Tanzania’s Fintech Tunzaa HQ Raises Funding

Warioba Ventures has announced its investment in Tunzaa HQ. Local angel investors Andrew Kudoja and Irene Madeje Mlola participated in the round. This Dar es Salaam-based fintech company has developed an innovative payments API enabling e-commerce transactions to be processed in instalments. This solution addresses a critical gap in African markets, where many consumers lack access to debit and credit facilities for immediate e-commerce payments.

Founded in 2021 by Ng’winula Kingamkono, Tunzaa HQ’s platform fosters a culture of savings by enabling consumers to save towards specific goals through gamified incentives. Whether it’s purchasing a smartphone, household appliances, or educational tools, Tunzaa allows consumers to achieve their aspirations sustainably and affordably.

This investment aligns with Warioba Ventures‘ mission to empower Africa’s future by investing in technology-driven solutions that tackle the continent’s biggest challenges.