9 years ago

AinFin Secures £200,000 in Seed Funding to Expand into Africa

  • AinFin, a UK-based banking service operating in challenging markets, has raised £200,000 in seed funding

  • The company, based at Level39, plans to use the funds to enter the African market starting with Uganda

  • AinFin provides Swifin, an e-money mobile product, and has partnered with pan-African bank Ecobank to roll out digital transaction services across the African continent.

      • ProblemFinancial Services

      "The problem AinFin is trying to solve is providing banking services in challenging markets, particularly in Africa, by offering a flexible and accessible e-money mobile product that is network agnostic, multi-channel, and cross-border."

      Solution

      "AinFin offers Swifin, an e-money mobile product that allows for the flexible design of financial instruments, in collaboration with regulated financial institutions and local banking partners, to provide banking services in challenging markets."

      Covered on