awamo GmbH logo — Creating a microfinance business platform for Africa

awamo GmbH

Creating a microfinance business platform for Africa

Founded 2015 Germany Frankfurt, Germany 10 employees Seed Total: $2.55M Financial Services, Fintech +2

General Information

Company Name awamo GmbH
Founded Year 2015
Location Germany Frankfurt, Germany +2
Employees 10
Industries Financial Services, Fintech, SaaS +1
Funding Stage Seed
Social

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About awamo GmbH

awamo GmbH, founded in 2015 and headquartered in Germany, is revolutionizing the microfinance sector with its slogan, “Creating a microfinance business platform for Africa.” The company offers a state-of-the-art platform, awamo 360, designed to meet the needs of microfinance institutions (MFIs), SACCOs, and VSLAs across Africa.

This cloud-based platform eliminates maintenance hassles and provides automatic updates, while offering features like biometric authentication and mobile compatibility. By digitizing credit, risk, and portfolio management, awamo 360 reduces the costs and risks associated with microfinance, enabling MFIs to lower interest rates for borrowers and, in turn, drive financial inclusion and economic sustainability.

Operating within the Financial Services, Fintech, SaaS, and Banking industries, the company last received a Seed investment on 01 September 2018 from Heliad Equity Partners, positioning itself as a transformative player in financial technology.

Taxonomy: Microfinance, Microfinance Institutions (MFIs), Savings and Credit Cooperative Organizations (SACCOs), Village Savings and Loan Associations (VSLAs), Biometric Authentication, Digital Financial Solutions, Credit Management, Core Banking SaaS, Mobile Banking, Financial Inclusion, Credit Reporting, FinTech, Credit Scoring, Microinsurance

Services & Products

Mobile Biometric Microfinance Software
Secure Digital Banking Services
Automatic Data Backups and Updates
Loan Processing Optimization

Target Customers

Microfinance Institutions (MFIs) Savings and Credit Cooperative Organizations (SACCOs) Small Businesses Individual Users in Emerging Economies

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Seed •••••• 1
Investor
01 Sep 2018
Seed •••••• 3
Investor
•••• ••••
01 Jun 2017
Seed •••••• - 01 Aug 2015

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FAQ About awamo GmbH

Creating a microfinance business platform for Africa
awamo GmbH was founded in 2015.
awamo GmbH is headquartered in Frankfurt, Germany.
awamo GmbH operates in the following industries: Financial Services, Fintech, SaaS, Banking.
awamo GmbH has approximately 10 employees.
awamo GmbH has completed 3 funding rounds, raising a total of $2.55M. The latest funding stage is Seed.
awamo GmbH offers: Mobile Biometric Microfinance Software, Secure Digital Banking Services, Automatic Data Backups and Updates, Loan Processing Optimization.
Top alternatives and competitors to awamo GmbH include Juakali, Nelito Systems Pvt. Ltd., Frontline Analysts, Yabx, Suretys. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
awamo GmbH and Juakali are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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