About us

MaTontine was founded by brother & sister, Bernie Akporiaye & Dr. Tosan Oruwariye, who were born in Africa, but spent most of their lives outside the continent. Their frustration was that despite multiple, innovative, financial solutions in Africa, poverty alleviation still remained unattainable.

Two key factors (a) lack of trust with financial institutions; (b) inability to make scalable, credit-based decisions has hampered this effort. This has impacted all areas and sections of society: farmers can’t buy machinery, entrepreneurs can’t get loans, the sick cannot buy medication etc.

They discovered that, as it turns out, that there is a traditional savings and loan system used for generations; with very low default rates (0-1.5%). Everyone knows how it works; it has a built-in trust co-efficient because the members of the system is made up of family and neighbors and it’s used by a significant percentage of the population.

The question then became, why not take advantage this home-grown, clearly successful model to help resolve the problem of financial inclusion; and hence MaTontine was born.

MaTontine intends not just to digitize the process, but maintain the intra-community relationships central to the success of this model by making the tontine managers central to the success of the solution.

The history of tontines

Tontines have existed in one form or the other for over a century in Africa.

Major outcomes

• Improve financial and personal outcome of our members

• Empower our members to lift themselves out of poverty through entrepreneurship and technology

• Unlock access to financial and related services to for our community

• Facilitate a saving culture that rewards financially responsible behaviour behavior

Our team

Our team comprises a diverse stakeholder base that includes members, tontine managers, community managers, employees, investors and partners.

Our core values

Working with passion, commitment & enthusiasm

Being absolutely the best trained workforce

Working hand-in-hand with our members to attain their personal goals

Putting employee welfare at the core of our organization

Our members

The MaTontine community is made up of members, tontine managers and community managers.

Our Tontine managers manage the members in their group and our community managers manage large groups of Tontine managers.