Jumuisha, a Kenya-based fintech startup that helps churches and non-profit organisations receive donations through multiple payment channels, has secured an undisclosed amount of seed funding for product development and team expansion.
The investment in Jumuisha came from SprintX, a venture studio for early-stage startups based in the United States. In addition to the funding, Sprint will also provide the startup with business strategy, marketing, and technology expertise.
Using Jumuisha, churches and NGOs can receive donations via USSD, bank transfer, mobile money, online payment, or credit cards, and also make payments to contractors, suppliers, and employees. The platform provides a real-time overview of and generates financial reports for all transactions. Continue reading
Image: CNN