CrowdAfrik

What is it about?

CrowdAfrik, a Fintech firm dedicated to fostering economic growth and self-sufficiency in Africa through financing technology, improved agriculture, trade and supporting small and medium size enterprises. We use a technology enhanced streamlined process to provide essential business capital minimizing bureaucratic hurdles. Our app showcases sectors we have identified and can provide both technical and financial supports. Through the app we employ a lottery based system for selection and analyzing our supports. Successful applicants are guided and supported until their businesses start flourishing to be able to commence repayments. Applicants often do not provide collaterals but enough information to enable us track defaulters as our financial supports require repayments hence we are not a charity organization.