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Zimbabwe’s Cashlinq launches banking-as-a-service platform for small businesses

A Zimbabwean fintech firm called Cashlinq has created a software-as-a-service platform that can power digital banks, MNO wallets, microfinance systems, or regular banks’ minimal KYC accounts and wallets.

Cashlinq is a company that offers digital banking solutions made specifically for African financial institutions. It was founded in 2022 by four co-founders to compete with the pricey foreign-based solutions and address the demands of the distinct and unstable African markets.

Its products and services are mostly made to solve African issues like gig economies, sizable SMEs, farming, poverty, unemployment, etc.

Cashlinq, which has been self-funded thus far, claims that their system can be seamlessly integrated anywhere in the globe since it is based on the most recent ISO payment standard.

The software-as-a-service provider said that every transactions handled by its system will generate minor fees for the firm.

Now, it wants to concentrate its excellent banking products in Africa’s larger digital economies, including those in Kenya, Ivory Coast, Nigeria, Ghana, and South Africa.

 

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