Startup Showcase: awamo – Mobile Banking & Business Platform for Microfinance

awamo is a Frankfurt-based startup that offers a mobile, biometric core banking system to microfinance institutions in sub-Saharan Africa. The company’s platform is affordable, easy-to-use, and platform independent, making it an ideal solution for microfinance institutions in the region.

Serving the Underserved

awamo’s mission is to serve the underserved by providing affordable and accessible financial services to people who would otherwise have limited access to them. The company’s platform is designed to make it easy for microfinance institutions to serve their customers and improve their business operations.

awamo’s platform is particularly valuable in sub-Saharan Africa, where many people are excluded from traditional banking services. The company’s platform is designed to be accessible to people who may not have access to traditional banking services, making it an ideal solution for the region.

Connecting 300+ Institutions

awamo’s platform is already being used by more than 300 microfinance institutions serving more than 450,000 consumers in Uganda and Kenya. Month-over-month, more than 150,000 transactions are being processed, moving more than 7 million EUR through the platform.

Going forward, awamo aims to connect even more microfinance institutions to its platform, helping to bring financial services to even more people in the region. The company also plans to enable microfinance institutions to sell partner products and services, generating additional revenue and fostering local economic growth.

A Bright Future for awamo

awamo is a startup to watch in the mobile banking and microfinance space. The company’s innovative platform is designed to make financial services more accessible and affordable to people who would otherwise have limited access to them.

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As the microfinance sector in sub-Saharan Africa continues to grow, awamo is well-positioned to capitalize on this trend. The company’s platform is already being used by more than 300 microfinance institutions, and with plans to connect even more institutions, awamo is poised for continued growth and success in the years to come.





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