Business News Technology

#40Days40FinTechs Initiative Season 5, Day 33: iSOKO is supporting over 80,000 Informal Cross Border Traders

Informal cross border trade is one of the oldest forms of trade across Africa. It employs millions of people majority of them being women and youth. Research carried out by the African Development Bank (AfDB) shows that cross-border trade is a source of income to millions of people across the African continent. Uganda alone has […]

Business News Technology

#40Days40FinTechs Initiative Season 5, Day 32: SchoolPal is using Tech to support Education, improve School Payments

SchoolPal; an education management system is committed to using technology to transform education and general school life. This is according to its founder and CEO – Shane Senyonga. “At SchoolPal, we deliver Education management solutions from a dashboard we give to schools and an APP that parents use to access school details for their children. […]

Business News Technology

#40Days40FinTechs Initiative Season 5, Day 31: aXiom Zorn is using Data to enable Farmers, Rural People access Finances

Farmers and generally people living in rural areas have over the years been the most unserved when it comes to access to financial services. This is particularly because they usually don’t have financial records, credit history and business data to back their requests for finances. However, technology is changing this as it is allowing thousands […]

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, […]

Business News Technology

#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 […]

Business News Technology

#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 […]

Business News Technology

#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 […]

Business News Technology

#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 […]