GSMA Innovation Fund Start-Ups: Ensibuuko

Tuesday 15 Nov 2022 | Connected Society | English | Innovation fund and grants | Innovation Fund Video List | Mobile access and use | Sub-Saharan Africa | Uganda | Video |

Rural customers, particularly women, are often excluded from mainstream financial services. Savings groups tend to rely on paper record-keeping and operate on traditional, non-digital systems that are unconnected to the larger financial ecosystem. Savings groups need to utilise digital solutions to advance the financial inclusion of the communities they serve, but a lack of knowledge about relevant digital products and services and the skills required to use them are major barriers for rural customers to adopt internet services.

Ensibuuko’s mission is to drive financial inclusion by growing the developing world’s digital financial infrastructure. They deploy technology solutions to community-based savings and loans organisations so they can efficiently reach and serve unbanked and underserved communities in Africa with affordable and relevant financial services.

Ensibuuko is one of the start-ups supported by the GSMA Innovation Fund for Mobile Internet Adoption and Digital Inclusion, which was launched in April 2020. It is funded by the UK Foreign, Commonwealth & Development Office (FCDO), and supported by the Deutsche Gesellschaft fȕr Internationale Zusammenarbeit (GIZ) GmbH, the GSMA and its members.

Learn more about the GSMA Innovation Fund here.

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