Senegal: Wizall Money offers financial services to businesses and individuals

Senegal: Wizall Money offers financial services to businesses and individuals
Senegal: Wizall Money offers financial services to businesses and individuals

After working in the mobile money sector for several telecom operators in West Africa, two tech entrepreneurs launched an attack on this same market in the mid-2010s by setting up a fintech.

Wizall Money is a fintech solution developed by a subsidiary of the Banque Centrale Populaire Group. It allows businesses and individuals to access financial services. The start-up, based in Dakar, was founded in 2015 by Frenchman Sébastien Vetter and Congolese Ken Kakena.

The solution has a mobile application accessible on iOS and Android where it has been downloaded more than 100,000 times. The user, after downloading, creates an account and accesses the various services. It allows businesses, through its Wizall Money Pro function, to pay employee salaries and invoices, collect payments, make mass payments.

“If your employee has a Wizall Money account, they will receive the funds in their account, if they do not have a Wizall Money account, they will receive a withdrawal code by SMS. All withdrawals are completely free with Wizall Money”, explains the young shoot.

Individuals, for their part, use the Wizall Money function to, among other things, send money to loved ones whether they have an account on the solution or not, to pay a merchant in a few clicks, to buy airtime or to pay electricity and water bills.

Like other start-ups operating in financial technologies on the continent, Wizall Money has a network of agents which facilitates access to its services. In addition to Senegal, the young growth is present in Ivory Coast, Burkina Faso and Mali.

Adoni Conrad Quenum

Also read:

Benin: TillPaid offers mobile money payment solutions to online commerce sites


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