We take a look at five leading fintech ventures in Africa striving to build and deliver financial services across the continent- Maria Ukpere
NetPlus / Mastercard – SA
Nigerian tech start-up (Netplus) and Mastercard come together to deliver a cashless online shopping payment solution. The Mastercard e-commerce solution empowers the consumer, the e-retailer as well as the delivery service by providing a simple and secure digital solution. Consumers can pre-authorize the payment when placing their order online, the e-retailer is given a sense of comfort and dispatches the goods via a delivery service who is able to use the Mastercard e-commerce app to authorize the release of the payment once the consumer approves, ensuring the merchant is paid immediately.
PesaChoice – Rwanda
PesaChoice provides an easier way for customers to manage bills and be more in control of how their funds are spent. PesaChoice aims to make the bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.Last but not least, PesaChoice LLC is building a robust API that third party companies and partners can rely on to provide various payment solutions that fit their businesses.
WeCashUp – Africa
WeCashUp is a universal API that enables online merchants worldwide to accept mobile money payments. They aim to solve the problem regarding Africans being excluded from internet commerce because they do not have bank accounts, however, most of them have mobile phones, their solution is a mobile network that enables users to make secure payments via their phones.
PiggyBank NG – Nigeria
PiggyBank NG is a mobile savings app that securely makes saving possible by combining discipline plus flexibility to make you grow your savings to reach your savings target. The app enables you to view your dashboard and transaction history at a glance you can get this app at no charge with a 100% guarantee of security.
Flutterwave – Nigeria
Flutterwave presents a modern payments infrastructure to power Africa’s digital economy offering solutions for organizations such as banks, enterprise and even entrepreneurs. Their mission is to enable global digital payments to Africa, changing the way the world does business with Africa and creating an infrastructure to power Africa’s growth in the 21st century.