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Accelerating the digital transformation of the informal economy

On the road to a technology-enabled financial world, Wakandi empowers cooperatives and MFIs to manage their finances as easily as sending a text message.

Digital financial system for cooperatives

The Wakandi app is designed to offer formal financial services to cooperatives and microfinance institutions in Africa. It helps them to digitize savings and loan management, making their daily operations accurate, safe and quick.


Aligning our work with UN’s Global Goals

Wakandi is working towards becoming a global leader in creating equal financial opportunities. On the road to achieving this, we recognise we have a responsibility to take into account the impact our business has and can have.

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  • Since implementing Wakandi, we've witnessed a significant positive change. Transparency is now by design, providing our members with a sense of security. Just this morning, I approved three loans without any hassle. Our SACCOS' rapid growth is largely due to the digital system. In fact, it has become our main recruiting tool. Previously, we could only process two to three loans per month, involving cumbersome check writing and multiple signatories. But now, with a fully digital process, we effortlessly handle loan volumes ten times larger than before.
    Calvince Okumu
    Chairperson, Naiwest Boda Transport Co-operative Society Limited
  • EY is assisting Wakandi in assessing tax, legal, and strategy aspects in addition to having built the global part of the company with an accumulative structure and government.
    Magnus Jones
    Nordic Blockchain Lead, EY Tax &Law
  • The system is well-developed and functioning. It will help to analyse financial performance of the SACCOS and rectify identified anomalies.
    Josephat Damas Kisamatala
    Assistant Registrar, TCDC

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