Tangazoletu‘s Spot Cash has won the Think Business Banking Awards 2015 in the Special Award for Product Innovation.
As one of the first mobile banking platform for SACCOs, SpotCash connects SACCOs to their members with access channels to transact and interact with their financial institution anytime anywhere by dialing *645#.
SpotCash Mobile Banking solution integrates to core banking systems, telecommunication companies infrastructure and mobile money transfer systems to offer services such as Balance enquiry, cash withdrawal, cash deposit, loan application, loan disbursement, loan repayment, share purchase among others to our over 500,000 members registered.
The Banking Awards 2015 were the tenth celebration of the achievements of the banking sector. This year’s theme was “Innovating banking for greater financial inclusion”.
Besides there being over 7 nominees in the Special Award for Product Innovation category, there was only one winner and no runners up making Tangazoletu Limited the only Technology Company to win an award at the prestigious Banking event hosted at Safari Park Hotel.
The firm founded by 32 year old Chris Gathingu in 2007 has worked with Safaricom Limited as an innovation partner to innovate and grow M-Pesa and thereby credited for services like Lipa Na M-Pesa, Sure Pay, and M-PESA online among others. Tangazoletu is also the technology partner for the USAID funded TIBU system; a data collection, submission, group report processing, finance and payment solution used in monitoring and evaluation functionality in TB care within the Ministry of Health Services in Kenya.
One of those ways was by providing a mobile banking platform that would seek to serve the SACCO clientele. This mobile banking platform would be very easy to comprehend and use, would work on entry level phones, would walk the client through the processes, would be easy to embrace, would do away with the mattress savings culture thereby reduce cases of insecurity, and would be affordable to buy, run and maintain, That’s how SPOT CASH Mobile Banking came to be.
Tangazoletu Limited will soon be launching SPOTCASH Agent, an Agent banking facility which will further assist to serve the customers in the grassroots, enhance efficiency and deepen financial inclusivity.