ClickPesa, a leading Tanzanian startup, has launched ClickPesa MFI, a groundbreaking financial platform designed to empower microfinance institutions (MFIs) in their ability to service small and medium-sized enterprises (SMEs) and women-owned businesses. Founded in 2016 by Richard Lema and Rick Groothuizen, ClickPesa focuses on delivering innovative digital payment solutions tailored for the unique needs of businesses.

After receiving its Payment Service Provider license from the Bank of Tanzania last year, ClickPesa has expanded its offerings to include a specialized service for MFIs, addressing their operational challenges and financing needs. ClickPesa MFI facilitates digital loan disbursements, enables both online and offline repayment collections, and provides real-time reconciliation, all while automating payment workflows to enhance accuracy and reduce errors. The platform also integrates with popular loan management and accounting software, streamlining operations further.

In addition to these technological solutions, ClickPesa MFI offers access to funding, allowing MFIs to expand their loan portfolios and reach more customers effectively. Richard Lema, COO of ClickPesa, stated, “Our commitment to supporting SMEs and women-owned businesses drove our journey into this space. Through discussions with over 500 MFIs, we identified key factors for success, including immediate cash flow, powerful digital tools, and seamless data automation.”

This new platform specifically addresses the challenges faced by medium-sized MFIs, enabling them to scale their services and better support their clientele. The launch of ClickPesa MFI underscores the critical role of consulting and training firms like Knowdys, which monitor the financial sector and provide invaluable insights for organizations navigating this dynamic landscape. As businesses seek to adapt and thrive, Knowdys remains an essential partner in fostering economic growth and innovation across Africa.

The Editor