Business News Technology

#40Days40FinTechs Initiative Season 5, Day 30: Fido is offering digital loans to individuals and businesses

Access to affordable credit is a big pain point for individuals and businesses alike. Majority that need loans don’t qualify to access them through formal institutions due to institutional red tape and absence of requirements such as collateral and guarantors. These end up relaying on traditional money lenders who in their nature are exploitative. Nonetheless, […]

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#40Days40FinTechs Initiative Season 5, Day 29: PayTota is collecting Payments for over 400 businesses

For start-ups, micro, small and medium sized enterprises (MSMEs), proceeds from sales are in many cases immediately injected back in to the operations of the business. Many never have a luxury of having huge capital to keep them running for weeks, in to months like big players are able to. As such, such businesses always […]

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#40Days40FinTechs Initiative Season 5, Day 28: PesaSave is enabling the unbanked and underserved save towards achieving Life Goals

For Uganda to achieve last mile financial inclusion, there must be special focus on the unserved and underserved. This means that there must be equitable distribution and access to financial services. Several innovators have developed and rolled out solutions aimed at democratizing savings and borrowing. But more efforts are needed if financial inclusion is to […]

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#40Days40FinTechs Initiative Season 5, Day 25: MobiPay is connecting farmers to inputs and ready market

Uganda is an agro based economy. As a result of this, efforts to modernize agriculture and make it much more profitable are always welcome. In the last one decade, several initiatives aimed at transforming agriculture have been rolled out. While many have yielded positive results, some failed badly. However, those focused on digitizing the agricultural […]

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#40Days40FinTechs Initiative Season 5, Day 24: Flutterwave is helping MSMEs collect payments

Many businesses in Uganda have in the last four years expanded from merely physical businesses to embracing e-commerce as a reliable way of trading. While many businesses have accepted e-commerce, most of them continue to face several hurdles when it comes to receiving and making payments. This mainly affects the micro, small and medium sized […]

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#40Days40FinTechs Season 5, Day 23: clinicPesa is enabling over 1.5 million Ugandans save for Healthcare

Though expensive, quality healthcare is a basic need and somewhat a human right! Unfortunately, in low developed countries, quality healthcare is a preserve for the rich and those connected to big organizations that offer health insurance packages. This thus leaves out the less privileged who, unfortunately are the overwhelming majority. In a move to mitigate […]

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#40Days40FinTechs Initiative Season 5, Day 22:JUMO extends digital loans to over 5 million Ugandans

The hard-economic times mean that every now and then, many people are always seeking for financial assistance. Family and friends are always the most immediate people for seeking for financial help but in circumstances where they too are broke, then borrowing from money lenders is the only way out. Unfortunately, getting money from credit institutions […]

Business News Technology

#40Days40FinTechs Initiative Season 5, Day 21: Trillion Looks Store is using E-Commerce and FinTech to connect Artisans to the global market

Uganda is blessed with very many quality Artisans. However, most of these are not earning as much as they would rightfully earn due to market access challenges. This market information gap is what Trillion Looks Store was established to close. It has since embedded e-commerce with financial technology (Fintech) and in so doing contributing to […]