PesaKit is an AI-powered virtual assistant designed for mobile money agents and merchants in Africa, enabling them to offer a variety of financial services such as airtime sales, utility bill payments, and micro-insurance. The platform enhances transaction efficiency and profitability by providing agents with tools to earn commissions and access working capital loans, addressing the need for financial growth and support in underserved markets.
Funding
Funding not disclosed
Founders
Product
Problem
Mobile money agents and merchants in Africa often face challenges in efficiently managing their operations and expanding their service offerings. Limited access to working capital and the inability to offer a wide range of digital financial services can restrict their growth potential and ability to serve their communities effectively.
Solution
PesaKit is an AI-powered mobile platform designed to empower mobile money agents and merchants by providing access to a comprehensive suite of financial and digital services. The platform enables agents to offer services such as airtime sales across multiple networks, utility bill payments, TV subscriptions, and micro-insurance products. PesaKit enhances transaction efficiency and profitability by providing tools to earn commissions on every transaction and access working capital loans based on their credit score and transaction history within the app. The platform also facilitates access to smartphone loans, enabling agents to acquire the tools necessary to expand their digital service offerings.
Target Audience
PesaKit primarily targets mobile money agents and business merchants in Africa seeking to expand their service offerings, increase their income, and access working capital.
Features
- Airtime sales for major networks (Safaricom, Airtel, Telkom, Faiba)
- Utility bill payments (KPLC tokens and postpaid bills, water bills)
- TV subscriptions (DSTV, GOtv, ZUKU)
- Micro-insurance sales
- Commission earnings on every transaction
- Float Boost and Working Capital Loans based on transaction history and credit score
- PesaKit Smartphone Loans
- Commission withdrawal to M-Pesa accounts
- CRB checks for customers