Zimbabwe’s Cashlinq launches banking-as-a-service platform for small businesses

Cashlinq, a Zimbabwean fintech startup has developed a software-as-a-service platform that can be used to power digital banks, MNO wallets, microfinance systems, or the low KYC accounts and wallets of traditional banks.

Formed in 2022 by four co-founders to rival the expensive foreign-based solutions to meet the needs of the unique and volatile African markets, Cashlinq offers digital banking solutions designed for African financial institutions.

Its offerings are fundamentally designed to address African realities such as gig economies, large SMEs, farming, poverty, unemployment etc.

Bootstrapped thus far, Cashlinq is built on the latest ISO payment standard and as such says it can smoothly integrate its system anywhere in the world.

The software-as-a-service company said it will monetise from small commissions on all transactions facilitated by its system.

It is now looking to focus its superior banking solutions in bigger digital economies in Africa including; Kenya, Ivory Coast, Nigeria, Ghana and South Africa.