AfroDime is a neo‑bank platform that offers a secure, open‑source digital cash wallet for instant peer‑to‑peer and merchant payments across online and physical stores in Africa. The app also includes embedded investment, trading tools and a loyalty program, plus financial education resources for consumers and SMEs.
Funding
Funding not disclosed
Founders
Product
Problem
Many consumers and small businesses in Africa lack access to fast, private digital payment methods that work both online and in physical stores, limiting their ability to transact efficiently and securely.
Solution
AfroDime provides a neo‑bank platform that offers a secure, open‑source digital cash wallet accessible from any device. Users can send, receive, and store funds instantly, with privacy protections comparable to traditional payment services. The platform integrates embedded finance tools, allowing users to invest and trade directly without leaving the app. A built‑in loyalty program rewards usage with AfroDime miles, encouraging adoption. Additionally, AfroDime supplies financial literacy resources aimed at supporting small and medium enterprises across the continent.
Target Audience
Primary users are individual consumers and small to medium enterprises in Africa seeking a fast, private digital payment solution with integrated financial services.
Features
- Secure master wallet for instant, private peer‑to‑peer and merchant payments online and in‑store
- Open‑source architecture ensuring transparency and decentralised control of transactions
- Embedded investment and trading modules accessible within the same platform
- Loyalty system that accrues AfroDime miles for each transaction, redeemable for benefits
- Financial education hub offering training and resources tailored to African SMMEs
- Multi‑device access with a unified account view and transaction history