With the transition to version 2 of its mobile app in June 2024, fintech Zepargn has reached a milestone in its growth process. It wants to launch new features and offer other products to its users.
Zepargn is a fintech solution developed by a young Beninese company. It allows users to save money by setting goals. The startup, based in Cotonou, was founded in 2023 by Alao Lawal. Its mission is to democratize access to financial services, by allowing every individual to manage and optimize their savings in a simple and secure way, regardless of their banking status.
“Zepargn is a financial companion designed to help you achieve your dreams. It lets you set personalized savings goals, whether it's for a big purchase, a dream vacation, or an emergency fund. Zepargn automates the saving process, sends reminders and tracks your progress, making it easier to achieve Your financial aspirations. Explains the youth shoot.
The mobile app is available on iOS and Android where it has already been downloaded over a hundred times. To access the company's various services, the user will have to download the application and create an account in a few clicks. You will then need to configure the savings goal and set the parameters. After this step, the user can start making regular or one-time deposits from their bank card or mobile money account.
Through the control panel, it is possible to follow the development of your savings using the various monitoring tools provided by the startup. This allows the user to know where they are each time during the saving process. Alaa Lawal said We are Africa's technology Zepargn has registered more than 1,500 active users and more than 15 million CFA francs (US$24,370) saved on the platform since its launch.
“However, to continue to increase this adoption, we are planning targeted awareness campaigns to educate the unbanked about the benefits of our solutions, continuously improve the user experience based on feedback, and launch attractive new features and products such as group and prepaid savings and credits.”, he added.
FinTech in Benin is present in about ten countries, but plans to have a better presence in the West African sub-region. It plans, among other things, to offer the financial education function with targeted content in the form of gamification, expand the scope of its services to other segments of the population, especially small businesses, or establish strategic partnerships with financial and insurance institutions to offer diversified products adapted to the needs of the population.
Adoni Conrad Quinum
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