Where and Why it all began?
Living in a foreign land comes with its challenges, financial
exclusion is chief among the many issues Africans grapple with, in the different
countries they are based in. Without proper documentation one is unable to access
quality financial services and is usually restricted to cash-based
transactions. In this digital era everyone deserves the option to be able to
transact from the comfort of their homes, at any time with negligible fees.
Africans based outside of their home countries also send
money back home regularly. The cost of sending money in Sub-Saharan Africa is
the highest globally, with people paying 10% or more for remittances. Most of
the services are also brick and mortar based with limited operating hours, and people
must travel long distances before they can collect money that has been sent to them.
Students travel regionally for university education. Finding
cost effective ways of paying their fees and sending them money for sustenance
is always an issue. The options available are either time consuming, expensive
Whilst travelling within the SADC region for business or
pleasure, one becomes financially excluded as soon as they leave their home
country. Unless they have access to foreign currency and/or a Visa card, they will
not be able to make use of their funds in their local bank account. Otherwise
they must pay high fees to convert their cash to the legal tender in the
respective jurisdiction they will be in.
Who and What is Uhuru?
Uhuruwallet seeks to address this inequality.
We will primarily offer Uhuruwallet over WhatsApp to cater to the growing number of people that have access to smartphones. WhatsApp has end-to-end encryption and allows for an easy interactive platform which makes transacting on Uhuruwallet intuitive. The Uhuru digital wallet will enable people to perform transaction such as person to person, person to merchant, cash-in, cash-out, utility bill payments, airtime purchases, and Dstv payments amongst other functionality.
Our vision is to become an interoperable, peer-to-peer platform with a borderless currency, that empowers people and enterprises to transact from anywhere, anytime.
Our mission is to develop innovative solutions that promote the concept of money without borders for individuals and businesses. Solutions that are simple to use, convenient, time efficient, cost effective and inclusive.
As a team we value innovation, efficiency, commitment,
reliability and simplicity.
We believe these to be the key ingredients for
success, as we strive to give our users excellent service delivery and optimal user
We know that through innovation, we will be able to
change the way certain things are done, for the better. We aim to continuously provide
relevant financial technology solutions that simplify life for us and for our
We will work tirelessly to make transactions time
efficient. In the age of the Internet of Money, people should be able to send
money as they would an email from anywhere in the world.
We are committed to working as a team to achieve our
goals, which are to simplify banking, save time and money and remove barriers
that exclude others from active participation in the economy.
We will consistently deliver on our promises,
demonstrating our competence and character each time we communicate with each
other and with our clients. In the end building trust in ourselves and in our
We will keep it simple; simple product designs with
simple processes, because simple is understandable and memorable.