The startup's name, "Kuringo," draws inspiration from the Mandinka word for cawry shells that once served as currency across various regions of Africa.
Kuringo, a digital money transfer service founded in 2020 by Muhammad Jagana, offers Gambians a convenient and affordable way to send funds internationally. The Kanifing-based startup aims to boost financial inclusion in West Africa by simplifying remittances to various African and European countries.
"Kuringo is driven by the belief that financial services should be accessible and affordable for everyone," the startup explains. "Our commitment to financial inclusion and fostering sustainable growth in the communities we serve motivates us to continuously innovate and enhance our offerings."
Kuringo's umobile application, available on both iOS and Android platforms, has surpassed a thousand downloads on PlayStore. Users can create an account using their phone number and basic personal details. Once registered, they can add recipients for quick and easy money transfers.
The transfer process is straightforward: users add the recipient, enter the transfer amount, and provide identification. The transaction is then completed with a payment from a linked bank account, debit/credit card, or any other available local payment option.
Currently, Kuringo facilitates money transfers from The Gambia to several African nations, including Senegal, Ghana, Sierra Leone, and Guinea. In Europe, the fintech startup exclusively supports transfers to the United Kingdom at this time.
Adoni Conrad Quenum