-as-you go energy solar systems in rural communities.
Kenya’s Pawame was recognised for providing pay-as-you go energy solar systems in rural communities.

While using Pawame’s pay as you go system, individuals can also build credit history to unlock purchasing other products, such as loans, insurance and access to the internet.  This lifeline empowers communities and gives them access to education, jobs and opens doors to further development opportunities.

Pawame have raised $2 million in funding through Gulf-based energy investors which will help them reach their goal – to electrifying 150 million households in Africa. They have also joined a unique public-private coalition to provide innovative solutions to refugees in partnership with Mastercard and USAID, which aims to turn refugee settlements into digital communities.

Each Disrupt 100 venture was sourced from over 5 million global startups and corporate ventures, has been scored against a specific criteria measuring the potential it has to affect an existing market or geography, introduce new customers into an existing market and/or creating a new market with significant customer demand.

The ventures were then judged by global brands including Google, Uber, Oracle, Silicon Valley Bank and Virgin StartUp, tech accelerators Microsoft Ventures, Accelerated Digital Ventures and Whitespace Ventures and entrepreneurs Emma Sinclair, Tom Goodwin and Bill Liao.

Previous ventures included in Disrupt 100 have gone on to achieve successes, with the likes of Go-Jek and Grail raising two of the highest funded investment rounds of 2017. Collectively, in the last 12 months, the ventures featured in the 2017 index raised more than $3.9bn in disclosed funding

“This is now our 3rd year celebrating disruptive global innovation – and this year’s cohort are a truly exciting bunch. Each company featured is revolutionising their particular industry (as well as the world we live in) and we’re looking forward to seeing how they grow and effect change in the coming years,” Disrupt 100’s founder, Matt Connolly, explains.

Other Winners

The mismatch between what the internet offers and what a child needs is increasingly having a negative impact on children’s attainment and emotional well-being.

Judged by leading innovation experts, Amsterdam and UK-based Wizenoze has been selected as one of the top 100 ventures with the potential to disrupt markets globally for their solution to make the internet a better place for children in classrooms all over the world.

Included in a notable list, Wizenoze has been recognised as a venture with the potential to change the world we live in by offering all students worldwide easy access to relevant and readable content on the internet through The Web for Classrooms. All sourced content in the Web for Classrooms is matched to a reading level, as well as the age of a user, for suitability.

Global Disrupt 100 Index 2018
Top Five of Global Disrupt 100 Index 2018

Faster diagnoses for patients with cancer

Switzerland-based Sophia Genetics was named as the overall winner and was recognised for builing a big-data analytics platform that harnesses clinicians’ medical expertise to enhance genomic diagnostic via AI algorithms. This will lead to better and faster diagnoses for patients with diseases such as cancer.

Hospitals that use the platform will benefit jointly from expert-fed, algorithmic DNA sequencing diagnostic insights that are shared across the platform. As the user-base scales-up with the addition of hospitals, the algorithms will get smarter and more accurate, with patients benefiting from the pooled knowledge. It will mean hospitals form a community and share experience and knowledge to continuously better diagnose and treat patients.

As the cost of genome sequencing has come down, there has been a focus on healthcare providers to more quickly and accurately read and analyse the more readily-available DNA sequencing data. Sophia Genetics’ analytics platform will assist in this by targeting oncology, hereditary cancer, metabolic disorders, pediatrics and cardiology. By 2020, almost half of Britons will get cancer in their lifetime.

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