SmartMoney
For-profit financial services company providing mobile savings and payment services to unbanked rural communities in Uganda and Tanzania.
- Stage Full Product Ready
- Industry Financial Services
- Location Kampala, Central Region, Uganda
- Currency USD
- Founded June 2010
- Employees 110
- Website smartmoneyinternational.com
Company Summary
SmartMoney introduces an innovative variation of mobile banking and mobile money targeting the unique market requirements of rural African communities. SmartMoney introduces to rural communities a FREE mobile savings and payment service subsidized by fee income from institutional customers such as agriculture companies, governments and NGOs. SmartMoney operates a proprietary mobile savings and payment platform accessible via GSM phones.
Team
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Founder and CEOMichael is an ex-Wall Street implementation manager and veteran entrepreneur focused on bringing innovative business solutions to social problems in the developing world. Michael has 25+ years experience leading large-scale ICT projects for Fortune 500 companies such as Goldman Sachs, Credit Suisse, Bank of New York, Lloyds of London and British Telecom.
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Michael RotheManaging PartnerMichael Rothe is a financial inclusion specialist with comprehensive experience spanning the private and public sectors. Prior to joining SmartMoney, he worked as a resident Advisor to the Bank of Uganda (BOU) through GIZ’s Agricultural and Rural Finance Programme. Michael started his career at Citi Microfinance – Citigroup’s global industry specialist group supporting investments into microfinance institutions across the world.
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Robert MatthewsGroup Finance DirectorRobert Matthews is a KPMG Trained Chartered Accountant originally from South Africa. He has 15+ years’ experience in financial control and leadership, with exposure to Telecoms; Technology and Financial Services. Robert has had extensive international & East African market exposure as a CFO for several international companies including some that concluded M&A transactions together with Tier 1 investment banks and Sub-Saharan private equity funds.
Advisors
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http://www.sidley.comLawyerUnconfirmed
http://ddkcpas.com/AccountantUnconfirmed
Previous Investors
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Africa Enterprise Challenge FundUnconfirmed
Thirteen 05Unconfirmed
Cormac Creed / Michael Spencer (Founder)Unconfirmed
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