Fingo is a digital bank built for young Africans, by young Africans with a founding team of 20 somethings born and raised on the continent.
Our mission is to empower our youth to create a wealthier Africa with distinctly designed financial products. Fingo has partnered with Ecobank, the largest footprint bank in Africa, providing Fingo market access to Ecobank’s 33+ markets. Fingo and Ecobank are planning a pan-African roll out beginning in Kenya where they are the first digital-only bank in the country.
Youth in Africa struggle to access financial services - taking anywhere from 48 hours to 2 weeks to open an account, with multiple in-person interactions and requirements to bring physical paper documents. In addition consumers, spend anywhere from 6-10% to send money to friends, loved ones or businesses, with additional fees on top to simply maintain their accounts. Youth who need access to additional services like savings, insurance and credit are required to open accounts at multiple institutions with just as tedious onboarding processes.
Africa has a median age of just 18, the youngest and fastest growing continent in the world. By 2050 ⅓ of the world's young people (under 35) will reside in Africa and yet traditional institutions continue to exclude this demographic.
Fingo allows users to download the ‘Fingo Africa’ app and receive access to a bank account in under 5 minutes, paired with free peer-to-peer transactions and immediate access to multiple services such as savings, financial education and smart spending analytics.
Multi-country
Fingo Africa Official Launch
100K Open Accounts
5K Open Accounts
Y-Combinator
Partnership with Ecobank
Fingo was co-founded by Kiiru Muhoya, James da Costa, Ian Njuguna and Gitari Tirima. They are joined in the leadership team by Judith Bogonko, a seasoned executive who left one of East Africa’s biggest insurers to join Fingo, and Pol Mas, former design and product lead at SafeBoda.