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How the Corona pandemic affects microfinance institutions in East-Africa
The Corona-pandemic has so far spared Africa in terms of reported cases and casualties, yet the lockdowns in place have significantly hurt African economies. awamo has analyzed real-time transaction data of rural and semi-urban microfinance institutions from the beginning of the lockdowns. The data shows that there has been a decrease in business activity of…
Milestone: 500,000 consumers served
It is a pleasure for us to announce that as of today, awamo® 360 serves more than 500,000 consumers in Uganda and Kenya. Those 500k consumers are the clients of 400+ local microfinance institutions and SACCOs. To date, awamo® 360 has facilitated transactions worth more than EUR 55m in total. All of this goes with…
We’re proud to finally release awamo’s customer experiences video! Watch how awamo helps its customers to better serve their clients, save time & money, and have their data securely stored in the cloud. If you want to stay in touch, sign up to awamo’s newsletter!
awamo raises seven-figure investment from FinLab AG
FinLab AG has invested a seven-figure EUR amount into Frankfurt-based FinTech company awamo GmbH. awamo is the leading provider of cloud-based core banking systems for small-to-medium sized microfinance institutions in Uganda. Besides FinLab, also awamo’s current shareholders and additional sector experts have joined the funding round. awamo will use the proceeds to further develop the…
awamo now serves 70,000 clients in 60 institutions
We’re proud to announce that awamo has reached the next milestone in its business development. At the end of July 2018, awamo served 60 microfinance institutions and SACCOs in Uganda, whose combined client base is beyond the mark of 70,000. Last month, more than 40,000 transactions were being processed, which moved more than EUR 1,000,000…