Project Description

Fighting financial exclusion by using technology to provide rural smallholder farmers with access to financial services.

Fabrice Alomo

Fabrice Alomo
Fabrice Alomo
Fighting financial exclusion by using technology to provide rural smallholder farmers with access to financial services.

About Fabrice & AMoney

About Fabrice
Fabrice Alomo comes from a family of farmers and has seen the pain and frustration many of them endure due to lack of access to financial services. While visiting his relatives, Fabrice realized that they didn’t have the financial support or knowledge to manage their income and avoid the poverty trap. They didn’t have access to formal financial institutions and felt demoralized because they were struggling to provide for their families, despite working very hard. Shocked and inspired by his family’s problems, Fabrice decided to use his passion for technology to fight financial exclusion and give unbanked people in the word access to basic formal financial services. Guided by this vision, he founded AMoney in 2014.
About AMoney
AMoney is is a financial technology platform aiming to give rural smallholder farmers across Africa access to digital financial services such as payments, money transfer, micro-credit, micro-loans and micro-insurance. It also provides non-financial services to enhance their financial literacy. AMoney’s goal is to help farmers more effectively manage their finances, increase their revenues and help them build sustainable futures. In 2016, Fabrice was named one of the “Top 30 under 30 best young entrepreneurs in Africa” by Forbes Magazine.

In order to scale, AMoney needs to build partnerships and fine-tune its business model. Participating in the SE Outreach Accelerator will give Fabrice the tools to start this work. It will also provide him with the opportunity to reflect, evaluate and make strategic decisions for the future, along with meeting key people in the Swedish fin-tech sector.

More information:
http://www.amoneyfintech.xyz


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