Alpteq ICT Solutions; serving the underserved. #40Days40FinTechs continues.

Our Reporter.

Alpteq ICT Solutions is a Financial Technology Company (FinTech) with a mission to become a leader in providing homemade solutions that mostly target the underserved population.

Founded in 2018, the FinTech offers a wide range of ICT solutions to women, schools and people in the informal sector, using innovative products.

It has over the last one year innovated three major products that can be easily used by the public. These are Easelend, POS UG and School Novas.

Easelend is a Savings and Credit Cooperative Organization (Sacco) software that is meant to help Saccos automate their day-to-day operations and finance management. Given that most Saccos operate informally, they find it difficult to manage daily operations and the software thus helps them to track members’ deposits, gives all Sacco members a credit score and helps them manage saccos expenses, thus ensuring transparency.

“Most saccos are women dominated. They need support to grow because when you empower a woman, you have empowered a full nation. Easelend is the software that all these Saccos need,” The Alpteq ICT solutions Team Leader Fred Musisi says.

The POS UG product on the other hand helps small businesses easily do book keeping. It targets the sector that most people do not wish go to.

“We found out that informal traders in downtown have booking keeping and expenses management challenges and that is why developed this solution,” Musisi notes.

POS UG, tracks expenses, sales and incomes of the business and helps the business to know its financial health position at every moment.

About 100 shops in downtown Kampala are already using this product since its launch at the end of 2019. Those using it are already giving positive feedback.

Musisi nonetheless notes that while the Covid-19 pandemic has had an impact on their rollout, they are on course.

POS UG is in the process of getting a financial management module that will enable its users to save and borrow from the POS community members.

Good for Teachers, Parents and Students.  

Alpteq ICT solutions’ third product is School Novas, a product that helps schools manage their operations easily yet also allowing pupils to revise at their convenience.

“Just like other businesses, schools also have challenges of managing finances. Remember many teachers are ladies so they are badly hit by this mismanagement,” Musisi says.

He notes that due to high demand, they are introducing an e-learning module in the School Novas product to enable students easily revise on their own at home at a subsidized cost to be done via mobile money or payments cards.

Musisi applauded HiPipo for organising the 40-days-40 FinTechs initiative, saying that the project has given them a chance to learn, share ideas and also come to speed with latest technologies.

“We are excited about the future of FinTechs and tech lovers in Uganda,” he says.

Alpteq is one of the firms taking part in the 40-days-40-FinTech initiative, organised by HiPipo under its Include EveryOne programme, in partnership with Crosslake Tech, ModusBox and Mojaloop. The firm featured on day 3 of the project.

The initiative seeks to enable FinTechs to innovate solutions that facilitate cross-network financial transactions at minimal risks to enhance access to financial services.

The initiative will see the participating 40 FinTechs acquire interoperable development skills to improve access to financial services, using the Mojaloop open source software.

The HiPipo CEO Innocent Kawooya says: “I am happy to see developers such as Alpteq thinking widely and boldly.”

“The 40-days-40-FinTechs initiative was designed to tell the prime financial inclusion stories of Uganda and Africa. One of those stories is that of Alpteq team. Their three main products target a huge base – schools, informal traders, retail, wholesale shops and Saccos. Many of these are dominated by women. It is nice to see more companies targeting women,” Kawooya notes.

He notes that as an open source software, Mojaloop will help Alpteq create an interoperable payment solution that would see all its three products communicating to each other.

“Mojaloop will help you break all the barriers and create one ecosystem that will benefit everyone. As HiPipo, we are ready to help Alpteq improve its products and massively roll them out. Like we always say, an economy that includes everyone, benefits everyone.”

Yassako; Mallan Company Limited helping you access electricity on credit.

Our Reporter.

Ugandans may soon be able to access electricity on credit if Mallan Company Limited, a local Financial Technology company (FinTech) successfully launches its Yassako product soon.

The micro credit product that will enable people to top up their utility bills is being developed in partnership with Airtel, which will give them access to data for credit scoring of customers and also access to a mechanism for collections.

This was revealed by Malcolm Kastiro, the founder and chief executive officer, Mallan Company Limited during the second day of the 40-days-40-FinTechs initiative that is organized by HiPipo under its Include EveryOne programme, in partnership with Crosslake Tech, ModusBox and Mojaloop.

The initiative seeks to enable FinTechs to innovate solutions that facilitate cross-network financial transactions at minimal risks to enhance access to financial services.

Running for 40 days, the project will see the participating 40 FinTechs acquire interoperable development skills to improve access to financial services, using the Mojaloop open source software.

Kastiro also noted that the Information and Communications Technology solutions company that specializes in value added services and advanced credit services in the mobile payments space, is also working on a payment gateway using the Mojaloop software that will innovate as many services as possible, with various options and features that users enjoy.

Additionally, he said that the FinTech is considering creating an ecosystem that enables its clients to invest their money using the platform , make payments or send money outside the country, on top of the current sending money from one mobile money account to another or from a mobile money account to a bank and vice versa.

About Mallan

Mallan Company Limited was co-founded by Kastiro together with his young brother Allan. Both were pursuing their childhood dream of taking over the world.

It specialises in added value and advanced credit services with emphasis in the mobile payment space.

It offers a range of products including bulk payments, mainly for Small and Mid-sized Enterprises (SMEs)  that desire to pay their employees, staff or casual labourers but who do not have the ‘Know Your Customer’ requirements to open bank Accounts. They help them do bulky payments through mobile money.

Kastiro applauded HiPipo for the initiative, saying it has given them publicity by showcasing their products.

Additionally, he said that HiPipo’s collaboration and partnership with Mojaloop is helping them further understand and appreciate the role of payments in financial inclusion.

“HiPipo is giving us that platform that we need to get the products out there; they are giving us the platform that we need to acquire customers, and to get the necessary stakeholders on board  in terms of regulation and partnerships,” Kastiro said.

Innovative brains

The HiPipo CEO, Innocent Kawooya applauded Mallan for the innovative brains, saying that it has an amazing story and many forward thinking people.

“One of the things that I would credit Mallan team for is that they have got an amazing and very organised team that is ready to go to the market and make a difference,” Kawooya said.

He added: “As we speak about transforming millions of lives using financial technology, one of the most important aspects of transformation is understanding and appreciating the benefits technology can do for our people and our lives.”

He also commended Mallan for building amazing interoperable solutions that will serve people at the bottom of the pyramid.

“Mallan has products that work with Saccos, which are amazing; it is trying to break the traditional ways of saving money in boxes and locking it with a padlock. That is very important for us to have as a service and as a thought for an organisation like them that is in financial technology,” he noted.

He added that Mallan is already embracing the use of Mojaloop, an amazing standard that is globally accepted and which works with the Global System for Mobile Communications Association Application Program Interface specifications.

“We are sure when they are developing a solution off Mojaloop, it will be interoperable, convenient, reliable and very secure because they have all those standards in the solution they are developing,” Kawooya explained.

As an ecosystem advocate, Kawooya pledged that HiPipo will support all the FinTechs that they are engaging by ensuring that they advocate for simpler regulation with the regulators and partners such as Mobile Money Operators and banks to enable them integrate much easier. He also pledged to help them on publicity so as to enable the public know the kind of products they offer.

Going forward, Mallan intends to play a great role in driving financial inclusion in Uganda, right from access to the right financial products to financial literacy and how people can interact with the different technologies available to appreciate systems and the processes.

Financial inclusion in Uganda is estimated at 78%, with formal financial inclusion estimated at 58%, according to the 2018 FinScope survey.

Kanzu Code on the path to boosting financial inclusion.

By Our Reporter.

Kanzu Code, a Financial Technology Company (FinTech) that builds inclusive financial tools is set for greater heights, following its enrollment in the 40-days-40-FinTechs project.

The 40 days 40 fintechs project has exposed Kanzu Code to latest financial technology tools that will enable them develop more interoperable solutions using new technologies such as Mojaloop Open Source Software. In all; with their involvement in this project, Kanzu Code is now much more equipped to play its part in Uganda, somewhat Africa’s financial inclusion drive.

Organised by HiPipo under its Include EveryOne programme, in partnership with Crosslake Tech, ModusBox and Mojaloop Foundation, the 40-days-40-FinTechs project seeks to enable FinTechs to innovate solutions that facilitate cross-network financial transactions at minimal risks and thus enhance access to financial services.

Running for 40 days, the project will see the participating 40 FinTechs, including Kanzu Code, acquire interoperable development skills to improve access to financial services, using the Mojaloop open source software.

Speaking on day one of the 40 days 40 fintechs project at the Kanzu Code offices, Peter Kakoma, the firm’s team leader applauded HiPipo, and its partners for investing in both technology and interactions that enable developers to build accessible, reliable and affordable financial inclusion products.

“This is a big thing for our ecosystem; we are so excited about it and committed to working together with likeminded individuals in this financial inclusion journey. We cannot wait to roll it out new products supported by latest technologies such as Mojaloop and many others into our market,” Kakoma says.



The Kanzu Code Operations Assistant Joy Amanda alluded to how the participation in the project will boost their capacity to reach more people, including women, who are often financially excluded.

“Mojaloop will create an opportunity for women to access financial services and unlimited opportunities like selling their products online, getting loans and savings,” Amanda said.

On his part, Innocent Kawooya, the HiPipo CEO said that this initiative has been informed by the need to promote secure digital financial services, given their vital role in promoting financial inclusion.

“This speaks to an ecosystem which has played a great role in transforming many lives especially in Africa but very few people have paid attention to shining a light on the amazing stories and names that are doing these great things to transform lives,” Kawooya noted.

He added: “For instance, over 200,000 families in Kenya today have solar energy; thanks to mobile financial services like M-Pesa, and the fact is that they are able to pay for solar in installments using mobile money.”

Kawooya explained that Africa and Uganda in particular, have many amazing stories such as the Kanzu Code story, that need to be brought to the limelight.

“Kanzu Code has a team of developers; it is developing solutions to ensure that it empowers the under and un banked, some of whom are working in Saccos and other operations that allow them to start thinking of saving and investment,” he said.

Kawooya said that by promoting financial technology as a sector and the general financial inclusion ecosystem in particular, will play a critical role in boosting financial inclusion in Uganda.

“Today, Africa speaks to more than 400 million mobile money wallets. That means 400 million people are banked. So this initiative in may be another five years should cause another 400 million people to get banked thanks to solutions like Mojaloop that causes interoperability,” he said.

The initiative is expected to boost the on-going financial inclusion efforts in Uganda.

The 2018 FinScope survey puts Uganda’s formal financial inclusion at 58%. If combined with informal, Uganda’s financial inclusion jumps to 78%.


Kawooya noted that with such collaboration, the market for FinTechs in Uganda is destined to expand and that FinTechs will become more profitable by leveraging technology to onboard more customers.

Additionally, he said that telecoms will also be able to provide more financial services, other than the Person-to-Person and withdrawals, to do more loans, savings and insurance. The government and the non-governmental organizations will also be able to serve the vulnerable in a much better way that includes everyone.

He noted that the collaboration will see them support Kanzu Code and other participating firms to get their product to the last person so as to impact lives.

Using their expansive network of global experts, HiPipo will also offer advisory services to the participating firms.

The 40 days 40 fintechs project will continue tomorrow with the second FinTech profiled.

About Kanzu

Celebrating its 6th birthday, Kanzu Code is a technology company that builds inclusive financial tools for businesses, individuals and communities.

It offers a number of tools for businesses, individuals and communities including Kanzu Banking, – a  software that empowers micro-finance institutions, savings and investment groups to manage their portfolios seamlessly using reliable, user-friendly and secure web and mobile technology.

The other tools are Kanzu Money, which allows for sending money from one mobile operator to another in a simple way, in addition to building enterprise web and mobile solutions for different businesses.

#40days40fintechs Update: Interaction with shortlisted participants kicks off.

KAMPALA, UGANDA – 07 May, 2020. As part of its on-going Financial Inclusion efforts, HiPipo will tomorrow 08th roll-out the second phase of the 40 DAYS 40 FINTECHs initiative.

This phase will include direct interactions with shortlisted FinTechs; shining a light on to one participant every day for the next 40 days – Monday to Saturday, introduction to interoperability using Mojaloop and wider discussions on both opportunities and challenges in the sector.

Announced on 13th May 2020, the 40 DAYS 40 FINTECHs project is showcasing 40 Africa based Financial Technology companies with Women led FinTechs given special attention.

While unveiling the project recently, Innocent Kawooya – the HiPipo CEO noted that this initiative will help to expose local FinTechs, Developer teams or emerging companies to new tools available to reach the poor and as such extend access to innovative financial services.

“FinTechs should be excited because they have a grand chance to expand their market, first through learning and developing interoperable solutions using new amazing technologies such as Mojaloop. And secondly, because of the many discoveries and lessons they are going to make from the many astonishing and failed stories that we are going to discover and expose to the FinTech community and the world.” Mr. Kawooya said, adding;

“Additionally, thanks to this initiative, Mobile Network Operators and Banks are going to be more open to integration and collaboration and last but most importantly, one or a number of the FinTechs that will participate in the initiative, collaborate and embrace the use of Mojaloop might turn into the real heroes of our economy that will maybe create a payment switch that will simplify payments interoperability in different markets forever.”

For the next 40 days, this project will be aired on Smart 24 TV at 8pm, uploaded across social media and featured in other traditional and new media outlets.

A few slots still remain for both Ugandan based and Women centric Fintechs. Follow this link to learn more about the 40 DAYS 40 FINTECHs registration –

Include EveryOne Program.

HiPipo is keen to promote secure digital financial services because of their vital role in promoting financial inclusion. We through the Include Everyone program identify, analyse, and prioritize trends and innovations in digital financial services (DFS) that have potential impact on financial inclusion in Africa. The primary objective is to flag, advocate for and shine a light on impactful and transformative directions in the financial inclusion arena.

Our aim is to influence and shape financial technology and policy decisions within regulators, policy makers, government, political, economic, and social systems and institutions.

About Mojaloop OSS.

Mojaloop OSS is open-source software for financial services companies, government regulators, and others taking on the challenges of interoperability and financial inclusion. It was originally developed by ModusBox with funding from Bill & Melinda Gates Foundation Level 1 Project in 2017.

However, on May 6th 2020, the Mojaloop Foundation was unveiled with its initial sponsors being Coil, Bill & Melinda Gates Foundation, Google, ModusBox, Omidyar Network, and The Rockefeller Foundation. The established of the Mojaloop Foundation will extend financial inclusion efforts, initiated by the Mojaloop platform to over 500 million people in developing countries.

In West Africa, MTN and Orange Group are already using Mojaloop for a joint mobile money wallet product code-named MOWALI, Tanzania, at the start of 2019 rolled out the Tanzania Instant Payments System (TIPS) fully supported by the same software while in Kenya, a Mojaloop developers community is picking up.

Mojaloop made its entry in to Uganda in September 2019 with a 3 days Hack Mojaloop Developers workshop held in Kampala and organized by HiPipo – a local partner of Mojaloop in the country.


International Women’s Day: Let us empower women with financial inclusion.

Women in FinTech Hackathon

On one of our HiPipo Foundation travels, we took some time to read about the most influential people of 2019.  We were touched by the story of a lady from South Africa who has committed her life to support gender violence victims majority of which are women.

Across Africa and in several parts of the world, violence against women and children is one of society atrocities that has hampered deeper financial inclusion, education and health access.   Women and Children under violent households and communities will be denied owning a phone later on have a mobile money account in their possession and control so as to save money and transact.

As we celebrate International Women’s Day, at HiPipo Foundation we echo the message of many across the world, to rally together and stop violence against women and children. Plus we urge all communities to support initiates that are aimed at empowering women with financial inclusion.

More Collaboration Will Foster Digital Financial Services Security

Trust of the financial eco system is central to mass adoption and deepening financial inclusion. Concerns of fraud and loss of customers` funds more so funds for the poor can lead to deep hesitation to use digital financial platforms and tools.

Mobile money has largely been delivered with more traditionally secure telecom channels such as USSD and STK. While these have their know vulnerabilities, their technical exploitation has been less perpetrated but a lot of social engineering through communication and persuasion of unsuspecting customers to share PIN, OTP and send money to fraudsters has been a very regular occurrence in the leading mobile money markets.

The era of interoperability fueled by leading platforms such as Majoloop will potentially increase the scale of possibility to fraud with fraudsters on one network targeting those on another network or bank to transfer funds over the interoperable Majoloop powered switch.

As thus, the industry stakeholders and players including telecoms, banks and regulators that handle KYC, need to collaborate more to share information of sim card centered frauds that fuel mobile social engineering fraud.

HiPipo Foundation Include Everyone program will take extra effort in our research, education and advocacy campaigns to ensure stakeholders appreciate the increased scale of social engineering fraud and collectively collaborate for information sharing.  This will also supplement efforts to combat AML and CFT.

Another dimension of growing risk is increased transactions over new generation digital channels i.e Apps, Web and social banking. Cybercrime that was initially Internet IP centric will hence forth increase as we see channel advances. Similarly, effort from tech and regulatory fronts will have to be boosted to hasten cyber protection of unsuspecting and naive consumers of which majority would likely be the poor, women and youth that a newly banking or semi banking citizens.

Join HiPipo Foundation during the Include Everyone advocacy events series to discuss these issues and provide best practice recommendation to addresses these financial inclusion challenges.

Mojaloop Phase 4 Convening – Johannesburg, South Africa

HiPipo Foundation Include Everyone Team Attend Mojaloop Phase 4 Convening – Johannesburg, South Africa

HiPipo Foundation Include Everyone Team, were privileged to participate in the Mojaloop Phase 4 convening that was held in Johannesburg, South Africa, between 27 to 30 January 2020.

The convening had 115 attendees from 23 countries confirming its stable growth and setting new record.

Among several presentations, HiPipo Foundation Include Everyone team presented results from the #HackMojaloop and Summit that was held in Kampala during Q4 of 2019.

The convening event attendees performed over 142 ATM transactions and 80 POS transactions in a proof of concept demonstration of the software capabilities.


This further brings to light Mojaloop readiness for commercial adoption. Plus, with projects such as Mowali and TIPS planned to commercially go live soon, we are seeing the interoperability revolution start to materialize.


From a technology perspective, much has been achieved and more is on the roadmap for Mojaloop improvement as the default interoperability software platform. Performance, fraud management, settlement, cross currency, versioning, security are among the domains that were earmarked for improvement in the next Program Increment.

HiPipo Foundation Include Everyone team thank and greatly appreciate all the participants and community contributors including Modusbox, Crosslake, and The Level One Project for steering the project to the current achievement. We are looking forward to the next convening in Zanzibar.