Wakandi opens Ugandan offices

Wakandi, a Norwegian FinTech company, founded in 2018, aimed at accelerating the digital transformation of the informal economy, primarily in Sub-Saharan Africa with subsidiaries in countries like Tanzania, Gambia, Kenya, South Africa, and Uganda.

The company opened up its offices in Uganda located on Plot 1-4 Nyonyi gardens. Kololo, a few days ago with Espen Kvelland, the Wakandi Group CEO doing the official cutting of the ribbon before media and invited guests.

“Today is a proud day. We are already present in Kenya and Tanzania and now finally here in beautiful Uganda. There is a larger vision with our project making real impact. We usually say we work with real financial inclusion, not a PowerPoint. We enable people. We are about capacity building, working with them where they are comfortable in their saccos and cooperatives,” said Espen Kvelland, the Wakandi Group CEO.

He also added that at Wakandi, they don’t look at themselves as selling software, but build a partnership between them, banks, mobile money and most importantly the users that they serve.

“Even so. We do deal in software and we have a very different approach than many others in the market. While many others sell the software we stay around and build strong long lasting partnerships.”

Wakandi Uganda Limited was incorporated on March 10, 2022, sharing similar goals with its sister companies and the company leverages Distributed Ledger Technology (DLT) to develop innovative solutions that enhance financial inclusion and modernize the operations of informal financial groups like SACCOs and MFI’s.

Wakandi is backed by private Norwegian investors and partially funded by the Norwegian Government via Innovation Norway.

Wakandi’s vision is to accelerate the digital transformation of the informal economy and its mission is to deliver innovative financial solutions to enhance financial inclusion. The company has a strong local presence and a deep understanding of African culture and challenges. With extensive research into informal financial groups across East Africa, Wakandi is dedicated to creating cash-light societies, improving the way money is handled and transferred among its primary customers—SACCO Societies, agricultural cooperatives, and microfinance companies.

Wakandi CAMS System

Wakandi’s Credit Association Management System (CAMS) is a digital platform built on DLT technology designed to tackle challenges faced by informal financial groups. CAMS facilitates efficient loan management, member record-keeping, transparency, and governance. It enhances the financial management process for SACCOs, agricultural cooperatives, and other informal financial groups by offering a secure and innovative solution. CAMS aims to improve governance and operational efficiency within these groups, empowering them to create a sustainable, transparent, and cash-light environment.