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Wakandi - An investment opportunity with a purpose.

We belive we have found the sweet spot between building shareholder value and value for the communities we serve. This is a key concept in whatever we do in Wakandi. Join us on our mission to build the next Unicorn out of Norway (Valuation of $1B or more)!
 

Wakandi introduction video for investors

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Espen Kvelland - CEO

Wakandi is a Norwegian fintech company that has developed a unique IT platform tailored for the informal economy. We have successfully launched our product in three African countries through our wholly-owned subsidiaries. Our team consists of around 140 skilled employees spread across five countries.
Our business model is simple: the platform connects banks, insurance companies, and other partners with the segment of the population that does not use formal banking services. This unique position has driven impressive growth over the past year. Currently, we have over 100,000 users ready to go live, and strategic contracts that will expand our reach to millions more. We already handle thousands of transactions each month (approximately 130,000 in May).
We are currently in the pre-Series A stage. We began generating revenue in April 2024, with about 15,000 active users on the platform that month. The feedback we receive from banking partners, users, customers, governments, and others is overwhelmingly positive!

Key Highlights:

  • Strong Market Potential: The informal economy in Africa represents a significant market with millions of individuals outside the formal economy, and we have a unique approach to engaging them.
  • Unique Position: Our role as a middleman makes it easy to continuously build added value on top of our existing platform, which will generate additional revenue for the company.
  • Proven Ability to Scale: Successful launches in three countries demonstrate our ability to scale and adapt to diverse markets.
  • Strategic Partnerships: We have established key partnerships with leading banks, payment processors, and insurance companies, enhancing our credibility and market reach.
  • Own Payment Facilitator License: We are the only non-African/Indian company to have received licenses to conduct our business from the central banks in Kenya and Tanzania!
We are offering an investment opportunity through a convertible loan with favorable terms. So far, we have subscribed $5.8 million and are seeking an additional $4 million on the same terms. This investment will enable us to accelerate our growth towards Series A, expand our user base, and enhance the platform's features.
Our goal is to complete a Series A in Q1 with a target valuation of $70 million. In the longer term, this company has a strong opportunity to become a so-called unicorn (valued at over $1 billion).
For more information, please watch the introductory video below or review the attached presentation.

The challenge with the current system

The challenge with the current system
For administrators
  • Poor record keeping with massive paperwork
  • Tedious calculation of interest and capital pay-outs
  • Difficult to generate reports to meet compliances
  • Lack of proper governance

For members
  • No overview of account balance and transactions
  • Long commuting hours to make transactions
  • Risk of fraud and robbery due to cash handling
  • Lack of financial history

The solution: Wakandi App  

Wakandi is a financial management system that helps cooperatives manage loans, keep transaction records, create reports, and perform day-to-day operations more effectively. It also helps members to check their balance and make payments anytime, anywhere.

Wakandi is developed in close collaboration with financial groups and apex organizations in Africa to offer features that speak directly to the needs of the cooperatives.

  • Digital management of savings, loans, and shares
  • Automated regulatory reports for compliance
  • Automated calculations and reports
  • Extensive teller functionality

 

Wakandi Features

CAMS SCREEN

Thoughts behind Wakandi

Espen Kvelland

Espen Kvelland
CEO

“When I founded Wakandi, it was with a dream of touching lives of millions of people. The guidance and feedback we got on the ground in African countries during the development phase were critical to reaching the product launch. It’s with all humbleness we now start our journey, not only by empowering people with modern IT solutions but also by improving their access to fair financial products and services.”

Terje Width
COO

“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 DLT, 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
Terje Width

Terje Width
COO

“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 DLT, there is a unique opportunity to enhance financial inclusion by making financial services available, accessible and affordable to all segments of the population.”

Testimonials

  • The system is well developed and functioning. It will help to analyse financial performance of the SACCOs and rectify identified anomalies.
    Josephat Damas Kisamalala
    Assistant Registrar, TCDC
  • Credit and Savings cooperative unions keep offering a huge opportunity to all Tanzanians in accessing different financial services that are user friendly and cost effective hence giving them an opportunity to fulfill their financial and social goals. Our direction now is improvement of the services offered by using a good and safe technological system to give members an opportunity to continue enjoying improved services that are life-changing.
    Hassani S. Mnyone
    Executive Secretary & CEO, SCCULT
  • 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
  • Wakandi has a tremendous impact potential in terms of contributing to a broader and deeper access to credit for small and medium-sized enterprises (SMEs) in developing countries. Wakandi has a significant opportunity in measuring the direct effect on the SMEs to track their progress towards realizing this potential.
    Søren Schou
    Impact Measurement Expert, Mastercard Massiv Lighthouse
  • Wakandi will help SACCOS in the country ensuring that they manage daily activities digitally as we know the world is moving towards technological transformation so cooperatives in the country also have the responsibility of using technology as the solution to improve the efficiency of their daily activities especially when they encounter challenges.
    Alex Ndikilie
    Executive Officer TFC
  • 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

Insights and Blogs
Africa
Wakandi and Mastercard Signs 5-Years partnership

Nairobi, May 13, 2025 -What began as a small fintech idea in Norway has now become a strategic force across East Africa’s informal financial landscape. Today, we’re proud to announce one of the most...