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Kenyan Start-Up To Represent Africa in World Challenge
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Koa is helping African consumers make better money moves – TechCrunch
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Home | Kenya Breaking News, Entertainment, Politics, Business, Sports
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Meet The Co-founder of Digital Savings App KOA
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THE STANDARD
ENTERPRISE
Delila Kidanu, Koa App co-founder. [Courtesy]
A boom in financial technology in Kenya has seen a wave of start-ups offering mobile money loans.
Now, that sector – largely unregulated – is in a crisis and blamed for trapping thousands in debt owing to predatory lending habits. This is at a time when the savings culture among the youth is low and most have even shunned traditional savings institutions such as Saccos.
Delila Kidanu alongside his business partner Alexis Roman took up the challenge and founded Koa App, a digital savings companion targeting the youth. Their savings can earn returns.