Warioba Ventures has invested in Tanzanian fintech startup Tunzaa to support its growth. Tunzaa has created a cutting-edge payments API that allows e-commerce transactions to be processed in installments.
In addition to encouraging financial inclusion and economic empowerment, Tunzaa provides flexible installment options that enable customers to access products more conveniently. By giving users gamified incentives to save toward predetermined goals, the platform encourages a culture of saving.
Warioba Ventures has provided the startup with an undisclosed sum of money to support its growth.
“This investment underscores our commitment to fostering solutions that address the unique challenges of African markets while creating a ripple effect of financial empowerment and economic growth. We believe Tunzaa is poised to redefine how payments and savings are integrated into the e-commerce experience, setting a new standard for financial inclusion and innovation,” Warioba Ventures said in a statement.
