Overview
Wakandi Group AS is a Norwegian fintech company founded in 2018, headquartered in Skien, Norway. The company specializes in developing digital financial infrastructure aimed at transforming the informal economy in Africa. Its flagship product, the Wakandi App, is designed to digitize savings and loan management for cooperatives and microfinance institutions (MFIs), enhancing transparency, security, and efficiency in financial operations.
Wakandi operates in several African countries, including Tanzania, Kenya, Uganda, South Africa, and The Gambia. In Tanzania, the company holds multiple licenses, such as the Payment Service Provider (PSP) license from the Bank of Tanzania, enabling it to offer digital financial services to cooperatives and MFIs.
The company’s mission aligns with the United Nations Sustainable Development Goals, focusing on financial inclusion and economic empowerment. By providing technology-driven solutions, Wakandi aims to bridge the gap between informal financial groups and formal financial systems, fostering economic growth and stability in underserved communities.