Our mission
We believe that money can be made simpler. From the way information about financial products is presented, to the way we talk about money.
Why we started Zazu
Expensive
In urban Zambia, to open and operate an account costs 11% of someone’s income and in rural Zambia, it goes up to 34%.
Long waiting time
An account takes weeks to obtain and KYC procedures prevent people in low income groups from opening one.
Undeveloped products
Mobile Money by telco’s hasn’t had the same adoption seen in East Africa. This is because the ecosystem hasn’t been sufficiently developed, nor the products.
The big idea
Lots of companies and low quality products
Zambia is home to thirty-four microfinance companies, twenty commercial banks, seventeen payment systems & four mobile network operators. They are all competing for the same customer, you. And oftentimes, they don’t have a compelling product to get repeatable business from you.
On the other hand, consumers spend too much time and too much money, on poor products and services.
Better financial product
Zazu want to bring unrivalled transparency to the financial services industry. Imagine if within the Zazu app, you could insure your home, your field or your car? Or if you could access the best loan, customised to your needs?
Aggregating financial service providers in the Zazu app, helps them with discovery. More importantly, it puts customers in the driving seat by ensuring only the best product gets seen.
The helpful money app
We are making money simpler. Instant notifications on transactions. Helpful notifications. Bill payments in app. Free money transfers. Are you in?
See some of our customers
Businesses are looking for a cost effective way to get paid. Whether it’s online, or offline, Zazu has a suite of payment options, that are mobile, fast and secure.
Food Lovers
Food Lovers is one of the Top 4 Supermarkets in Zambia. They partnered with Zazu at Eastpark Mall, one of their most popular outlets with high foot traffic. In such a busy environment, with frequent low volume purchases, speed was imperative. Food Lovers opted for ZazuPay, which powers quick and secure payments: enabling shoppers to get served in a timely manner. At the end of the day, Zazu settles with Food Lovers in their preferred bank account - giving them data about the day’s transactions.
As an early adopter, Zazu worked with Food Lovers, to craft a unique proposition. Each payment routed through Zazu, saw the customer earn 2% cash-back instantly.
Conservation Farming Unit (CFU)
CFU are working with smallholder farmers across Zambia, readying and prepping them to adopt climate smart agriculture. These farmers are supported with a stipend, to power their experiments and eventual adoption of climate smart agriculture. These stipends can only be spent on specific items, in vetted shops up and down the breadth of Zambia.
CFU uses Zazu to ensure that farmers are given the stipend, and that the stipend is spent on approved shops. In the background, Zazu routes payments between all parties, and provides CFU an audit trail, to prove their impact to their funders.