back Back

3 FinTech platforms providing personal finance and literacy in Africa

By Delisha Fernandes

April 27, 2023

  • 22Seven
  • Africa
  • Branch
Share

personal finance, wealth anagement, direct mutual funds, India, Edil Corneille, Zerodha, Paytm Money, Kuvera, ETMoneyFinancial technology (Fintech) has transformed how individuals access and manage financial services worldwide. The world bank report states nearly 2 billion individuals still do not have a basic transaction account in Africa. In such a scenario, personal finance has emerged as a key driver of financial inclusion, allowing individuals previously excluded from traditional banking services to access convenient and affordable financial products and services.

April is marked as the financial literacy month. Financial literacy refers to understanding and applying various financial skills, including personal financial management. It helps people become self-sufficient so that financial stability can be accomplished.

Here are 3 FinTech platforms providing financial literacy in Africa:

Branch is a digital lending platform that provides loans to individuals and small businesses in Kenya, Nigeria, Tanzania, and Mexico. It uses machine learning algorithms to analyse the creditworthiness of its users and offer them loans within minutes of applying. It also provides financial education resources to its users to improve their financial literacy.

Piggybank is a platform aimed at offering financial services to individuals. The team consist of professionals and experts from various fields, dedicated to providing informative content to users in different categories such as personal finance, investment, budgeting, savings, and more.

22Seven is a platform that makes monitoring your income and expenses simple and fun. Individuals receive an automatically personalized budget breakdown and detailed daily, weekly, and monthly spending overview. Users can even invest money in this app at a tax-free rate online.

Also read: Wealth Management & Private Banking Systems Report Q2 2024

Previous Article

April 27, 2023

Quadient adds new Cash Application Module to AR automation solution

Read More
Next Article

April 27, 2023

Younited selects Tink to expand instant credit offering in Europe

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

22Seven

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Airwallex obtains AFSL for expansion into retail investment offering

Read More

Today

The Weekly Wrap: all you need to know by Friday COB | July 18th

Read More

July 18, 2024

DIFISOFT & Quantit develop AI-based financial solutions in Southeast Asia

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024