Alajo is an escrowed digital piggy bank designed to help the underbanked and non-smartphone users in Africa save money securely and gain access to financial services without the need of internet. We provide innovative solutions for thrift operations and savings management, empowering communities through technology.
Alajo primarily targets the underbanked population, which includes individuals without access to traditional banking services, as well as agents and corporate partners looking to connect with this demographic.
Alajo uses an escrowed banking system that securely holds your savings, reducing the risk of fund misappropriation. Our agents are trained to adhere to strict protocols, and with an end-to-end SaaS that monitor all transactions.
Save money easily to achieve financial goals.
Gain immediate KYC verification to become banked.
Access to insurtech products and financial services.
Build a credit score and gain financial history.
Participate in the cash economy, even without a smartphone.
Agents serve as local facilitators who help users save and manage their funds. They benefit from training, business support, and a revenue-sharing model for services provided.
Alajo collects Know Your Customer (KYC) and financial data to help users become fully banked and to provide insights to financial institutions and corporates looking to serve this market.
Alajo connects corporates with the unbanked population, providing infrastructure to reach this market effectively. Our platform allows for efficient customer engagement, data analytics, and payment processing.
With a significant portion of Africa's population unbanked and internet access being limited and expensive, there is a pressing need for inclusive financial services that empower individuals to save and invest in their futures.
You can sign up as a user, become an agent, or partner with us as a business. Visit our website for more information on how to join our mission of democratizing banking in Africa.
For more information, visit our website or follow us on our social media platforms to stay updated on our services and initiatives.
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By 2030, Alajo aims to assist 9 million individuals and households in saving at least 50 cents a day across 50,000 communities, saving a total of $4 billion. We also plan to create inclusive job opportunities for over 500,000 people.
You can join our network by using the Alajo App, which allows you to manage your savings operations efficiently. You'll have access to tools that enable you to serve up to 200 Ajo customers in your community.
Entrepreneurs enjoy a range of benefits, including:
A dedicated dashboard for monitoring cash flow and performance
Instant payouts with inter-bank transfers
Business insurance and support for customer KYC verification
Access to funding and training for growth
Our Ajo Entrepreneur App helps manage micro-teams, track cash flow, monitor activities, and streamline customer interactions. Features include automated KYC verification, cash collection processes, and multiple business location management.
Businesses can collaborate with Alajo to offer financial products to our customer base. We provide support through our service-partner product, enabling access to low-income customers and simplified communication systems.
Alajo leverages advanced technology, including an escrowed banking system, AI-driven financial education, and automated processes for customer interactions, to enhance service delivery and user experience.
You can join our waiting list by filling out a short Newsletter form on our website with your details. We'll keep you updated on our latest offerings and initiatives.