Every year, 10 to 12 million youth enter the workforce in Africa. But only 3.1 million jobs are created, leaving a significant...
SACCOS and employment generation in Africa
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Accelerating the digital transformation of the informal economy
We are moving on a road to a technology-enabled financial world. Wakandi provides the opportunity to informal financial groups to manage their finances as easy as sending a text message.
Showcase of the month:
CAMS for SACCOS
CAMS, or the Credit Association Management System, is a digital financial system built on an advanced DLT-based infrastructure. It is designed to offer formal financial services through digitizing savings and loans management for thousands of informal financial groups in Africa. This release is specifically developed for informal financial groups in Tanzania, called SACCOS. These groups are referred to as Tier 3 in Tanzania.
High Security
Easy Management
Better Control
Backoffice
Effective management of admin-related tasks such as managing savings, approving or rejecting loans. Adding or removing members is easily accessible using the back office or management app.
The story of Wakandi
Wakandi was founded in 2018 with an aim to improve the way money and money transfers are handled in Africa. We were inspired by how technology and innovation can create a positive impact on millions of people.
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Aligning our work with UN’s Global Goals
With CAMS, we focus on bringing innovation to the informal sector and building a world that is more inclusive and digitally advanced.
Our Partners and Clients
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Partner with us on our journey to transform the informal economy
Testimonials
"EY is assisting Wakandi in relation to assessing tax, legal and strategy aspects. The project has the power and potential to change the payment industry by enabling banks in many countries to offer true open banking solutions. By connecting banks to the Wakandi network, next generation payment solutions might be developed in a modern and fast way."
Magnus Jones
Nordic Blockchain Lead, EY Tax & Law
"The Wakandi blockchain network allows us to integrate our existing services quickly and with ease, which is a game-changer. We were so impressed that we took it upon ourselves to sign up and be one among the first few companies on the network."
Magnus Mchunguzi
Executive Director, YellowDot Mobile SA (Pty) Ltd
"Enabling startups to take the advantages of DLT by integrating with our infrastructure will result in real-life applications of DLT that could disrupt the payment industry as we know it."
Stian Andreassen
Co-founder Ledgefarm / Wakandi Group
Thoughts behind Wakandi
“Our journey in Africa has lead us to some really interesting places, products, and not the least realised the vast opportunity space that exists here. To play a part of building an organisation such as Wakandi makes me humble and extremely proud. You realise even more that the only way to do it is by working together with a strong and dedicated team" - Karibu Wakandi
Espen Kvelland, CEO
“Africa is the future. The financial sector plays an important intermediation role in the economy of many Africans countries. By making remittance and other financial services easy, fast and secure through the use of Blockchain technology will help to build a strong African economy.”
Sele Mduda, KAM Africa
“Africa is the continent of great opportunities. Continuous strong economic growth has translated into shared prosperity and increased financial inclusion across the continent. By taking advantage of Blockchain technology, there is a unique opportunity to enhance financial inclusion by making financial services available, accessible and affordable to all segments of the population.”
Terje Width, COO
Insights and Blogs
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