Togo: Fintou Makes Crowdfunding Accessible with Its Web Platform

By : Adoni Conrad Quenum

Date : lundi, 22 juillet 2024 10:08

Inspired by the idea of "Finance for All," Fintou was founded by two tech entrepreneurs to empower entrepreneurs.

Fintou is a fintech solution developed by a Togolese startup that enables users to create and launch crowdfunding campaigns. Founded in 2022 by Kokou Nouvor and Fandam Tahalgbanti, the startup is based in Lomé.

"Fintou was born out of a need for financing to realize a business idea. During our search for funding, we discovered crowdfunding, an alternative financing method that mobilizes interested individuals to finance a project. This inspired us to create a similar platform and test the concept," the founders explained told Togo First.

The solution is accessed through a web browser, as there is no mobile app available. Users can create an account by clicking the "Start" button and entering their information. The startup verifies this information before validating the account. Once verified, users can launch funding campaigns for various projects, set up funds for birthdays or weddings, or organize donations.

"Depending on your project, invite close acquaintances to participate, then expand to your broader network and share the project on social media and with the general public. Regularly update your fundraising page to keep contributors informed," the startup advises.

To facilitate fund collection, Fintou integrates mobile money and bank card options. The fintech offers three subscription plans: free, pro, and expert. The free plan allows collections up to XOF3 million (approximately $5,000). The pro subscription costs XOF20,000, while the expert plan requires a specific request to the startup for pricing details.

Adoni Conrad Quenum

 

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