Timothy Musoke Digitizes Lending Processes

By : Melchior Koba

Date : mercredi, 02 octobre 2024 10:22

Passionate about solving global challenges, he develops technological solutions with a strong focus on underserved populations in developing countries.

Timothy Musoke (photo) is a Ugandan computer engineer and entrepreneur. He is the co-founder and CEO of Laboremus Uganda, a startup that promotes financial inclusion in Africa.

Founded in 2013, Laboremus Uganda provides infrastructure to financial institutions, helping banks and fintech companies accelerate financial inclusion in sub-Saharan Africa by improving access to credit for everyone. The company offers financial service providers data and tools to process loans more quickly and at a lower cost by digitizing the loan process either partially or fully.

"We started Laboremus to build complex and user-friendly software for Ugandans, in Uganda," says Timothy Musoke. "McKinsey ranks Africa amongst the fastest growing and most profitable banking markets globally. We are working on digitising this market to make credit accessible to everyone," he adds.

Musoke is also the co-founder and advisor at Emeta, a licensed microfinance institution founded in 2017, which is transforming access to financing for smallholder farmers in Africa. Emeta provides loans that enable farmers to invest in their farms and increase their incomes.

Timothy Musoke holds a bachelor's degree in software engineering from Franklin University in the United States. From 2016 to 2020, he served on the board of Fontes Foundation, a Norwegian NGO providing community development services to disadvantaged populations.

Melchior Koba

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