Our Vision
Financial services in Africa are broken. Small businesses and individuals are the backbone of our economies, yet they find themselves thoroughly underserved by financial institutions. The very people who make up 80% of depositors have been locked out of the financial system. They receive a measly 1% of loans, and are charged predatory rates where loans are available. The average Kenyan pays $57 a year just to keep a basic account open. That's 10 days of wages gone, just to store your own money.
We believe it's time for a change and we're rethinking things from the ground up.
Imagine a world where an individual or business owner can open a bank account in 5 minutes, send money as easily as a WhatsApp message, access credit based on their cash flow not collateral, and plug into an ecosystem of tools to help their business grow. That's the world we're building.
Our vision is simple; payments should be frictionless, credit should fuel growth and not be a tool for exploitation, and banking should work for everyone - not just the elite.
We're building a financial ecosystem that serves the millions of SMEs and consumers often overlooked by traditional financial institutions. We're driven by a new set of incentives. Our commitment to customers:
- •No hidden fees: No surprise charges. Moving money shouldn't cost money.
- •Credit should grow businesses: We're not here to trap you in debt. Our credit is designed to help businesses grow, not to line our pockets.
- •Technology drives us: We will move faster and serve you better than any legacy bank. We're building a technology company that happens to be a bank. We aren’t saddled by bureaucracy and legacy systems.
- •Transparency, no hidden details: We're committed to giving our customers real-time insight into our financials. Your trust is our most valuable asset.
- •Unwavering ethics: No insider loans, no shareholder favoritism, no discrimination. We're here to serve all, not just the privileged few.
