The tech enthusiast is a computer system and network administrator who graduated from ABCO Technology, an accredited Californian computer training academy. After years of experience in the U.S Tech environment, he decided to launch Zofi Cash, which provides instant salary advances to help Ugandans handle emergency needs.
Paul Kirungi (photo) is a Ugandan tech entrepreneur and the founder/CEO of Zofi Cash, a fintech startup that provides instant salary advances to employees.
The entrepreneur, based in the U.S. since 2012, founded Zofi Cash in 2020 to break the 30-day pay cycle in Africa. His solution allows employees to address their financial emergencies before payday with very low-interest rates without any collateral other than employers' approval.
"Zofi Cash is a financial services company focused on breaking the 30-day pay cycle. We seek to change the way employees or contractors get paid in this country and across Africa. That is why our salary advance service is now a market leader, and we haven’t stopped innovating. Our teams are intentional about the continuous improvement of the platform to allow more people to get paid daily," he said in an interview with entrepreneur ecosystem builder Innovation Village Uganda.
On January 31, 2023, Zofi Cash was selected, along with 13 others, to participate in the 2023 Africa Tech Summit (Feb 15-16) at the Sarit Expo Centre in Nairobi, Kenya.
Paul is an alumnus and ambassador of the Startup Africa Roadtrip, a non-profit organization supporting innovation in developing countries.
He entered the professional world in 2016, working as a systems support at Providence Hospital, in California. Months later, he joined Barkley Court Reporters as a system administrator. Thanks to Zofi Cash, he received the Next Generation Africa 2021 Best Fintech issued by Startup Africa Roadtrip.
Melchior Koba