A Kenya-based fintech startup that helps churches and non-profit organisations receive donations through multiple payment channels, has secured an undisclosed amount of seed funding for product development and team expansion.
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The investment in Jumuisha came from SprintX, a venture studio for early-stage startups based in the United States. In addition to the funding, Sprint will also provide the startup with business strategy, marketing, and technology expertise.
Using the app, churches and NGOs can receive donations via USSD, bank transfer, mobile money, online payment, or credit cards, and also make payments to contractors, suppliers, and employees. The platform provides a real-time overview of and generates financial reports for all transactions.
Co-founded in October 2020 by James Chege, the startup also allows users to manage events via its platform.
“The seed funding will help us to accelerate product development through key hires and strengthen the sales team… We will hire additional resources to address demand and accelerate our growth,” Chege said
Since its launch after the Covid-19 pandemic necessitated a reduction in the seating capacity of churches in Kenya, Jumuisha claims to have on boarded 138 churches.
According to the startup, more than 250,000 members combined use the service, half a million bookings have been recorded while over 100,000 financial transactions have been done via the platform.