Kenyan fintech start-up Fingo has launched the first neobank in the East African country. Fingo was founded in January 2021 to provide financial services to the country's youthful population. After securing $4m in seed funding at the end of the year, Fingo signed a partnership with Pan-African financial institution Ecobank, which has a significant footprint in over 30 countries. Following approval from the Central Bank of Kenya, Fingo's app will offer free peer-to-peer transactions and immediate access to multiple services such as savings, financial education and smart spending analytics, among others. Fingo says it has already acquired 10,000 active users with a waitlist of 100,000 customers within 24 hours of launch.

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