Kenyan startup Jamborow is a fintech platform that provides white label solutions to enable savings and credit cooperatives societies, or Saccos, to better serve their members and scale operations while at it. Founded in 2018 by Moses Onitilo and Olusegun George, Jamborow brings together all players in the financial ecosystem, including lenders, borrowers, and intermediaries. Its system digitises KYC data, automates and digitises operations, creates a credit score for all members, avails e-wallets to members, provides additional sources of funding for on-lending, has a business intelligence tool, and offers API code-share integrations. So far, it has onboarded over 1.4 million Sacco members across Sub-Saharan Africa and is looking to expand into the East African market. With uptake so strong, the founders, who put in US$400,000 of their own savings to begin operations, are currently raising a seed round to fund further growth. Its focus is on Kenya and wider East Africa.
SOURCE: DISRUPT AFRICA
More Stories
Joshua Baraka is Ugandan Music’s Next Big Thing
Design for Human Rights
A Landmark Exhibition Celebrating the Global Impact of Modern and Contemporary African Fashions
Seven Striking Images by Africa’s New Creative Wave
Broken Chord, Sadler’s Wells Review – Sublime Music for the Tale of a South African Choir
Kinshasa’s Street Artists Raise Issues about Globalisation and Economic Plunder
Africa’s Leading Tourist Attraction 2023 Nominees
Lagosians will Proudly Tell You there’s No Party like a Lagos Party
If You Are Looking to Set Up an Office Remotely, South Africa has It All
Luxury Places to Stay in Zanzibar for a Memorable Vacation on the Island
Accelerating and Scaling Priority Infrastructure Development in Africa
Case Studies: Strategising for a New Era of African Trade