Stampli 50m Partnerscrooktechcrunch

The Finclusion 20M preseries was launched by Tage Kene-Okafor in November of 2011 Partnerscrooktechcrunch. This is a great example of how the Internet has made it possible for people to make money from home. The company is focused on offering a service to consumers in a single country. They also have plans for the future. Their investor base is strong and they have an offer they hope to provide to their employees.


The digital banking space in Africa is taking shape. Neobanks like Finclusion are becoming commonplace and well funded. However, most of the digital banks in this space are located in just one or two countries. Several of them have adopted a credit-led model. This article takes a look at the neobank sector in Africa and some of its leading players.

One of the best places to start is with Finclusion. Their approach combines traditional bank services with technology. Using AI, the company is able to provide financial products for customers. They are currently operating in five markets and plan to expand to more soon. The company offers a range of credit-centric services, such as payroll loans and future wage loans. It also offers solutions to employee’s financial wellbeing.

Customers in a single country

Finclusion is an African financial technology company that is working to drive financial inclusion in Sub-Saharan Africa. It provides lending solutions through employer relationships. With offices in five markets, the company is planning to open a new office in West Africa soon. The startup uses data-driven lending and AI to make loans.

To date, the startup has granted more than $300 million in loans to over 240,000 consumers. Finclusion plans to expand its offerings with additional products, including buy-now, pay-later offerings, savings products, and cards. It also wants to create a pan-African neobank.

Finclusion currently offers payroll loans, as well as an insurance product. It hopes to diversify its offerings and eventually offer financial wellness products for employees. This year, the startup plans to double its revenues and originations.

Employer partnerships offer

Finclusion, a digital bank headquartered in Cape Town, South Africa, plans to expand its operations in several African countries. In addition to its payroll solutions, it offers HR and insurance solutions. It has been working with employers to provide loans and other financial wellness products to employees. Recently, it announced a funding round of $20 million, led by Lendable. This investment will enable the company to further expand its operations in Namibia, Kenya, and South Africa.

Finclusion uses data driven lending to provide consumers with loans. While the company started out as a payroll loan provider, it has since diversified its offerings. Now, it is looking to launch savings products, cards, and more. Additionally, it has acquired HelloHR, a South African payroll software startup. Finclusion also plans to open an office in West Africa soon.

Future plans

The Fin inclusion group, the brainchild of telecommunications mogul Kene Okafor, has a dazzling array of products and services. In a span of about six months, the company has snagged a cool $32 million in equity and debt, with plans to grow to $50 million in the coming year. A cursory look at the company’s website and you’ll see that the core of its operations remains in South Africa, while hubs are also in Kenya and Zambia. On the customer front, the Fin group boasts over 28,000 borrowers with active loans and some enviable employer partnerships. But it is the Fin Group’s philanthropic side that stands out.


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