On Thursday, Orange Money Group announced Thierry Millet’s appointment as its new Chief Executive Officer (CEO).
With over twenty years’ experience within the Orange Group, Thierry Millet has made a significant contribution to the development of mobile money in Africa and the MEA region, notably by piloting the creation of the first electronic money institutions.
Thierry Millet’s impressive experience
His management roles in France and Latin America, as well as his international experience—most notably as the head of Orange Tunisia and Orange Romania—give him invaluable knowledge of rapidly evolving environments.
Thierry Millet, a Télécom Paris and the École Polytechnique graduate, is renowned for his strategic vision and capacity to improve business performance.
Orange Money stated, “We welcome him to this new adventure, and are convinced that his vision and leadership will help strengthen our ambition to make finance accessible to all.”
Orange Money’s collaboration with JUMO
Orange Money Group announced a strategic partnership with fintech provider JUMO in July to broaden mobile credit access for African unbanked populations.
This collaboration will let Orange Money users apply for loans directly from their mobile wallets without needing a bank account or collateral. Such a move leverages data analytics and AI to reduce loan risks while creating microfinance solutions tailored to the continent’s underserved.
This alliance creates a new microfinance market backed by pan-African banks and development institutions. Users won’t need to visit physical banks or provide collateral, marking a change in financial inclusion.
Instant loan disbursements and automated repayments embed smooth digital credit access into everyday mobile money usage, empowering millions previously excluded from formal credit systems.
About Orange Money
Orange Money, a genuine vector of inclusion, provides a payment and money transfer service that makes it easy and safe for millions of people to conduct their financial transactions.
Through Orange Bank Africa and partnerships with other banks in nations not included in the solution, Orange Money also offers financial services like credit and savings.
Orange Money expresses its commitment to making lives better and easier for its users, whether individuals, business owners, governments, or institutions.
As a result of a collaboration between the Orange group and the NSIA bancassurance group, Orange Money depends on Orange Bank Africa in West Africa to provide cutting-edge credit and savings products, thereby enhancing financial inclusion in the Middle East and Africa.
A quick decision-making algorithm (10 seconds) and the ability to identify customer profiles based on their behaviour are used to determine loan eligibility.
This digital banking model, which offers financial services catered to a broad spectrum of clients, is substantially strengthening the region’s financial inclusion.