We put kiosks in grocery stores. Walk in for bread, walk out with a bank account. A debit card prints in 5 minutes. That's how you bank 9 million people.
South Africa's big banks charge R50-150 per month just for a basic account. We charge zero. When your competition is a monthly fee, free is a feature.
Tencent invested $110 million in us. The biggest bet a Chinese tech company has ever made on African fintech. They built WeChat Pay. They know digital payments.
9 million customers in 5 years. That's 15% of South Africa's population. Every other neobank in the world can learn from our kiosk model.
We launched in the Philippines next. Same playbook: kiosks in stores, free banking, simple app. The model works wherever traditional banks overcharge and underserve.