Pyypl rolls out its social, micro-investment platform to African entrepreneurs and micro-SMEs

Pyypl rolls out its social, micro-investment platform to African entrepreneurs and micro-SMEs

- Rollout and partnership follows Pyypl’s tripling of revenue growth since October 2022

Dubai, UAE / Nairobi, Kenya – Pyypl - pronounced “people” – the international payment technology and financial services provider using blockchain in its core systems, announces the commercial rollout of its social, micro-investment platform for self-employed entrepreneurs and micro-SMEs in Africa.

The rollout is commencing via an initial partnership with Kenya’s Tuk Tuk Operators Network (“TTON”), a pan-African mobility network connecting Tuk Tuk operators across 47 counties. Pyypl’s platform will accelerate the digitalisation of these operators via Pyypl’s virtual debit cards, which will directly, and positively impact TTON’s growth.

The partnership will support TTON’s long-term vision of connecting three-wheeler players in Africa’s informal transport industry to a common socio-economic, sustainable, inclusive mobility platform under structured transport Savings and Credit Co-Operative Societies (SACCOs). SACCOs encourage saving and help members obtain affordable loans that otherwise might not have been accessible.

The partnership and rollout follow a significant thirteen months for Pyypl. The company’s revenues tripled in the four-month period October 2022 to January 2023, inclusive, and were eight times greater than 2021. This revenue upsurge bookended a year of notable operational KPIs: the company’s App 2.0 launched in eight different languages, its prepaid