Tyms Africa (AjoMoney)

AjoMoney is a digital platform that digitizes the centuries-aged rotating savings and credit associations in Africa to promote financial inclusion.With the growing poverty rate and inflation in Africa, AjoMoney sees potential in community financing, where people can collective save, invest and access interest-free credit together. With an $86 billion available market and $3.3billion market share, AjoMoney, since its beta launch in September 2021 has processed about $450,000 in grand transaction volume and onboarded about 9,000 users with over 5,000 users actively paying. All this was achieved at a 0% marketing budget.