FinTech news in Mobile category

Today, the startup has also partnered with Standard Bank, headquartered in Johannesburg, South Africa and with a presence in 20 countries across the continent, to offer financial services to millions of workers (like motorcycle taxi operators) in the informal sector through the startup’s proprietary digital loan origination system.

The Koko Club products, displayed in designated spaces within the agents’ small shops, will only be sold to registered Koko Club members. Koko Club, its new business line, is selling the products directly to consumers through the dukas (small shops) that currently serve as the company agents for its bio-ethanol cooking fuel and stoves. The shop owners (agents) are using Koko’s PoS system to sign up customers, capturing their biodata, and issuing them with an electronic card that they will use when buying products from any Koko Club shop.