Bernie Akporiaye, CEO of MaTontine

“The major problems in Africa, such as poverty, will only be solved when Africans come together to come up with African-centered solutions.”

Step 1

10 people, each with their own manager, contribute $10 each month

Step 2

At the end of the month, a member wins the $100 bet

Step 3

This cycle repeats itself until everybody has won the $100 pot

We are Africans who are passionate about improving financial outcomes for the financially excluded.

  • Who are we ?

    We are Africans who are passionate about improving the financial outcomes for the financial excluded. MaTontine digitizes the traditional, centuries-old, peer-to-peer savings circles (Tontines) in Africa and beyond, in order to unlock access to financial services like small loans to the financially excluded.

  • What is Matontine ?

    MaTontine is a digital financial services platform.
    We went back about century to a system used all over Africa. It is called Tontines in Francophone Africa (Natt in Senegal, Esusu in Nigeria, Jangi in Cameroon, etc.); sometimes called saving circles.

  • Here is how it works…

    A group of say 10 people, each with its own manager, contributes say $10 every month into a pot and at the end of the month one member of the group collects the pot of $100. This cycle repeats itself until everybody has won the $100 pot.

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IN NUMBERS

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of the world’s population is financially excluded (2.5 billion people)

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of Africans are financially excluded (925 million people)

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of Francophone Africans are financially excluded (100 million people)