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Financial inclusion: Access Bank and Senditoo Guinea sign a financing agreement

30/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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With the intention of promoting financial inclusion through the development of a network of banking and financial agents the Fintech Senditoo Guinea SA has signed a financing agreement worth several billion Guinean francs with Access Bank Guinea SA.

It was in order to reach the maximum number of beneficiaries.

Despite the strong adoption in recent years of electronic wallets by mobile phone operators, especially Orange Money and MTN Mobile Money, and the flourishing of others such as Paycard, Akiba, only 20% of the Guinean population has access to financial services. Ibrahima Soumano, Founder of Senditoo Guinea, believes that “this funding is a source of pride, especially as it was obtained in Guinea for the benefit of Guineans.” The volume of payments made by the young Fintech, which has only been in business for 20 months, is 110 billion GNF

.

Partnerships have already been established with the main players in the market including MTN MOBILE MONEY, ORANGE FINANCES MOBILE GUINEA (OFMG), CANAL+, VIVO ENERGIES GUINÉE S.A. and several others will gradually follow.

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