Local fintech Uhuru to test with a bank under RBZ Fintech Sandbox

Uhuru Innovative Solutions will test with a local bank under the umbrella of the Reserve Bank of Zimbabwe’s (RBZ) Fintech Sandbox. The local fintech firm becomes the latest to join the sandbox which seeks to bring startups in payments, credit, investment and more, closer to the regulator and traditional financial institutions.

If you have never come across the name before, Uhuru offers remittances or money transfer services for Zimbabweans living in South Africa. On top of that, Zimbos in SA can pay for services such as ZESA tokens, insurance and other services for their loved ones back home.

“Uhuru is one of the two fintech start-ups included in the Reserve Bank of Zimbabwe regulatory sandbox and as a result, we have initiated testing our payments solution.”

Trust Jakarasi, Uhuru Founder and CEO (via The Herald)

The bank that Uhuru will be testing with was not mentioned. However, it was said that the startup will announce the name of the financial institution and the nature of the test in the coming weeks.

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