Frankfurt, Germany
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.
