< Go back

Enabling informal traders in Africa to digitize and grow their business.

PROBLEM

In Sub-Saharan Africa, 80% of the economy is informal, which represents 150 million of small and medium-sized businesses. 90% of informal traders use pen and paper to run their business. The lack of consolidated business data excludes them from formal financial services.This financial exclusion limits the ability for the region to achieve sustainable economic growth.

SOLUTION

A digital tool to facilitate informal traders’ transition to digital. Asilimia is a fintech startup that empowers African small businesses by giving them a very simple and intuitive digital tool to manage their business via their mobile phone. They can record all their business transactions, pay their suppliers while saving 90% of their monthly transaction fees, and access financial services to be more resilient. Asilimia aims at building the first operating system for informal businesses in Africa.




Sector:

Finance

Customer:

B2B

Founding year:

2019

Geography:

Kenya

Website:

Click here

TEAM

Tekwane Mwendwa: CEO
Tekwane is a serial entrepreneur with ten years experience in capital mobilization, team acquisition,business development and revenue generation.

Morgane Kablan: COO, in charge of operational tasks and fundraising
Morgane holds a Master degree in social entrepreneurship and experience in impact investing as well as working with SRI funds at BNP Paribas Asset Management.

Mark Ochieng, CTO: managing product development
Mark is an experienced software developer, with previous experience in the betting industry and building infrastructure to handle large numbers of financial transactions.

THE SELECTED STARTUPS

2021

Sensegrass

Read more
Focus area
Toxic agricultural waste
2021

Nash

Read more
Focus area
Payments infrastructure
2021

Agrowfi

Read more
Focus area
Wage gaps
2021

Wala Health

Read more
Focus area
Blood Shortages
2021

CemVision

Read more
Focus area
Unsustainable building materials
2021

Kwara

Read more
Focus area
Unbanked populations
2021

Molecular Attraction

Read more
Focus area
Mosquito-borne diseases
2021

My Pick

Read more
Focus area
Healthcare staffing

Complete Farmer

Read more
Focus area
Broken agriculture system
Focus area
Child literacy

Asilimia

Read more
Focus area
Small business financing

Arnie Impact

Read more
Focus area
Unsustainable investing

Xilinat

Read more
Focus area
Diabetes & obesity rates

Wellahealth

Read more
Focus area
Access to healthcare

PesaChoice

Read more
Focus area
Access to capital

Africa AI Labs

Read more
Focus area
Digital upskilling

Cling Systems

Read more
Focus area
Battery sustainability
Focus area
Food waste

Gradely

Read more
Focus area
Access to quality education

CRIB MD

Read more
Focus area
Healthcare exclusion
No items found.
Clear Filters