Mipango APP is spearheading Financial Literacy for Youth and Women. 40 Days 40 FinTechs Tanzania Day 25


It is not unusual that you will have TZS 100,000 in the morning and by evening you will have spent it all. This is so because while making more is hard, managing this money after earning is even much harder.

But that is where technology comes in handy. Innovators have developed several tools to spearhead prudent financial management, and financial literacy and eventually enhance financial inclusion efforts. One of the tools cultivating the financial literacy culture in Tanzania is Mipango FinTech.

Mipango FinTech, also known as Mipango App is an AI-enabled Personal Finance App for the African Market. It enables users to track their income and expenses, set financial goals and get personalized financial advice and investment opportunities.

“We enable our customers to be able to manage their finances in terms of being able to track their budgets, and their goals as well as get personalized financial advice. The application is available on both Android and IOS platforms. We have chosen the segment of personal finance because we believe that for someone to attain financial literacy, they must be able to manage their finances,” Agness Mollel, the Co-Founder and COO of Mipango FinTech said, adding:

“From an African perspective, managing personal finance is something you get to learn probably once you are at work. We believe that if we try to change people’s behaviours of managing finance from the early age of eighteen, we would be able to drive behaviour change in terms of saving and investments and attain financial literacy and inclusion at the end of that. Our target audience is the Youth and Women”

Mollel noted that they are diversifying the Mipango platform to also offer loans and payment services to customers.

“We are building a feature which will enable our customers to be able to access loans within the platform through their credit score as well as enable them to be able to spend through the application. We are creating an e-wallet feature to support this,” she said.

The HiPipo Team interacted with Mipango FinTech on Day 25 of the 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 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, Crosslake Technologies, 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 the 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.