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§ Private Profile · Frankfurt, Hessen, Germany
Fintech SaaS provides mobile biometric core banking for microfinance institutions in Sub-Saharan Africa, digitizing credit and savings.
Based in Frankfurt, Germany, with regional operations in Kampala, Uganda, awamo provides a mobile, biometric core banking software-as-a-service platform designed for microfinance institutions and credit unions in emerging markets. The cloud-based system digitizes credit and savings management while utilizing biometric authentication to prevent identity fraud and help institutions securely serve unbanked populations across Sub-Saharan Africa. The company generates revenue through subscription and usage fees, scaling its network to connect more than 300 financial institutions that collectively serve over 450,000 consumers throughout Uganda and Kenya. Operating with approximately 95 employees, the enterprise has raised over €3 million in total equity funding, which includes a €1.5 million seed round led by FinLab AG alongside investments from the German Investment Corporation (DEG). awamo was founded in 2015 by Benedikt Kramer, Dick Luyten, Roland Claussen, and Philipp Neub.
awamo has raised $2.2M across 1 funding round.
awamo has raised $2.2M in total across 1 funding round.
awamo has raised $2.2M across 1 funding round. Most recently, it raised $2.2M Seed in June 2017.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 12, 2017 | $2.2M Seed | — | Bernard (bernd) Wendeln, Jochen Berger, Elea | Announced |
awamo has raised $2.2M in total across 1 funding round.
awamo's investors include Bernard (Bernd) Wendeln, Jochen Berger, ELEA.