Kenya - Startup under 3 years old

Décrivez votre projet en quelques mots

Jumuisha Limited is a pioneering B2B/B2B2C platform delivering essential financial services to underserved populations across Africa by leveraging trusted community networks, particularly churches, to deliver essential financial services.

01.01 Décrivez votre startup en détail

Our fintech startup, Jumuisha, offers an innovative digital platform providing financial services to underserved African communities through trusted religious networks like Churches, Mosques and others. The Jumuisha Wallet enables seamless digital transactions for religious institutions and congregants. We also offer embedded financial services such as insurance, short-term loans, and savings plans, tailored for congregants through our partners. Additionally, Jumuisha supports religious institutions with tools for donation management, member engagement, and event planning. Leveraging the reach of religious communities, we enhance financial inclusion, foster trust, and empower local economies. Since launching, we’ve partnered with hundreds of institutions, reaching thousands of users and processing substantial transactions, demonstrating scalability and trust. Our mission aligns with Africa’s digital economy, positioning Jumuisha as a catalyst for socioeconomic development.

01.02 Quel est le problème principal que vous essayez de résoudre ?

Jumuisha addresses financial exclusion prevalent in underserved African communities by leveraging the trusted networks of religious institutions which are widely spread across the continent. Our digital platform, our wallet, addresses financial transparency, enabling seamless transactions and offering tailored financial services like insurance and loans to congregants. Unlike traditional banking, we embed these services within the familiar environments of churches and mosques, fostering trust and accessibility. By facilitating donation management and member engagement tools, we empower religious institutions to better serve their communities. With multiple partnerships already established and significant transaction volumes processed, our scalable model demonstrates tangible impact. Jumuisha is not just a fintech startup, it is a socioeconomic catalyst, aligning with Africa's digital economy and unlocking the potential of local economies while providing access to financial products.

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service fourni par votre startup (au moins 3).

By working with religious institutions we are able to effectively reach rural and underserved populations, overcoming the barriers of distance and trust. This allows us to take advantage of the strong interest in transparency and economic empowerment these institutions have through the properly structured policies which ensure they are a point of social intervention for those who need access to services. Unlike traditional banking, we embed financial services within the familiar environments of religious institutions, fostering trust and accessibility. By facilitating donation management and member engagement tools, we empower religious institutions to better serve their communities. We offer financial solutions that are specifically made to cater to the needs of underserved communities. We have a significant advantage in efficiently solving difficulties related to financial inclusion because of our ability to customize and adapt our services to the specific needs of many.

01.04 Veuillez décrire précisément à qui s'adresse le produit/service de votre startup. Quels sont les bénéficiaires visés ?

Jumuisha targets underserved African communities, focusing on religious networks like Churches, Mosques and others. Our target audience includes Religious institutions and their congregants. We target religious institutions with a strong interest in transparency and economic empowerment having properly structured policies to ensure they are a point of social intervention for those who need access to services. We also target congregants through our digital platforms with high engagement, to deliver embedded financial services on a trust based environment from a network of carefully vettedwh partners, who they otherwise may not have had access to or trust. Our captive market in Kenya is large with an estimated number of more than 500,000 religious institutions and the situation is replicated across Africa, making our solution one that is ready for scale across the continent.

01.05 Quand votre entreprise a-t-elle été créée ?

14/07/2021

01.06 Vendez-vous déjà votre produit/service ?

Oui

01.07 Combien y a-t-il de propriétaires de votre entreprise en plus de vous ?

3

01.08 Parmi les autres propriétaires, combien sont des femmes ?

0

01.09 Veuillez décrire le profil des autres propriétaires de votre startup (compétences, expérience, etc.).

Edwin Inganji, our CEO, brings a strong technology background and 8 years of leadership experience. He is adept at setting the company's vision and ensuring smooth day-to-day operations, maintaining a strategic focus on achieving our goals with efficiency and effectiveness. James Chege: current CMO with a technology background and over 8 years of marketing experience. His expertise in customer acquisition and management, coupled with his deep understanding of technology, makes him exceptionally qualified for the role. He drives innovative marketing strategies to effectively grow the company's customer base. Marvin Makau: current CFO. Blends a technical background with over 8 years of financial expertise. His role encompasses comprehensive financial management across the company, guiding fiscal strategy and ensuring sound financial health. With his seasoned experience, he navigates complexities to optimize financial performance and drive sustainable growth.

01.10 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

https://jumuisha.com/

01.11 Quel est le secteur d'activité qui décrit le mieux votre entreprise ?

Technologies de l'information (services numériques, équipements et logiciels)

02.01.01 Ma startup contribue à l'objectif 'Pas de pauvreté'

7 - tout à fait d'accord

02.01.02 Justification de la contribution de ma startup

Jumuisha is dedicated to alleviating poverty by providing essential financial services such as microloans and savings accounts. Its mission is rooted in the belief that access to financial services is a fundamental human right. Jumuisha envisions a world where everyone, regardless of socio-economic status, can achieve financial independence and security. By offering tailored financial products and services, Jumuisha bridges the gap between the financially excluded and the formal financial system. Microloans are central to Jumuisha’s efforts, supporting entrepreneurial ventures, particularly those initiated by women and marginalized groups. These small-scale loans enable individuals to invest in income-generating activities, fostering local economic growth and creating employment opportunities. The ripple effect of these microloans extends beyond individual borrowers, uplifting entire communities out of poverty.

02.02.01 Ma startup contribue à l'objectif 'Faim Zéro'

1 - pas du tout d'accord

02.02.02 Justification de la contribution de ma startup

02.03.01 Ma startup contribue à l'objectif 'Bonne Santé et Bien Être'

1 - pas du tout d'accord

02.03.02 Justification de la contribution de ma startup

02.04.01 Ma startup contribue à l'objectif 'Éducation de Qualité'

1 - pas du tout d'accord

02.04.02 Justification de la contribution de ma startup

02.05.01 Ma startup contribue à l'objectif 'Égalité entre les Sexes'

1 - pas du tout d'accord

02.05.02 Justification de la contribution de ma startup

02.06.01 Ma startup contribue à l'objectif 'Eau Propre et Assainissement'

1 - pas du tout d'accord

02.06.02 Justification de la contribution de ma startup

02.07.01 Ma startup contribue à l'objectif 'Énergie Propre et Abordable'

1 - pas du tout d'accord

02.07.02 Justification de la contribution de ma startup

02.08.01 Ma startup contribue à l'objectif 'Travail Décent et Croissance Économique'

6

02.08.02 Justification de la contribution de ma startup

Jumuisha's financial inclusion initiatives facilitate economic activities and entrepreneurship, contributing to sustained, inclusive, and sustainable economic growth and productive employment. By offering savings accounts designed for low-income individuals, these accounts promote financial stability by allowing people to accumulate funds for future needs and emergencies. Jumuisha's savings programs are accessible and user-friendly, encouraging a culture of saving and helping clients develop financial discipline and long-term planning skills. Savings accounts help individuals build a financial cushion, which is crucial for managing unexpected expenses and ensuring long-term financial security thus eventually leading to economic growth.

02.09.01 Ma startup contribue à l'objectif 'Industrie, Innovation et Infrastructure'

1 - pas du tout d'accord

02.09.02 Justification de la contribution de ma startup

Jumuisha leverages technology to provide innovative financial solutions, improving infrastructure and fostering innovation in underserved areas.

02.10.01 Ma startup contribue à l'objectif 'Réduction des Inégalités'

3

02.10.02 Justification de la contribution de ma startup

02.11.01 Ma startup contribue à l'objectif 'Villes et Communautés Durables'

3

02.11.02 Justification de la contribution de ma startup

02.12.01 Ma startup contribue à l'objectif 'Consommation et Production Responsables'

1 - pas du tout d'accord

02.12.02 Justification de la contribution de ma startup

02.13.01 Ma startup contribue à l'objectif 'Lutte contre les Changements Climatiques'

1 - pas du tout d'accord

02.13.02 Justification de la contribution de ma startup

02.14.01 Ma startup contribue à l'objectif 'Vie Sous-Marine'

1 - pas du tout d'accord

02.14.02 Justification de la contribution de ma startup

02.15.01 Ma startup contribue à l'objectif 'Vie Terrestre'

1 -pas du tout d'accord

02.15.02 Justification de la contribution de ma startup

02.16.01 Ma startup contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

1 - pas du tout d'accord

02.16.02 Justification de la contribution de ma startup

02.17.01 Ma startup contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

1 - pas du tout d'accord

02.17.02 Justification de la contribution de ma startup

06.01 Un grand nombre de clients utilisent déjà un produit/service très similaire au nôtre.

4

06.02 Notre produit/service représente un type de produit/service entièrement nouveau

4

06.03 Notre produit/service pourrait être décrit comme une nouvelle technologie

4

06.04 Notre produit/service est une amélioration d'un produit ou d'un service existant

5

06.05 Notre produit/service pourrait être décrit comme une extension d'une gamme de produits ou de services

7 - Tout à fait d'accord

06.06 Notre produit/service répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

4

06.07 Notre produit/service est une nouvelle version d'un ancien produit/service

3

06.08 Justification

Jumuisha stands out with its unique community-driven approach, leveraging trusted networks within religious institutions to provide financial services. This strategy fosters trust and acceptance where traditional banks struggle to reach, enhancing user involvement and engagement. Our tailored financial solutions cater specifically to the needs of these communities, offering services like loans, savings, and mobile payments. .Our sustainable revenue model ensures long-term viability and scalability through multiple streams, including commissions, subscription fees, and transaction fees. This approach not only supports financial stability but also facilitates continuous investment in improving user experience and expanding our footprint across Kenya. Jumuisha's integration within community frameworks and commitment to customized financial solutions underscore our role as a catalyst for economic empowerment and inclusive growth in the region.

06.09 Analyse compétitive

Some of our competitors include Asoriba, Edisciples, Kanisa App. What makes us stand out from them: Community-Driven Financial Services: Jumuisha's unique community-based strategy fosters trust and acceptance in underserved rural areas where traditional banks struggle to reach by utilizing trusted networks within churches and other organizations to provide financial services. Our extensive integration with community frameworks distinguishes us from rivals and increases user involvement. Tailored Financial Solutions: We offer financial solutions that are specifically made to cater to the needs of underserved communities, including loans, savings, and mobile payments. We have a significant advantage in efficiently solving difficulties related to financial inclusion because of our ability to customize and adapt our services to the specific needs of various communities.

11.05 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?