The fintech segment is flourishing across Africa, with numerous African tech entrepreneurs striving to provide top-notch services in this sector. This drive has led to a proliferation of diverse fintech solutions.

Mukuru is a fintech solution developed by a South African startup and founded in 2004. It enables South Africans living in the country and the UK to send money anywhere in the world. 

"With more and more digital access points over USSD, WhatsApp, and the Mukuru App, for instance, customers are becoming increasingly comfortable with things like self-sign up, including digital KYC and onboarding, which is not only raising our brand presence but is shifting customers that much closer to financial inclusion and higher levels of financial transaction sophistication," said Mukuru CEO, Andy Jury, in 2020.

The solution features a mobile app accessible on iOS, Huawei, and Android. After downloading the application, users can register for their Mukuru accounts with their personal details and access its services, including sending and receiving funds, making online transactions, requesting a Mukuru card, etc...  

Thanks to Mukuru, users can send funds via WhatsApp or by dialing a USSD code. The solution aims to reach as many people as possible. In addition to the services listed above, the startup enables users to subscribe to a funeral cover service –A service where users contribute towards a lump sum payment to beneficiaries in the event of one’s death. 

The fintech wants to expand to more countries, starting with Southern Africa. Since its launch, the Android version of its mobile application has already been downloaded more than 100,000 times, according to Play Store data.

Adoni Conrad Quenum