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Plans are underway to launch on-ramp and off-ramp of crypto at PesaKit agents points. We aim to leverage our vast agent network, which currently stands at 36,021 agents to exchange crypto currency for fiat currency, enabling fast and efficient movement of funds from the digital to physical world. The consequent financial history of crypto CICO would then enable us to offer DeFi loans to our customers.
This solution will help us to further narrow the MSME lending gap in Kenya which currently stands at USD 19 Billion. In addition we will enable participating agents to access a new revenue source by acting as providers of this new financial service as they will earn a commission on every CICO transaction completed.
We aim to achieve the following in the next 6 months:
PesaKit is a Nairobi based fintech company operating in Kenya, Uganda, Tanzania and Ghana. We are reimagining access to financial services and e-commerce at the last mile powered by the PesaKit super app in Africa. Our platform enables efficiency and profitability for MSMEs, merchants, distributors, manufacturers, telcos and banks by digitizing their demand and supply of financial services and ecommerce goods.
Andrew Mutua - Founder and CEO, PesaKit.
Andrew strives to combine his passion for tech and his eye for design to build a product that will revolutionize Africa’s mobile money and ecommerce industry. He previously founded and was the CEO of Logic, an award-winning software engineering, and digital design consultancy firm based in Nairobi, Kenya; with a focus on financial services, digital transformation, integration, middleware, and platform engineering for banks and insurance companies in Kenya.
Lynnette Asudi - Head of Mobile Engineering, PesaKit
Lynnette is an introvert full of wisdom and expertise in mobile app development with a keen focus on integrating functional solutions to everyday problems for everyday people. PesaKit’s first team member, she now leads a team of mobile engineers with a quiet confidence and a loud track record. She is passionate about empowering budding developers and championing more schoolgirls to join the tech space.
Derrick Bundi - Software Engineer, PesaKit.
Flush with an unbridled passion for problem-solving and innovating software solutions for MSMEs and merchants, Derrick brings over 4 years of experience to the PesaKit team. Sharp on the keyboard and even sharper in his thought process, he seeks to see rural entrepreneurs utilize modern solutions to thrive in a digital world.
Derrick Bundi LinkedIn Profile
Desmond Oningu - CFO, PesaKit
Desmond brings over 20 years of experience in leading operations in private, NGO, and public sectors within East Africa. He is a strong advocate of financial inclusion at the last mile and empowering local enterprises to grow and transform the lives of local communities.
The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on December 5, 2022 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on July 5th as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
**The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on December 16, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on September 27, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
* The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the date of transfer as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.