Equity Group Launches Finserve

No photo availableCIO Africa authorByHumphrey Odhiambo
1 min read

Equity Group Holdings Plc recently launched its fintech subsidiary, Finserve, signalling a future defined by disruptive innovation beyond the Group’s…

Left to right: Finserve Africa Managing Director, Mr. Jack Ngare
Left to right: Finserve Africa Managing Director, Mr. Jack Ngare demonstrates the capabilities of the newly launched Jenga Payment Gateway to Communication Authority Director General Mr. Francis Wangusi, Finserve Africa Board Chairman Dr Patrick Uwizeye and Equity Group Managing Director and CEO Dr James Mwangi during the launch of Finserve Africa. The Jenga Payment Gateway, a product of Finserve, consolidates all payments and presents one integration platform to businesses.

Equity Group Holdings Plc recently launched its fintech subsidiary, Finserve, signalling a future defined by disruptive innovation beyond the Group’s current financial services. Finserve will operate as an autonomous commercial enterprise, delivering solutions not just for Equity Group, but to the entire economy.

Finserve has been the technology arm of Equity Group and is credited with revolutionizing banking and other financial services through digitisation.  It has been behind innovations such as Equitel, the Group’s Mobile Virtual Network Operator (MVNO).

Customers using the Equitel SIM card can manage their bank accounts from their mobile phones – sending money to any bank and any mobile network, paying for goods and services using EazzyPay, applying and receiving instant Eazzy Loan on their phones as well as making calls and buying data bundles.

The fintech has already stormed the market with two revolutionary products that offer innovative solutions to businesses and developers. Launched under the name Jenga, a Swahili word for ‘build’, they provide a versatile payment gateway and open APIs.

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