Two Ugandan Fintech Companies To Watch Out For


Dec. 17, 2020, 4:56 p.m.

MonkeyPesa, a business management platform has named two Ugandan fintech companies to be watched out for this year. The two companies Dusupay and Eversend are among the nine companies named along with Jumo, Yoco, BitPesa, Flutterwave, Zoona, Paystack, and Paga.

The fintech space is growing much faster than any other industry based on external funding from local and international investors, according to MonkeyPesa. In 2019 USD$320 million (roughly UGX1.18 trillion) was raised by fintech companies.

Eversend is one of the fast growing fintech companies in Africa operating in eight African countries; Ghana, Kenya, Nigeria, Rwanda, South Africa, Swaziland, Tanzania, and Uganda with plans to expand further.

The platform, a multi-currency e-wallet and a neobank for Africans is a financial service marketplace giving users access to money exchanges & transfers, insurance, bill payments, loans, to mention few through a mobile application or via USSD within and beyond Africa.

Story by Carris Addico

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