Jobs posted: 6
To build financial infrastructure for Africa.
The problem: In 2017, nearly 60% of adults in sub-Saharan Africa had no bank account. That's for good reason—the fees are too high, the closest branch can be miles away, and nobody takes cards. Without access to financial institutions, people are forced to keep their savings under the mattress. Small business owners rely on lenders who charge extortionate rates. Parents spend hours waiting in line to pay school fees in cash.
How we're solving it: We're building financial services to work as theyshould: no account fees, instantly available and accepted everywhere. In places where electricity, water and roads don't always function, we're creating financial infrastructure that "just works." In fall 2017, we launched a mobile app in Senegal for cash deposit, withdrawal, and peer-to-peer and business payments; we're now processing over 200k payments every month. Our goal is to make Africa the first cashless continent.
- We're a distributed HQ team of ~28 people who are deeply passionate about our mission of bringing great financial services to the people who need them most. Our team works remotely across North America, Europe and Africa.
- Every two months our HQ team goes on a five-day retreat together in Africa.
- We’re backed by world-class investors including Khosla Ventures, Founders Fund, Y Combinator, and the cofounders of PayPal.