List Of Fintechs In Uganda
FinTechs are companies that utilise technology to provide financial services. Globally, there are now over 4,000 FinTechs operating across all areas of the financial services sector. FinTech holds great potential for both financial inclusion and economic development in a wider sense.
List Of Fintechs In Uganda
Full list of Fintech companies
1) DusuPay
DusuPay is a global payment gateway focused on international companies expanding to Africa. It was founded in Uganda but has quickly expanded to now 9 countries across Africa as of 2020. Its strength is in serving Forex, Gaming and Money remittance companies from Europe that intend to collect payments from local payment options in Africa like MPESA, MTN mobile money and online Banking.
The company services merchants like XM.com processing over $250 million on behalf of their clients every year from all over Africa
Countries of operation: Uganda, Nigeria, Kenya, South Africa, Tanzania, Rwanda, Burundi, South Sudan, Ghana, Cameroon
Company contacts:
Website: dusupay.com
Sales: sales@dusupay.com
Customer Support: customersupport@dusupay.com
Introductory Video Below:
2) Eversend
Eversend is a fintech company based out of Uganda with alternative presence in Paris, France. They recently raised a little over $1 million in a crowd funding campaign completed earlier this year. They have branded themselves a neobank for Africans, anywhere in the world. Picking a model from N26, they plan on creating an alternative bank built for the internet. They plan on taking on the Banking system as a whole to make banking cheaper.
They recently got a license from Uganda’s Central bank to enable them lend money among other services like money transfers that they are already offering.
Website: eversend.co
Twitter: https://twitter.com/eversendapp
3) Xente
Xente is creating an ecosystem of utilities payments. They provide an ecosystem to facilitate paying for utilities and more. They focus on shopping and payments at their core
Website: Xente – Mobile Shopping | Pay now, Pay later, Pay installments
4) Swipe2pay
The company is focused on the Point of Sale (for retailers) as its core advantage. They provide a range of services targeting small retailers in Uganda
5) Beyonic
Beyonic was founded from right here in Uganda. It has quickly grown to become one of the largest players in mobile transactions focusing exclusively on local mobile money disbursements from NGO’s and other organizations.
It was recently bought out by MFS Africa, the Africa money transfer conglomerate from the UK in an undisclosed deal
6) Yo Uganda
You Uganda is one of the old guards in payments in Uganda. They were one of the first companies to secure a deal of integration with MTN given that the founder was a former MTN employee. They provide integrations to banks enabling easy top up and withdraw from Banks to mobile money.
7) Chippercash
After recently raising $30 million from Jeff Bezos and other investors, the company is set to make its name. The company now does over 80,000 transactions a day and boosts around 3 million users using its apps.
What is Fintech application?
The synergy between finance and technology that is used to enhance business operations and the delivery of financial services.
What are the best FinTechs?
Top Fintech Companies
- Clyde.
- Digit.
- Flywire.
- IHS Markit Digital.
- MANTL.
- Remitly.
- Riskified.
- Spring Labs.