Kenya’s Chumz is helping users save and invest from their mobile money accounts

Kenyan startup Chumz has built a goal-based mobile app that helps users save and invest money from their mobile money accounts, with as little as US$0.05. The platform works by channeling funds collected from a user’s mobile money account to a licensed fund manager, who then offers a return to the fund. Earned interest is then redistributed to individual clients. One of the unique features of Chumz is that it encourages users to save based on their behaviour.

Kenyan startup GoBEBA says it is reimagining Africa’s utilities supply chain to help provide the infrastructure that can cope with the continent-wide explosion in urban growth. Formed in 2019 by Peter Ndiang’ui, a former OLX general manager, and Lesley Mbogo, a former head of product at Amazon, GoBEBA is an online distributor of bulky refillable essentials.

CDPI Emerging Markets

Google’s new policy will affect apps that offer loans directly, lead generators, and those who connect consumers with third-party lenders. Loan apps have to complete Google’s Personal Loan App Declaration for India and submit the necessary documentation. Google tightened its personal loans policy for apps on Play Store last month.

CDPI Emerging Markets

CDP and marketing automation platform Bloomreach announced the availability of a next generation version of Bloomreach Engagement. Deploying Bloomreach’s Loomi AI capabilities, campaign creation within Bloomreach Engagement will become something “one marketer can complete in minutes.” Campaigns can be scaled across fifteen-plus channels.

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Kenya’s Chumz is helping users save and invest from their mobile money accounts

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