Affinity

Affinity is a personal banking service in Ghana for individuals and micro and small businesses that want to open an account quickly, move money between mobile money and banks, and save or borrow from one place.

Key capabilities include:

• Instant account opening using a Ghanaian mobile number and Ghana Card for KYC, available via mobile app, USSD (*229#), and an agent network for offline onboarding and cash services.
• Transfers and payments to and from mobile money wallets and bank accounts, plus bill payments, recurring payments, spending limits, statements, and instant notifications.
• Savings and fixed deposits with interest-bearing options: Growth (up to 5% p.a.), Boost (5.5% to 8.5% p.a., 30+ days), and Future fixed deposits (7% to 11% p.a., 91/182/365 days); Daily is transactional.
• Loan access, including instant loans tied to a credit score derived from transaction history, plus options to apply for longer-term personal or business loans.

Available on Android, iOS, and USSD.

Target users include Ghanaian consumers, informal sector workers, and MSMEs, including people who are new to formal banking.

Notable in Ghana’s fintech market for being licensed and regulated by the Bank of Ghana as a savings and loans company and for building interoperability with mobile money and bank transfers while offering no monthly fees on its accounts (some transfers to third-party wallets and banks show 0.75% fees capped at GHS 10 on applicable accounts).