More
    HomeNewsGermany Based MCF, Awamo Expanding to Uganda

    Germany Based MCF, Awamo Expanding to Uganda

    Published on

    spot_img

    Awamo, a Germany-based micro-finance management solutions provider, has raised about $550,000 in its Series A round and is launching in Africa.

    The company announced this earlier today while indicating that the fund will enable it launch its mobile, biometric solution for microfinance lenders in Africa. The company further indicated that it will use the fund raised to advance its product prototype into a fully-fledged solution which it will roll out in selected regions of Uganda..

    “Awamo’s solution simplifies the credit management process from A to Z and provides microfinance lenders with a professional credit risk management solution,” the company stated. “This empowers millions of people to create their own micro-businesses, thus stimulating sustainable, regional economic and social development.”

    The company will also look into the product scalability and onboarding more customers through the implementation of feedbacks.

    Awamo offers mobile, cloud-based, hard and software solution for microfinance lenders in emerging markets.

    Latest articles

    Stingy Bobi Wine Gifts His Compatriot Joel Senyonyi 10K

    The tightfistedness of Bobi Wine has been talked about by his mates but it...

    Police Issues Guidelines for Nyenge Nyege Festival

    The Uganda Police and other Security Agencies have issued guidelines to be followed for...

    Top 10 Reasons why you should Self-drive in Uganda

    Dubbed the pearl of Africa - Uganda, like the name suggests is a prime...

    Police Link Sipapa’s Fingerprints & DNA to Other 12 Crime Scenes

    Police forensic experts have linked fingerprints of the famous also called Sipapa to other...

    More like this

    Stingy Bobi Wine Gifts His Compatriot Joel Senyonyi 10K

    The tightfistedness of Bobi Wine has been talked about by his mates but it...

    Police Issues Guidelines for Nyenge Nyege Festival

    The Uganda Police and other Security Agencies have issued guidelines to be followed for...

    Top 10 Reasons why you should Self-drive in Uganda

    Dubbed the pearl of Africa - Uganda, like the name suggests is a prime...