Kiiru Muhoya Democratizes Finance for Youth Across Africa

By : Melchior Koba

Date : mercredi, 15 janvier 2025 09:10

As an entrepreneur, he is actively dedicated to advancing financial inclusion across Africa, with a specific emphasis on empowering young people. He utilizes technology to achieve this objective.

Kiiru Muhoya (photo) is a Kenyan entrepreneur and tech innovator specializing in the financial sector. He is the co-founder and CEO of Fingo Africa, a fintech startup developing a pan-African neobank tailored for the continent's youth.

Founded in 2020, Fingo Africa is a digital bank designed to meet the needs of young Africans. Its mission is to empower this generation to contribute to a more prosperous Africa through accessible financial tools. The platform enables users to manage daily expenses, set savings goals, and plan for their financial future. Through its partnership with Ecobank, Fingo Africa benefits from the bank's presence in 33 countries across the continent, accelerating its expansion.

Fingo allows users to download the ‘Fingo Africa’ app and receive access to a bank account in under 5 minutes, paired with free peer-to-peer transactions and immediate access to multiple services such as savings, financial education and smart spending analytics,” according to the company’s website.

The startup also offers FingoPay, a comprehensive solution designed to meet the needs of both small and large businesses. This service incorporates advanced analytics tools, providing entrepreneurs with real-time insights into their business performance.

Before launching Fingo Africa, Kiiru Muhoya founded Build for Kenya in 2016, a social enterprise focused on developing affordable housing.

A graduate of the University of Warwick in England, Muhoya holds a bachelor's degree in philosophy, politics, and economics. He also served as President of the Warwick Africa Summit and worked as Executive Assistant to the CEO of Acorn, a Kenyan real estate company, between 2019 and 2020.

By Melchior Koba

Editing by Sèna D. B. de Sodji

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