About Pastel

About UsWe are designers, builders, and AI experts crafting the future of finance and business in Africa.

Our MissionWe enable inclusive growth and financial prosperity by empowering individuals and businesses in developing countries with intelligent solutions.

Our VisionOur goal is to revolutionize finance in developing countries through technology and AI, making financial opportunities accessible to everyone.

Our Values

Inclusiveness & RespectWe respect people above everything else and are committed to building a workplace where diversity is valued.

User centric approachWe strive to understand the user beyond just their business needs and include the users in the process of building all products and processes.

InnovationWe leverage on cutting edge technologies such as artificial intelligence, that help us provide you with world-class solutions to elevate your business.

OwnershipWe take ownership and are not afraid of taking initiative.

Press Center

A Journey From Sci-Fi to Reality: 3 AI Technologies you Need to Know in 20232023 is the year of Generative AI, yet Generative AI is just one facet of the broader field of artificial intelligence. In this blogpost, we talk about some of the Artificial Intelligence technologies you should get familiar with.

Unveiling the Marvel: Generative AI—Where Technology Meets MagicIn this blog post, we embark on a journey into the enchanting world of Generative AI. Delve into the marvel of how this technology weaves intricate patterns from data to conjure responses that mirror human expression.

THE ABCs OF FRAUD: What is Digital Wallet Fraud?In this new blogpost, we discuss the concept of digital wallet fraud and the most prevalent types.

AI: Separating the Hype and the RealityThe recent buzz surrounding generative AI has indeed brought AI into the mainstream, but is that the entirety of artificial intelligence's potential? Delve into this blog post to explore the possibilities offered by artificial intelligence models that extend far beyond the current hype.

AI in Finance: 3 Ways Artificial Intelligence is Transforming the Financial Services Industry In this blogpost, we delve into some of the most impressive ways artificial intelligence technology is transforming the financial services industry, and the potential use-cases of AI in finance.

The ABCs of Fraud: What is Fraud? At its core, fraud embodies deceit, manipulation, and misrepresentation, all with the intent of personal gain or causing harm. In this blog post, we dive into the very essence of fraud by focusing solely on what it really is beyond common societal perceptions.

Introducing Sigma: A Step Towards Africa’s AI Transformation Join us in this transformative journey as we introduce Sigma - Pastel's suite of AI products designed to empower Africa's enterprises and revolutionize the financial services industry.

How to Approach Cost-Sensitive Learning in Credit Scoring and Fraud DetectionIn this blog post, we'll delve into the concept of cost-sensitive learning within the context of credit scoring and fraud detection. We'll explore the fundamentals of this approach, highlighting its crucial role in making informed decisions in financial transactions. Discover why cost-sensitive learning is an absolute game-changer for financial institutions seeking greater accuracy and efficiency in their operations.

ABCs of AI: What Really is AI? In this blogpost, we delve into some of the basics of artificial intelligence beyond the hype of generative AI tools such as ChatGPT and Gemini.

Unlocking Financial Access: Transforming Credit Scoring Systems for the Unbanked in Africa with AI In this blogpost, we delve into the current state of credit scoring in Africa and explore the opportunities that artificial intelligence models present for unlocking financial access within the continent.

How Fast Payment Solutions are Increasing the Risk of Financial FraudThanks to instant payments, financial fraud is getting a turbo boost. This spells certain doom for individuals and businesses, as it means that while they are able to access instant payments and split-second money transfers to supercharge their transactions, they may have to contend with cybercriminals exploiting the same benefits. Here's how this puts your business at risk...

Transaction Fraud Prevented in Seconds: How Sigma is Helping Companies Combat FraudIn a world where transactions are completed in seconds, the risk of fraud can be a daunting challenge for any financial service provider. Learn how Sigma is proving itself as an effective partner in the fight against fraud in the Nigerian Business Ecosystem.

AI and Bias: Addressing Face Verification Limitations from an African PerspectiveHave you ever stood at an ATM, eagerly anticipating a quick transaction, only for the machine to fail in recognizing your face? If so, you've encountered a face verification system. In this blog post, we delve into the unique challenges faced by artificial intelligence face identification models that often struggle to adapt to the uniqueness of African faces. We also shed light on how, at Pastel, we're actively working to overcome these challenges and pioneer AI solutions tailored to the African context.

What is Enterprise AI? All You Need to KnowThe applications of AI technology have expanded from generative functionalities to include intelligent automation and optimization capabilities for recurring business tasks - all in real time. This new branch of applications for AI technology is known as Enterprise AI. What is Enterprise AI? Enterprise AI is the strategic use of Artificial Intelligence (AI) technologies within organisations tailored specifically for business applications Here's all you need to know...

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