African populations are increasingly relying on fintech solutions to access financial services. From mobile money transfers and digital savings accounts to online loans, this Nigerian startup has taken steps to provide these services to underserved communities across the continent.

AwaCash is a fintech solution developed by a Nigerian startup. It allows users to make payments, transfer money, and manage their finances via a mobile application. The startup, based in Lagos, was founded in 2021 by Dayo Okunfolami, Bonaventure Igboanugo, and Oladele Dada.

AwaCash aims to simplify the lives of Nigerians by providing customized on-demand banking experiences and expanding its range of services in the dynamic fintech sector. "We understand the obstacles encountered by the average Nigerian in obtaining credit and efficiently managing their finances. Our primary objective is to streamline their lives by offering an on-demand banking experience that is tailor-made to meet their ever-evolving needs," said Dayo Okunfolami.

The solution features a mobile iOS and Android application, which has been downloaded over a thousand times from the PlayStore. Users can create an account in just a few clicks to access various services. Among other things, they can pay electricity bills and various subscriptions, buy airtime and mobile data, save money, access loans, and obtain virtual bank cards for online purchases.

In June 2024, the fintech was selected by the Nigeria Sovereign Investment Authority (NSIA) for its eponymous award. AwaCash will benefit from an acceleration program that includes a five-week training course at Draper University in Silicon Valley, USA.

Adoni Conrad Quenum