What is Chumz and how does it work?

Chumz is a mobile savings app that helps individuals and groups build savings habits through goal-based challenges, reminders, and interest-earning options. You download the app, create an account with your phone number, link M-Pesa, set a savings goal or choose a challenge like 52-Week or Envelope, and start saving with progress tracking and group features.

How much does Chumz cost?

Chumz offers a free plan with no monthly charge, no maintenance cost, and no other charges. Deposits are free under KES 100 but may incur Safaricom fees above that; withdrawals cost 20 shillings for amounts below KES 1000 and 30 shillings above.

What countries does Chumz operate in?

Chumz operates in Kenya and Rwanda. You can join the waiting list on the website to know when Chumz will be available in Nigeria.

How do I sign up for Chumz?

Download the Chumz app from Google Play Store or Apple App Store, create an account using your phone number, and link your M-Pesa.

Does Chumz have a mobile app?

Yes, Chumz has a mobile app available on both Google Play Store and Apple App Store.

Who is Chumz best suited for?

Chumz is best suited for individuals or groups in Kenya wanting to save small amounts starting from 5 bob through fun challenges, reminders, and goals without needing a bank account.

How do I contact Chumz support?

Email info@chumz.io or contact Chumz support through the in-app chat or call, text or WhatsApp +254717134114 or +254740323941

Does Chumz have a plan for teams or businesses?

Yes, Chumz supports group saving where you can save as a group, create group goals, and use group chat.

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Chumz: Save and invest from mobile money in minutes – Liners

Chumz

🇰🇪 Kenya 🇷🇼 Rwanda

A mobile savings and investment app for users in Kenya and Rwanda to set goals, save from mobile money, get reminders, and track progress over time.

Available on:AndroidiOS

Visit Chumz

Chumz is a mobile savings and investment app for individuals and groups in Kenya (and Rwanda as Tunzi) who want to build saving habits directly from mobile money.

Key capabilities include:

Goal-based saving for personal and group targets (for example business, education, rent, or a 52-Week Challenge), with an in-app interface to create goals and track progress
Reminders and saving rules that help users deposit consistently, including options to save automatically when spending or receiving mobile money
Progress tracking and reports that show saving performance over time and provide suggestions for improvement
Group savings for shared goals with family, friends, or colleagues

Available on Android and iOS.

It targets B2C users and informal groups that prefer micro-savings through mobile money, including low-value deposits (as little as KES 5) and no account maintenance fees (standard M-Pesa fees apply, plus a small withdrawal fee).

In the Kenyan market, it stands out for combining behavioral nudges and gamified challenges with regulated investment access through Capital Markets Authority (CMA) authorization and licensed partners such as Nabo Capital (Kenya) and BK Capital (Rwanda). Contact: info@chumz.io.

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