Jumuisha, a Kenyan fintech firm that helps churches and NGOs accept cash donations, make payments, and schedule events, has raised funds to expand its operations.
SprintX Venture Studio, a global startup investment firm based in the United States, led the funding round, which granted the Kenyan startup an undisclosed amount. SprintX has also agreed to give Jumuishi with business strategy, marketing, and technological experience in addition to the funds raised to help the company grow.
Jumuisha was launched amid during the coronavirus pandemic in 2020, to fill the void left when governments regulated the reduction of seating capacity for non-essential gatherings to stop the virus from spreading.
The platform aided church administrations in reserving seats for mass attendees, as well as collecting information for contact tracing. As the platform's popularity rose, it added the ability to donate to churches via USSD, bank transfer, mobile money, online payment, or credit cards. Similarly, the platform enables the church to pay contractors, suppliers, and workers. The platform connects inward and outbound financial transactions, delivering a real-time snapshot and financial data.
“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 “ remarked co-founder James Chege
Jumuisha's platform is used by 138 congregations with a total membership of 250,000 people. Over 100,000 financial transactions and 500,000 bookings were logged on the platform.
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