Let me congratulate AjoMoney for a small fundraise as it begins a new round. Tekedia Capital led its pre-seed. They are growing very fast and now support 12,000 users at a total of US$750,000 in GTV in just months of launch.
Founded by Ibrahim Adepoju and Chineye Ochem ACA, CFE, MBA, AjoMoney offers APIs and technologies to consumer-, mobile agent-, cooperative- and developer-platforms. They digitized Africa’s centuries-old rotating savings and credit associations (ROSCAs), making it possible for people to access zero or low interest credit when they collectively save and invest money.
Yes, buddies pull funds together and rotate who takes turns over months. Today, AjoMoney has technology to help you manage that, from two friends to cooperatives to a village, and beyond. Disrupt has a nice piece on AjoMoney.