[ Awamo raises $1.7M in Seed ]

Awamo has raised $1.7 million  in Seed  funding.

Founded in 2015, Awamo  offers a mobile, biometric banking solution (SaaS) for unregulated microfinance providers in sub-Saharan Africa. awamo® 360 facilitates the work of microfinance providers by digitizing their business processes and enables credit information sharing between lenders for the first time.

The company will use the funding to roll out its solution in Uganda.

Funding  Seed
Founded  2015
Country  Germany
City  Frankfurt, Hessen
Founder / CEO  Benedikt Kramer
Deal Size  $1.7M
Investors  Jochen Berger
 Bernd Wendeln
 German Investment and Development  Corporation (DEG)
Previous Investors  /