Ecobank Kenya has collaborated with its subsidiary FinTech start-up company to launch its neo-bank solutions dubbed Fingo to lead financial inclusion and innovation in Kenya. The Pan-African financial institution is keen on leaving a mark on the continental landscape via Fingo’s neo-bank solutions that also have the Y Combinator’s support.
Fingo’s debut in Kenya is an optimal FinTech solution developed to innovate the proliferating technology ecosystem per users indulgence to utilize FinTech solutions. The neo-bank start-up company debut is a collaborative effort with its pan-African parent to impress the Kenyan population in the presence of the Kenyan president, Williams Ruto.
Ruto gave his blessings to Ecobank Kenya for its attempt to please his interest in financial inclusion and innovation via the YC-backed neo-bank debut. Ecobank Group’s senior fintech advisor, Diallo Djiba was also present during Fingo’s launch and shared comments to persuade Ruto’s interest in financial solutions into futuristic investment disbursement to alter FinTech innovation and growth.
Djiba shared comments about his enthusiasm to endorse the YC-backed neo-banker “to extend our current solutions through this partnership and to be at the forefront of youth banking in Africa. We aim to reach millions of young people across the 33+ African markets where Ecobank operates.”
Fingo’s existence came to the limelight in 2021, yet the neo-bank struggled to stay relevant with Kiiru Muhoya as its executive officer in office to lead the start-up FinTech solutions into altered growth. Muhoya’s office was supported by his co-founders including James da Costa, Ian Njuguna, and Gitari Tirima neo-bankers keen to serve the proliferated tech-savviest population in Kenya
“Our partnership with Fingo Africa is a critical milestone in our mission to equip Africa’s youth with the essential financial tools they need to succeed. Together, we will launch youth-focused financial products, including quick access to bank accounts, savings options, and cost-effective transactions, across Ecobank’s pan-African footprint,” Djiba continued.
Fingo neo-bank infrastructure targets the youthful tech-savviest population to embrace technology innovation via financial inclusion that has unprecedented services in East Africa. The pan-African financial institution collaboration with the neo-banker will aid access to savings, insurance & credit, and the financial services in general that Fingo promises to deliver to its users.
It’s a no-brainer that the neo-banker and its parent company have consented to the Central Bank of Kenya to acquire an electronic payment license to evade policy scolding despite having the interest of the country’s president. Fingo promises to charge Kenyan economical rates for completed FinTech solutions — “cheaper transfer fees, subsidized rates at pay bills, cash-back rewards, and other features, including payment links and tailored savings plans.”