Tanzanian fintech startup Tunzaa, which has developed an innovative payments API to process e-commerce transactions in installments, has secured funding from Warioba Ventures to help it scale.
Tunzaa offers flexible installment options that make it easier for consumers to access products while promoting financial inclusion and economic empowerment. The platform inspires a savings culture by enabling consumers to save towards specific goals through fun incentives.
The startup secured an undisclosed amount of funding from Warioba Ventures to help it scale.
“This investment underscores our commitment to fostering solutions that address the unique challenges of African markets while creating a ripple effect of financial empowerment and economic growth. We believe Tunzaa is poised to redefine how payments and savings are integrated into the e-commerce experience, setting a new standard in financial inclusion and innovation,” said Warioba Ventures in a press release.