July 12, 2020 All Things Fintech in Africa

SympliFi launches remittance alternative platform for users Nigeria

 

SympliFi is a  U.K.-based fintech offering  guaranteed loan service to enable residents in the diaspora fund entrepreneurship, education, savings and healthcare of their friends and family in Africa easily.

Unlike traditional remittance service, SympliFi allows relatives in the diaspora to guarantee loans for their families back home in a convenient way.

The platform enables diasporans in African countries to collect long-term loans to fund electricity, healthcare, insurance and more.

The solution leverages on technology to close up the financial gap between Diaspora and their home countries.

SympliFi’s first partnership was with Zimbabwe’s Educate, an education finance platform in a deal that will enable Zimbabweans based in the United Kingdom to fund education of their family in Zimbabwe without incurring extra costs.

With operations in Zimbabwe, Nigeria and Tanzania, SympliFi will be adding new countries and lending partners across Africa and other regions of the globe.

However, . SympliFi’s digital platform connects the diaspora and the financial institution in the home country to facilitate this transaction. The diaspora can complete the process over their mobile phone, in a matter of minutes, with no fees. No money has been transferred, and the financial objective has been achieved.

More importantly, SympliFi’s unique and innovative platform enables the beneficiary to get  valuable credit history, which can be transformational in advancing their long-term financial well-being.

Moreover,  SympliFi’s solution has the potential to address the issue at scale, which could significantly bolster economic development in developing countries.

Banner
Related Posts

Carbon Plans to Launch a Micro Insurance and Digital Wallet in Kenya

October 24, 2019

October 24, 2019

  Carbon is a Nigerian instant loan, investment, and payment   digital service,  planning to launch new operations  in Kenya.   In...

Allea Credit: How to get Instant Cash for Expenses

May 7, 2019

May 7, 2019

Allea Credit: How to get Instant Cash for Unexpected Expenses Allea Credit is that one-way ticket to a quick emergency...

Carbon, formerly Paylater now charges One Percent Transaction fee.

August 25, 2019

August 25, 2019 1

  Introduction Carbon, the lending platform formerly known as paylater started an app which not only allows one to borrow...

Jumia Pivoting to FinTech, now offers quick, personal loans

March 18, 2020

March 18, 2020

Jumia, the African e-commerce is looking go deeper into the digital lending market by offering quick, small, digital, personal loans. ...

Read These Pros and Cons First If You Have or Are Thinking of Starting a Side Hustle In Nigeria

May 10, 2019

May 10, 2019

Read These Pros and Cons First If You Have or Are Thinking of Starting a Side Hustle In Nigeria Call...

QuickCheck Partners with Jumia and PayAttitude

December 2, 2019

December 2, 2019

QuickCheck is a micro-lending mobile platform that provides collateral-free loans. It has partnered with Jumia and PayAttitude to deepen access...

6 Simple Things You Should Do To Get Better Access to Quick Online Loans in Nigeria

April 19, 2019

April 19, 2019 3

6 Simple Things You Should Do To Get Better Access to Quick Online Loans in Nigeria Have you been trying...

SpotyLoans, a lending platform launched to bridge the funding gap for SMES

January 27, 2020

January 27, 2020

SpotyLoans is a online lending platform offering loan services to individuals and private investors for a short or a long...

Quick Cash allows you to get instant credit and pay back within 6-12 months

October 28, 2019

October 28, 2019

  Quick Cash is a loan service launched by Guaranty Trust Bank (GTbank). It was introduced to allow salary earners...

PayMyRent: 2 ways you can come up with your rent

May 11, 2019

May 11, 2019 3

PayMyRent is an online platform for solving our rent problems. When would I get my rent? Your rent is soon...

Kudi Money; Save, Spend and Borrow

April 22, 2019

April 22, 2019

  Kudi Money is redefining the idea of bank and assisting income earners to save, spend and borrow money.   And...

Eyowo Launches a Retail Banking Tool

December 2, 2019

December 2, 2019

Eyowo, a digital bank, with the  aim  to encourage financial inclusion among every Nigerian by making banking as easy as...

How To Get Quick Loans in Nigeria, Ghana, South Africa and Kenya

July 10, 2020

July 10, 2020

Table Of ContentsHow To Get Quick Loans in Nigeria, Ghana, South Africa and KenyaHow to Get Quick Loans in NigeriaHow...

Tala halts its mobile Lending Operations in Tanzania

December 2, 2019

December 2, 2019

Despite raising $21o million, Tala, the lending and financial accessibility startup providing under-represented people loans has halted its lending operations...

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.