Watu

There is a large percentage of the population in sub-Saharan Africa that does not have access to financial services, as a result of which many low-income people cannot afford to buy the productive assets that will enable them to improve their income and seek alternatives that in many cases worsen their economic situation. The scarcity of opportunities for uneducated people in this region is exacerbated when there is no way to generate a stable income and become financially independent.  

In response to this situation, Watu is committed to transforming urban mobility and the supply of financial loans, offering opportunities for entrepreneurs to build and change the course of their lives.

By providing access to affordable and flexible financing for two- and three-wheelers, Watu has provided more than 600,000 loans in Kenya, Uganda, Tanzania, Rwanda, Sierra Leone and Nigeria, positively impacting the lives of more than 3.6 million people.

Watu actively promotes financial literacy and economic independence, the adoption of digital payments and increased regulatory and security compliance.

As they expand their business model to other countries, they aim to lead the way in ‘clean and sustainable mobility’ by financing new electric motorbikes.