Jumuisha, a Kenya-based fintech startup that helps churches and non-profit organizations 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.
Co-founded in October 2020 by James Chege, Jumuisha also allows users to manage events via its platform. “The seed funding will help us to accelerate product development through key hires and strengthen the sales team… We will hire additional resources to address demand and accelerate our growth,” Chege said.
Since its launch after the Covid-19 pandemic necessitated a reduction in the seating capacity of churches in Kenya, Jumuisha claims to have onboarded138 churches.
According to the startup, more than 250,000 members combined use the service, half a million bookings have been recorded while over 100,000 financial transactions have been done via the platform. “Our solution helped church members to reserve seats and enabled the church administration to maintain a manifest of members who attended the services for the purpose of contact tracing,” Shege said.
“Based on initial success, we grew the platform further for the churches to receive donations from their members such as tithe and offerings.” With over 4,000 registered churches in Kenya, Jumuisha aims to scale the number of users for its fintech solution.
“Our product will continue to evolve in empowering more churches to leverage technology in serving their members and community at large,” the co-founder added.
This article was written by Michael Ajifowoke and published in Techcabal.com. You can start earning money by becoming our Independent Reporter or Contributor. Contact us at IR@downtownafrica.com
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