AjoMoney

AjoMoney is a Nigerian fintech platform that digitizes traditional rotating savings and credit groups (Ajo, Esusu, Adashe) for underserved individuals, SMEs, and corporate employees who want structured savings and access to zero-interest micro-credit.

Key capabilities include:

• Rotating group savings (ROSCA): create or join savings groups where members contribute and take turns to receive a lump-sum collection.
• Thrift contributions and personal savings: save daily, weekly, or monthly, with access to additional credit tied to saving behaviour (not positioned as an instant loan).
• Investment clan: invest early collections in a clan for up to 15% ROI per annum (as stated on the website).
• Wallet and payments: send and receive money, buy airtime and data, and pay utility bills.
• Virtual USD/NGN card: pay in instalments at 1,000+ stores and use it for subscriptions.

Available on mobile app (only on android), with a Partners API plus dedicated platforms for mobile agents, cooperatives, and business partners.

It targets Nigerians (services are only available to Nigerians), including unbanked and underbanked consumers, MSMEs, corporate workers, field agents, cooperatives, businesses, and developers building savings and credit products.

Notable in the Nigerian market context, it formalises community-based savings into digital workflows and is delivered via AjoPay Financial Technology Limited (RC: 1780015) and AjoPay Multipurpose Cooperative Society Limited, with investment and banking-related products offered through affiliates and licensed third-party partnerships.