BankWise

About BankWise

BankWise offers a data-free banking platform that enables users in Africa to send money, pay bills, and purchase airtime without requiring an internet connection. This service addresses the lack of reliable internet access, facilitating financial transactions for over one billion people and promoting financial inclusion across the continent.

```xml <problem> Many individuals in Africa lack reliable internet access, which prevents them from utilizing digital financial services for essential transactions. The high costs associated with internet subscriptions and transaction fees further exacerbate this issue, creating barriers to financial inclusion for a significant portion of the population. </problem> <solution> BankWise provides a data-free banking platform that enables users to perform financial transactions without requiring an internet connection. By partnering with financial institutions, BankWise allows customers to send money, pay bills, and purchase airtime directly from their phones, regardless of internet availability. The platform eliminates session fees typically associated with USSD banking and supports transactions to any phone number within Africa. BankWise aims to connect individuals to financial services, fostering financial inclusion and economic empowerment across the continent. </solution> <features> - Data-free transactions, enabling banking services without internet access - Connection to existing bank accounts for seamless transfers and payments - Mobile accessibility, allowing transactions on any phone - Payment link generation for easy customer payments - Zero transaction fees for women entrepreneurs at participating financial institutions </features> <target_audience> BankWise primarily targets individuals in Africa who lack reliable or affordable internet access, including entrepreneurs, small business owners, and other underserved populations. </target_audience> ```

What does BankWise do?

BankWise offers a data-free banking platform that enables users in Africa to send money, pay bills, and purchase airtime without requiring an internet connection. This service addresses the lack of reliable internet access, facilitating financial transactions for over one billion people and promoting financial inclusion across the continent.

Where is BankWise located?

BankWise is based in Nigeria.

When was BankWise founded?

BankWise was founded in 2022.

Who founded BankWise?

BankWise was founded by Emeka Madu.

  • Emeka Madu - CEO
Location
Nigeria
Founded
2022
Employees
10 employees
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BankWise

Score: 63/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

BankWise offers a data-free banking platform that enables users in Africa to send money, pay bills, and purchase airtime without requiring an internet connection. This service addresses the lack of reliable internet access, facilitating financial transactions for over one billion people and promoting financial inclusion across the continent.

bankwise.africa200+
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Crunchbase
Founded 2022 – Nigeria

Funding

No funding information available. Click "Fetch funding" to run a targeted funding scan.

Team (10+)

Emeka Madu

CEO

Ifeanyi Ifeabunike

CTO

Company Description

Problem

Many individuals in Africa lack reliable internet access, which prevents them from utilizing digital financial services for essential transactions. The high costs associated with internet subscriptions and transaction fees further exacerbate this issue, creating barriers to financial inclusion for a significant portion of the population.

Solution

BankWise provides a data-free banking platform that enables users to perform financial transactions without requiring an internet connection. By partnering with financial institutions, BankWise allows customers to send money, pay bills, and purchase airtime directly from their phones, regardless of internet availability. The platform eliminates session fees typically associated with USSD banking and supports transactions to any phone number within Africa. BankWise aims to connect individuals to financial services, fostering financial inclusion and economic empowerment across the continent.

Features

Data-free transactions, enabling banking services without internet access

Connection to existing bank accounts for seamless transfers and payments

Mobile accessibility, allowing transactions on any phone

Payment link generation for easy customer payments

Zero transaction fees for women entrepreneurs at participating financial institutions

Target Audience

BankWise primarily targets individuals in Africa who lack reliable or affordable internet access, including entrepreneurs, small business owners, and other underserved populations.