Ohana offers a mobile fintech platform that digitizes peer‑to‑peer savings groups, providing encrypted transaction records and a multi‑bank vault with insurance for pooled funds. The app enforces dual‑manager governance, generates a TrustScore to assess member reliability, and enables instant low‑interest peer loans. It supports various community structures such as families, churches, funeral committees, and investment clubs across Africa.
Funding
Funding not disclosed
Founders
Product
Problem
Informal savings and credit groups across Africa often operate with paper ledgers and cash hand‑offs, resulting in opaque accounting, limited security, and difficulty accessing affordable credit when members need it.
Solution
Ohana delivers a mobile fintech platform that digitizes the creation and management of peer‑to‑peer savings groups. Users can launch a group, assign at least two managers, and define contribution schedules, while all transactions are recorded on an encrypted ledger visible to every member. The platform aggregates group funds in a secured, multi‑bank vault that includes insurance coverage, providing a trusted repository for pooled money. A built‑in TrustScore evaluates member reliability, unlocking lower‑interest peer loans that can be disbursed instantly through the app. Group members can withdraw funds for designated purposes, track balances in real time, and receive automated reminders, eliminating the chaos of manual tontine management. The solution supports a wide range of community structures—churches, families, funeral funds, entrepreneurship projects, investment clubs, and more—allowing each to operate under a common digital framework.
Target Audience
The primary users are community‑based groups in Africa—such as families, churches, funeral committees, small enterprises, and informal investment clubs—that rely on collective savings and need a secure, digital way to manage contributions and access credit.
Features
- Mobile app (Android) for creating groups, adding members, and setting contribution rules
- Dual‑manager requirement and role‑based permissions to enforce governance and reduce fraud
- End‑to‑end encryption of all transfers with transparent, immutable transaction history for every member
- Secured vault backed by multi‑bank spread and insurance, ensuring funds are protected against loss
- TrustScore algorithm that grades member reliability and automatically qualifies groups for lower‑rate loans
- On‑demand peer‑to‑peer lending with configurable interest rates and rapid disbursement through the app
- Support for diverse group types (churches, families, funeral funds, entrepreneurship, investment clubs, etc.) with customizable fund categories
- Real‑time notifications, contribution reminders, and audit‑ready reports for compliance and member confidence