Kenyan Church-focused Fintech startup Jumuisha raises Seed Fund
Kenyan church-focused Fintech startup Jumuisha, has announced it raised an undisclosed amount in a seed funding round to help it scale.
The funding came from Austin based SprintX Venture Studio. The firm will also provide Jumuisha with business strategy, marketing and technology expertise to help it grow.
Jumuisha was launched in October 2020 with the aim of helping churches and NGOs receive donations, make payments and manage events all in one place.
The startup enables churches receive donations via USSD, bank transfer, mobile money, online payment or credit cards, and also make payments to contractors, suppliers and employees, and also generates a financial report on all transactions.
co-founder James Chege speaking said that the problem was identified during the COVID-19 pandemic and now the startup leverages it tech platform to provide solutions for churches.
“We identified the problem during the COVID-19 pandemic when the government mandated a reduction in the seating capacity of churches to one-third.
“Our solution helped church members to reserve seats and enabled the church administration to maintain a manifest of members who attended the services for the purpose of contact tracing. Based on initial success, we grew the platform further for the churches to receive donations from their members such as tithe and offerings” Said James.
“The seed funding will help us to accelerate product development through key hires and strengthen the sales team” said James who also pointed out that Jumuisha now has 138 churches, with over 250,000 members combined, using its solution, and has seen over 500,000 bookings and more than 100,000 financial transactions take place via its platform.
“The product so far has been developed by the founding team and the sales too are done by us. With the new funding, we will hire additional resources to address demand and accelerate our growth.
“Our product will continue to evolve in empowering churches to leverage technology in serving their members and community at large,” said James.
Jumuisha plans to use the funding to scale its service as it aims to be the key fintech solution for these churches to help them to manage donations, payments and events.