In a strategic move that underscores the growing importance of financial innovation in Africa, Fuzé Digital Africa has announced its latest investment in the Rwandan fintech startup, Save Directly. This investment marks a significant addition to Fuzé’s expanding portfolio, which is dedicated to fostering technological advancements across the continent.
Save Directly, a fintech company founded in Rwanda in 2023, is disrupting personal finance management with its innovative payment solutions. The platform offers users a streamlined approach to handling essential expenses such as insurance premiums, education fees, cooperative contributions, bills, and rentals. By enabling progressive payments, Save Directly introduces a “Save Now, Buy Later” model that allows consumers to manage their financial commitments with greater flexibility.
Christopher Kinani, Founder and CEO of Save Directly, has expressed his enthusiasm for the partnership. “We are thrilled to have Fuzé Digital Africa’s support as we scale our operations and enhance financial accessibility for individuals across Africa. Their belief in our mission strengthens our resolve to offer practical financial solutions that address real-world challenges.”
Yann Azandegbe, VC Associate at Digital Africa, also highlighted the significance of this investment. “Beyond merely facilitating transactions, Save Directly’s model provides an innovative approach to managing household debt and purchasing power. Their solution is poised to make a meaningful impact on the accessibility of insurance services and other essential financial products.”
Fuzé Digital Africa’s investment program, supported by Proparco, aims to provide startups with the necessary resources to drive technological solutions for economic development in Africa. The program features a tiered investment structure that offers ideation tickets of €20,000, follow-on tickets of €30,000, and cumulative tickets of €50,000, catering to various stages of startup growth. This structure ensures that emerging companies like Save Directly receive tailored support to accelerate their development.
The inclusion of Save Directly in Fuzé’s portfolio reflects a commitment to supporting African fintech innovations that enhance financial inclusion and accessibility, including those from the Rwandan ecosystem. As Save Directly continues to expand its services across the continent, the partnership with Fuzé is expected to bolster its efforts in providing impactful, user-centric financial solutions.
For entrepreneurs and startups passionate about Africa’s potential, Fuzé Digital Africa invites applications for its investment program through its website, fuze.digital-africa.co. The program represents a valuable opportunity for innovators seeking to make a significant difference in Africa’s economic landscape.