Bizzyn is using FinTech to transform SMEs. 40 Days 40 FinTechs Tanzania Day One

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The inaugural 40 Days 40 FinTechs initiative for Tanzania has started on a high with Bizzyn; an innovative technology company focused on delivering cloud accounting and financial management solutions to small and medium-sized businesses (SMBs) across Africa.

With a mission to simplify financial processes and empower SMEs, Bizzyn offers user-friendly software to streamline tasks such as expense tracking, invoicing, and bill management.

Founded in 2020, Bizzyn is helping SMEs transition from paper-based recording-keeping processes to digital and smart ways of doing the same, in addition to helping them source for much needed capital.

Emmanuel Kimaro, the Bizzyn founder and CEO, notes that in the past three years, the company has grown tremendously and now operates in Tanzania, Malawi and Kenya.

“We have partnered with several Financial Institutions and along the way impacted over 5,000 SMEs across the continent. Our plan is to scale to more African countries in the near future,” Kimaro says.

He adds: “We offer up to four packages. We have a starter package for small businesses like supermarkets and retail shops. We have a light package ideally for business management companies like law firms and consulting companies. We also have gold and enterprise packages for bigger businesses. Away from this, we also have Bizzy Pay which is an alternative credit scoring infrastructure.”

BizzyPay helps SMEs access affordable financing opportunities by leveraging alternative credit scoring to provide financial insights and connect SMEs to micro-lenders.

“Every small business deserves a chance to grow; we’re here to help them do that. With BizzyPay, SMEs can apply for working capital once and unlock operating capital from multiple lenders. Our platform streamlines the lending process, making it easier and faster for lenders to vet SME borrowers and make lending decisions,” Kimaro explains.  

Bizzyn is the first participant in ‘the first of its kind’ 40 Days 40 FinTechs initiative for Tanzania. First implemented in Uganda, 40 Days 40 FinTechs is an annual FinTech Innovation initiative presented by HiPipo to recognize and celebrate individuals and organizations who are making significant strides in promoting financial inclusivity through the use of technology.

It is aimed at promoting innovation and collaboration among FinTechs in Africa. The initiative is designed to provide FinTechs and startups with mentorship, training, exposure, and networking opportunities to help them grow and scale their businesses.

“40 Days 40 FinTechs is opening doors for start-ups like us to be seen across the globe, learn and scale. This platform helps to tell our story; what we are doing, how we are doing it and the impact we are having. I call upon all FinTechs to embrace this initiative,” Kimaro said. 

40 Days 40 FinTechs initiative Tanzania is part of HiPipo’s broader Include EveryOne Program that is generously supported by the Gates Foundation and implemented in partnership with Level One Project, ICTC Tanzania, Ideation Corner, Cyber PLC Academy, INFITX, NG Films, Founders Academy and Mojaloop Foundation.

The Include EveryOne program is a beacon of acceleration of FinTech Innovation, empowerment for Women in FinTech and a catalyst for investment and development in the ICT sector. Minus 40 Days 40 FinTechs, other initiatives under the Include EveryOne Program are FinTech Landscape Exhibition, Women in FinTech Hackathon, Summit and Incubator, Digital Impact Awards Africa and the Digital and Financial Inclusion Summit. HiPipo is recognized as a premier advocate of digital Innovation and financial inclusion champion, a fervent proponent of the #LevelOneProject. HiPipo has been at the forefront, actively promoting digital innovation, Instant, Inclusive Payment Systems (IIPS), and DFS across Africa. With a legacy of advising, mobilizing, and facilitating the adoption of inclusive financial services, HiPipo’s efforts have been nothing short of transformative! For almost two decades, HiPipo has successfully facilitated the inclusive adoption of these crucial services.