Wakandi Digital Financial System for Cooperatives

Wakandi Group AS is a Norwegian company that, per its About page, started in 2018. It provides a digital financial system for cooperatives, mainly savings and credit cooperatives (SACCOs) in Africa. Country sites exist for South Africa, Tanzania, Kenya, The Gambia and Uganda, and licences are listed for Tanzania, Kenya and Uganda.

The Wakandi app covers savings and loan management for cooperative members. Testimonials come from Naiwest Boda Transport Co-operative Society and the Tanzania Cooperative Development Commission. The site lists a five-year partnership with Mastercard and a Series A round launched in May 2025.

• Savings management: digital member savings accounts for cooperatives.
• Loan management: loan processing and tracking for cooperative members.
• Mobile app: the Wakandi app as the member and cooperative interface.
• Multi-country presence: sites and licences for Tanzania, Kenya and Uganda.
• Regulator collaboration: initiative with the Tanzania Cooperative Development Commission.
• Payments partnership: five-year partnership with Mastercard.

A Vietnamese people's credit fund could manage member savings and loans digitally. An agricultural cooperative could offer member savings and small loans through a mobile app. A cooperative union could onboard many small member cooperatives with a standard system.

Cooperatives get savings and loan management in one digital system instead of paper records. The site publishes a fair pricing philosophy and a price list. A regulator-linked initiative with the Tanzania Cooperative Development Commission supports new SACCOS onboarding. A Mastercard partnership broadens payment capability.

Cooperatives and SACCOs in Africa are moving from paper records to digital financial systems, supported by regulators and payment networks. Vietnam's people's credit funds and agricultural cooperatives face a comparable shift toward digital member management and lending.

Wakandi Group AS, described as Norwegian, started in 2018 per the About page. News on the site includes the Series A launch (2025-05), the Mastercard five-year partnership (2025-05) and the TCDC new SACCOS initiative (2025-07).