The company was set up in December 2019 by like minded individuals who had discovered an opportunity in a financial problem that many were facing.
From their personal experiences when raising capital, they had realised that the traditional financial model and products around the world were beneficial BUT they didn’t address the immediate financial needs of billions who were locked out due to the following challenges:1. Minimal or zero access to banks or similar financial institutions.
With these challenges in mind, the founders decided to set up a company that could use mobile, information technology and the internet to bypass these challenges and serve the financial needs of the untapped billions.
The company has aggressively rolled out fintech products in all
Cash loans through mobile phones money apps and USSD codes.
Mobile phones airtime lending.
Cash loans over the internet and offline through physical company agents.
Salary advances to employees working in the private and public sector.
The company values individuals who identify with the company’s mission, are innovative, and able to utilise their skill set to achieve the company’s goals.
Currently the company has a brilliant pool of employees who are working to achieve the company’s mission. In the company’s headquarters, the company has a permanent workforce of thirty (30) employees and a hundred (100) part-time employees who handle the company’s operations which can be outsourced or handled on a part-time basis,
In Kenya, the company has fifty (50) employees who have been involved in setting up and running of the company. The company has plans to increase the work force to five hundred (500) employees by end of 2020
In Nigeria, the company has eight (8) staff members who are setting up the company in the country as they assess the market needs. There are plans to roll out the company’s products in March 2020 and hire more employees once the company is up and running.
The company has come up with popular products in Kenya that are in the form of mobile money lending apps which are Hikash and MoCash. The uptake so far has been quite positive where currently Hikash has over half a million (500,000) registered users with 10,000 user onboarding daily. The company is confident that in the near future it will have surpassed a million loyal users.
On the strength of this solid performance in Kenya, the company is now currently planning to launch the Hikash app in Nigeria in the middle of March.
The company seeks to implement its growth strategy in all facets of the company based on the company's mission and values which it holds dear. The values are: