If there is one sector that is experiencing a continuous revolution, it is financial technology (Fintech).
The sector seems to be in constant motion, transforming how businesses and people transact, offering a variety of innovative payment, money transfer, financial inclusion, and smarter financial solutions.
Over the last five years, fintechs have given users a variety of solutions, and 2025 presents new momentum that will foster continuous innovation to address present challenges, such as high transaction costs and financial exclusion, while providing user-friendly services that empower businesses and consumers.
And as such, today, we look at Fintechs making a difference, which are likely to take innovation in the Fintech space to the next level.
clinicPesa: Innovating Healthcare Financing and Access in Uganda
Founded in March 2022, clinicPesa has been transforming the healthcare landscape in Uganda, providing a lifeline to individuals who previously struggled to access affordable and timely medical services.
Currently, under the leadership of Chrispinus Onyancha as the chief executive officer, clinicPesa, which is owned by clinicPesa Group Holdings Limited, is bridging the critical gap between healthcare and financing.
Initially starting as a healthcare savings business, clinicPesa has evolved into medical loans, payments, and pharmaceutical services, empowering hospitals, clinics, pharmacies, and small drug shops with cutting-edge financial solutions that enhance healthcare access for all.
The solution is fully licensed by Bank of Uganda, the Uganda Micro Finance Regulatory Authority, and the National Drug Authority.
It also has partnerships with payment platforms such as MTN Mobile Money, which enable seamless transactions for mobile money users, particularly for maternal health services under clinicPesa MaMa’s.
This year, clinicPesa will seek to achieve significant growth through expansion, innovation, and strategic collaborations.
With over 1.8 million customers served across 2,717 healthcare centres, the fintech plans to double its customer base. It will also ensure that 30% of its users actively benefit from new service offerings and innovative solutions for the future such as clinicPesa Investment Fund.
In partnership with a multinational fund manager, clinicPesa Healthcare Payment Card, Expanded Bank Partnerships, clinicPesa Pharma, a pharmaceutical service in collaboration with ADS Pharmacy.
While clinicPesa currently boasts nationwide coverage in Uganda, the company’s long-term strategy focuses on ensuring that every household benefits from its services within the next five years.
Xente: Powering smarter financial operations for businesses
Founded by Allan Rwakatungu, Xente helps enterprises to account for every shilling and take control of their financial operations by providing software that simplifies revenue collection and expenditure management.
Licensed by the Bank of Uganda, Xente Solution manages disbursements to teams, suppliers, and other beneficiaries via mobile money, bank transfers, and other digital options. It is also fixed with software that manages workflows, reporting, and security features that make financial operations seamless.
Xente currently moves billions of shillings monthly for more than 300 companies across Uganda, including MultiChoice, NSSF, and Asili.
This year, Rwakatungu and his team will be seeking to double down on innovation with focus put on enhancing payment collections (local & international) to provide for online invoicing and digital storefronts as well as re-launching corporate cards, corporate travel solutions, access to working capital and foreign exchange (FX) services, among others.
The fintech team will also leverage AI and technology to stay ahead by developing intuitive, secure, and transformative tools.
FutureLink: Building a smarter and climate-conscious financial ecosystem
2025 demands leaner, smarter, and inclusive solutions. Founded by Vincent Tumwijukye, FutureLink seeks to ease business operations by automating processes and using AI to understand local financial needs.
The solution has, since its inception, focused on helping Saccos, MFIs, and underserved communities to thrive in the digital economy.
In 2024, Tumwijukye and his team took a major leap to launch the first-ever Industry Dashboard – a real-time intelligence tool that helps financial institutions analyze market trends, refine products, and adapt strategies based on data from hundreds of thousands of customers.
All this is done while safeguarding the integrity and confidentiality of data.
FutureLink has built around MSACCO, its flagship product, to evolve into a smart personal finance assistant with users able to pay school fees, manage savings, and obtain and repay loans through their mobile phones using the MSACCO App.
This year, the fintech will focus on financial inclusion, climate action, and expansion beyond Zambia and will use big data and AI to support climate response to ensure that financial services don’t just empower people, but also protect the planet.
Interswitch: Building an inclusive and digitally connected Africa
Interswitch has for 20 years ensured that Africa enjoys the same level of financial access and services as the rest of the world.
What started as a solution to connect ATMs across banks in Nigeria has grown into a financial inclusion, innovation, and digital transformation solution across Africa.
Today, the fintech operates in 26 African countries, including Uganda, where it has moved from just connecting ATMs to full financial inclusion.
Interswitch currently has a new solution, Verve, which allows cardholders to access funds from over 650 ATMs on the Interswitch network and withdraw cash from Quickteller agents across Uganda, while enjoying lower transaction fees.
Through the HEARTS strategy, Interswitch will this year seek to accelerate digital transformation and reach last-mile consumers in healthcare, energy, agriculture, real estate, transportation, and social services (HEARTS).
This year, Interswitch will leverage AI as a gateway to smarter and more inclusive banking, while protecting user data and maintaining digital trust.
ioTec Limited: Revolutionizing payment systems
Founded by Kenneth Kwesiga, ioTec Limited is licensed by the Bank of Uganda as a financial technology company that is dedicated to transforming the way businesses and financial institutions manage payments, identity verification, and credit data.
Through ioTec Platform, the company’s flagship product, it provides solutions for identity verification, disbursement and collection of payments, and credit referencing.
The solution primarily serves licensed credit providers to seamlessly manage financial transactions, enhance security, and create smoother customer experiences.
This year, ioTec will focus on accelerating business transformation through strategic long-term partnerships that build trust and reliability, clear brand differentiation and recognition in the market.
The fintech also looks to have effective marketing and storytelling, while offering deep customer insights to deliver exceptional experiences and meet evolving needs.
Inputi Limited: Revolutionizing agriculture through digital solutions
Founded in 2020, Inputi is an Agtech solution, harnessing digital technology to transform farming and enhance agricultural productivity.
The company offers smallholder farmers seamless access to genuine agro-inputs, market linkages, finance, insurance, post-harvest handling services, and agro-advisory services via an innovative digital platform.
This comprehensive approach, Baylon Ambition Mwine, the general manager, says, empowers farmers to optimize their productivity and improve their livelihoods.
Inputi is also playing a key role in driving sustainability in the coffee and cocoa sectors with its Farmer Enterprise Management Solution, a traceability solution that enables farmers to comply with the EU Deforestation-Free Regulation by tracking farming activities, ensuring transparency, and verifying sustainable sourcing.
This year, Inputi plans to increase investment in technology, expand its reach by forming distribution partnerships, strengthen collaborations with farmer groups, strengthen partnerships with financial institutions, and explore regional expansion, beginning with Rwanda, to scale the impact of its solutions across borders.
All this seeks to address key agricultural challenges such as market access, financial barriers, EU Deforestation-Free Regulation compliance, and supply chain efficiency.
Through its mobile platform, the fintech provides farmers with real-time guidance on crop management and best practices, improving productivity and yield.
MUDA Ventures: Stirring up cross-border payments and FX liquidity
MUDA Ventures is a B2B provider of cross-border payment and forex liquidity solutions that address liquidity shortages and fraud risks in African payments.
Anastacia Tshesane to become PwC SA CEOWith its automated platform and OTC desk, MUDA ensures secure, fast payments and the best forex rates.
Charlene Kanyali, the director of operations, says MUDA grosses $400m in annualized transactions, serving a diverse clientele, including Fintechs such as Eversend, Cellulant, and AfriExmin Bank, as well as sectors such as airlines, fuel companies, and banks.
As it aims to surpass $1 billion in GTV by 2025, MUDA is gearing up to scale through the launch of new products and innovations.
This year, the fintech has introduced a new liquidity rail service to optimize businesses’ use of stablecoins for payments to pre-fund free cross-border payments, to cater for currency withdrawals, and liquidity aggregation.
MUDA is also launching an automated OTC exchange designed to enhance FX and liquidity trading, which will reduce trading time, improve user experience, and provide access to international payouts.
JUMO: Empowering financial inclusion
Since its founding in 2015, JUMO has been at the forefront of driving financial inclusion by leveraging AI-powered financial technology.
Through strategic partnerships with both banks and e-money operators, JUMO has enabled millions of entrepreneurs to access digital credit and savings products.
With over $7 billion disbursed to nearly 29 million people in countries like Uganda, Ghana, Kenya, Tanzania, Zambia, Côte d’Ivoire, and South Africa, Wilfred Wabwire, Country Manager, says JUMO is a proven and sustainable provider of microcredit in Africa.
Known for its rapid market entry and low infrastructure costs, the fintech’s mission is to make banking accessible to everyone, anywhere, and at any time.
This year, JUMO has continued to push boundaries by offering flexible credit services in partnership with Airtel Money and MTN mobile money through several products such as Wewole, which was launched in 2017, Mosente, and e-Money asset-backed securitisation.
It has its focus on largely micro, small, and medium enterprises, which make up at least 65% of its clientele.
XENO: Empowering investors
Founded by Aeko Ongodia, Xeno seeks to help individuals, groups, and institutions achieve their financial goals.
This year, John Kamara, Country Manager XENO Uganda, says they seek to double down on deepening engagement with stakeholders. They will also ensure that investing is accessible, transparent, and aligned with real-life financial goals.
This will be achieved through shaping a future where everyone can achieve financial security by expanding financial literacy, enhancing trust and transparency, and driving innovation in investment tools.
Xeno will also focus on providing tools that simplify investing and enhance a customer-first approach, where every feature is designed to help users achieve their financial goals.
Through strategic partnerships with several entities such as Airtel Money and MTN Mobile Money, Xeno reaches about 34 million mobile money users, offering them different investment options.
The fintech has also built new solutions such as AutoSave, a feature that is available on MTN mobile money and Stanbic Bank and allows users to automate savings from as low as UGX 10,000, seamless deposits, and withdrawals.
XENO offers more than just an investment platform, but provides a personalized, goal-driven financial journey through customer-first design, agile technology, and unmatched accessibility.
The company has more than 400,000 registered customers who are actively planning, saving, and investing.
Rexial: Transforming automated direct debit solutions
Founded by Aeko Ongodia and Arthur Nakaka, Rexial is revolutionising recurring payments in Uganda by enabling merchants to automate direct debits from both bank and mobile money accounts.
Traditionally, direct debits have been costly, manual, and paper-based, but Rexial has digitised this process, building a scalable account-to-account network that streamlines subscription-based payments for businesses.
In Uganda, essential services like TV subscriptions, water bills, and savings contributions are often treated as one-off payments, creating inefficiencies in the payment process.
However, Rexial’s automated system eliminates this friction, enabling consistent, hassle-free transactions for both businesses and consumers.
Over the past 18 months, Rexial has successfully piloted its solution within the Bank of Uganda Sandbox, partnering with XENO, a retail fund manager, and Stanbic Bank.
The Fintech has already embarked on expanding its reach by building strategic collaborations such as banks and mobile money operators, pursuing regional expansion.
Yellow Card: Revolutionising financial access
Founded in 2016 by Chris Maurice and Justin Poiroux, Yellow Card is Africa’s largest licensed stablecoin-based infrastructure provider. It operates across 20 countries, empowering individuals and businesses to make international payments, safeguard assets, and access liquidity using stablecoins such as USDC, USDT, and PYUSD.
The Fintech was launched in 2019 and has since processed nearly $5 billion, primarily in stablecoins, and earned recognition as the “Disruptor of the Year” at the 2023 Africa Financial Industry Summit.
As a licensed Virtual Asset Service Provider in South Africa, Botswana, and the EU, Yellow Card has a team of 250+ employees from 24 countries – 45% of whom are women and has accumulated over $85 million in funding from top venture firms such as Polychain Capital and Blockchain Capital, along with strategic investors such as Coinbase and Block.
In Uganda, Yellow Card continues to thrive under the leadership of Jonathan Kasugu as county manager, with the target of reshaping Africa’s financial landscape with cutting-edge stablecoin infrastructure.
This year, Yellow Card has already started scaling heights by focusing on expanding its market reach, driving innovation, and enhancing client engagement by investing and innovating about $33 million in Series C-funding, growing its client base by 50%, collaborating with banks, payment platforms, and Fintechs to boost liquidity and drive stablecoin adoption across Africa and focusing on expanding into more African markets.
4G Capital: Empowering entrepreneurs with smart capital
Since it was launched in 2017, 4G Capital has transformed businesses both in Uganda and Kenya by combining working capital loans with practical, context-relevant business training.
The fintech’s approach goes beyond just providing access to finance, but equips micro and small enterprises with the tools and knowledge they need to thrive.
Under the leadership of Benjamin Mukasa as the country manager, 4G Capital offers tailored business training to help entrepreneurs manage, grow, and strategically use the funds they access.
Many of its clients have been excluded from the formal financial system and are offered support to unlock their potential through seamless, dignified financial services through mobile money and FlexiPay, with subsidised costs.
This year, 4G Capital has focused on expanding its operations beyond Uganda and Kenya to reach new East African markets.
More than 7,000 businesses across Uganda have benefited from 4G Capital’s work, with each beneficiary business receiving working capital loans and personalised business training.
This blend of capital and coaching is what sets 4G Capital apart, empowering entrepreneurs to build resilient businesses.
Last year, 4G Capital, which was a little challenging, innovated several products, among which included the introduction of a USSD-based repayment solution.
