Fako Capital

Nkwa Tech Ltd is a Cameroonian company that has developed an application that encourages its users to save: users can set savings targets in terms of either amounts or dates. Withdrawal before reaching the target leads to penalties (set by the users), while achieving the target on time leads to rewards in the form of interest generated on the amount saved.

Nkwa Tech Ltd has a platform whose transactions are based on mobile payment technology. The platform incorporates an interface dedicated to end users, the operators' customers.

The entrepreneurs

Nkwa Tech Ltd was founded in 2021 by Akwo ASHANGNDOWAH, a Cameroonian entrepreneur with experience in creating technological applications.

Partenariat avec I&P et Fako Capital

Nkwa Tech Ltd is supported by I&P Accélération Technologies, a €2.5 million programme to finance and support around fifteen digital start-ups in Sub-Saharan Africa, backed by AFD through  Digital Africa. In Cameroon, this programme is being implemented by Fako Capital.

This partnership will enable this start-up to carry out :

• Bring the company into legal compliance (recasting of articles of association, acquisition of microfinance approvals, etc)
• Strengthen the company's governance by setting up an advisory committee to assist with strategic decisions
• Supporting the company in its structuring by setting up a robust accounting and financial system, an operations management system, and in the development of its human resources
• Strengthening the company's marketing efforts to increase its visibility and the number of users
• Support in launching microfinance activities