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How Zimbabwe’s biggest fast-food company became a popular fintech solution 🇿🇼

How Zimbabwe’s biggest fast-food company became a popular fintech solution 🇿🇼

#fintech
#food
#startup
#financial services
#Food
#food-tech
InnBucks was launched as an app to pay back loose change at popular restaurants like Nando’s and Chicken Inn, amid a shortage of small denomination currency notes. Now, it offers digital payment services and loans. The app features a wide range of financial products and services, including savings accounts, mobile wallets, microloans, mobile banking, and value-added services such as airtime. It is Zimbabwe’s most popular free financial-sector app on the Google Play store.

🇿🇼 How Zimbabwe's Largest Fast-Food Chain Became a Fintech Powerhouse 🍔💰


InnBucks, initially an app to tackle loose change issues at restaurants, has evolved into a licensed microfinance institution, reshaping Zimbabwe's fintech landscape.


📱 Offering a suite of financial services - savings accounts, mobile wallets, microloans, and more.

🏪 Originally designed for restaurants like Nando’s and Chicken Inn.

💰 Solves Zimbabwe's loose change problem with digital payments and loans.


📈 InnBucks boasts 1.8M users, ranking as Zimbabwe's top free financial app.

💼 700,000 internet banking users in Zimbabwe - digital wallets filling the gap.

🚗 Expanding reach to ride-hailing and delivery services for seamless payments.


🏦 Regulator clashes: Temporary ban in 2022 resolved with a deposit-taking microfinance license.


🌍 Challenges: Zimbabwe works towards broader financial inclusion, launching gold coins and a digital currency.


📊 The app stands as a beacon of financial innovation in the country, promoting access to digital financial services.


#Zimbabwe #Fintech #DigitalPayments

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