タグ: FinTech

bamboo

Bamboo_FinTech startup in Nigeria

Overview

Bamboo is a FinTech startup company in Nigeria. This company has been established in 2019 by Richmond Bassey. Bamboo is an online app that gives Nigerians direct access to the US and the global stock market, including exchange-traded funds. For Africans, investing in the global capital markets is typically expensive and practically inaccessible. This startup has a mobile app that allows individuals to trade the US stock markets.

Traction

Bamboo gives unrestricted access to over 3,000 stocks listed on the Nigerian stock exchange and U.S. stock exchanges, right from your mobile phone or computer. Afrricans in Nigeria can now purchase shares in their favourite U.S. companies like Tesla, Facebook and PayPal. Their target is anyone above 18 with at least $20 investible income.

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Workpay

workpay_fintech/HR startup in Kenya

Overview

WorkPay is a cloud-based human resources management and payroll solution for small and medium-sized businesses (SMBs) in Africa. Its time tracking and salary disbursement tools help African businesses save money and time by eliminating ghost workers from their payroll and inefficiencies associated with cash payments.

Founder

Workpay has been founded in 2018 by Paul Kimani in Kenya.

Tips

Currently, WorkPay processes payrolls for more than 25,000 employees in Kenya and has more than 300 SMBs on its platform. The company’s cloud of digital data, stored and processed on a network of remote servers hosted on the internet rather than on local servers or personal computers, gives greater flexibility such that user businesses can easily access salary payment information and remotely approve time-dependent payroll processing at their own convenience.

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flutterwave

Flutterwave_fintech startup in Nigeria

Overview

 Flutterwave is a Nigerian-founded B2B payments service (primarily) for companies in Africa to pay other companies on the continent and abroad. It has been launched in 2016. This company allows clients to tap its APIs and work with Flutterwave developers to customize payments applications.

Founders

 Flutterwave has been established by Olugbenga GB Agboola.

Existing customers are, for instance, Uber, Booking.com, and e-commerce company Jumia. Flutterwave currently has more than 60,000 merchants on its platform.

Tips

 Flutterwave had processed 107 M transactions worth $5.4 billion. Now, those transaction numbers have increased to over 140 M transactions worth more than $9 B. The company says more than 290,000 businesses use its platform to carry out payments. And they can do so “in 150 currencies and multiple payment modes including local and international cards, mobile wallets, bank transfers, Barter.

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