Bringing the power of data to cooperatives
Cooperatives working for decades have become a data mine. They have recorded and managed huge amounts of data such as contributions, loans, shares, income, account balances etc. This data, if...
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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Testimonials
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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
Insights and Blogs
5 effective ways to boost SACCO membership growth
Savings and credit cooperatives (SACCOs) are member-driven organizations that offer members savings, investments and credit facilities to generate revenue. As they operate, they promote a culture of...
Wakandi joins hands with Sanlam to launch life insurance in Uganda
We are excited to announce that Wakandi and Sanlam Life Insurance (U) Ltd. have come under a strategic partnership to launch the life insurance service for cooperative societies in Uganda.