Mukuru Service

Mukuru Service is a Fintech business service found in 2004 and based in the United Kingdom that gives the emerging consumer access to financial services.[1][2] The service operates in several African countries, such as South Africa,[3][4] as well as in some parts of Asia and Europe.[5]

Mukuru
Mukuru Service
Industry
FoundedJune 2004
HeadquartersUnited Kingdom
Area served
Worldwide
Websitewww.mukuru.com

History

Mukuru started as a simple service in the United Kingdom that allowed consumers in London to buy an international talk time voucher, confirmed by text message; to connect with family in Zimbabwe.[2] In 2009, the service developed to enable migrant workers to send money from the UK and EU to their families in Zimbabwe.[6][3] In 2010, as a result of a joint venture with Inter-Africa, a Bureau de Change, in South Africa, the service started working in South Africa.[7]

By 2020 the service expanded into China.[8] Mukuru has also partnered with the Stanbic bank of Zimbabwe.[9] The service has also partnered with several brands in Africa.[10][11]

Mukuru means ‘elder’ in Shona and the name was adopted to represent a trusted, wise, and supportive advisor in the Southern African community.

Services

The platform specializes in sending and receiving money, as well as groceries.

Partners

The service has partnered with WorldRemit[12][13] and several other entities.[14]

References
  1. "Mukuru | Our Values | More Than Money Transfers". Mukuru. Retrieved 2023-09-30.
  2. "Mukuru.com – More than money transfers". Mukuru. Retrieved 2023-09-30.
  3. "Mukuru: A Money Transfer Service For South Africa – Greater Good SA". www.myggsa.co.za. Retrieved 2023-09-30.
  4. Zintle (2022-07-14). "Mukuru Expands its Services". IT News Africa | Business Technology, Telecoms and Startup News. Retrieved 2023-09-30.
  5. "Mukuru's Bulk Payment Platform: Extending Financial Inclusion Across Africa". www.africa.com. 2022-10-21. Retrieved 2023-09-30.
  6. Newsroom, APO Group-Africa; Mukuru (2022-07-14). "Mukuru Expands Services and Unlocks Value for Africans with New Campaign". www.africa-newsroom.com. Retrieved 2023-09-30.
  7. Writer, Staff (2021-11-08). "Mukuru expands in SA with Pargo card collection, WICODE". ITWeb Africa. Retrieved 2023-09-30.
  8. https://www.iol.co.za/business-report/companies/mukuru-expands-to-more-african-countries-e8d81c4f-dd97-476e-9c2b-1d0b24c2d7ec
  9. "Mukuru". www.stanbicbank.co.zw. Retrieved 2023-09-30.
  10. www.pepstores.com https://www.pepstores.com/page/pep-money/money-transfers/international-money-transfers/mukuru. Retrieved 2023-09-30. {{cite web}}: Missing or empty |title= (help)
  11. "Interview with Andy Jury, CEO at Mukuru – Global Brands Magazine". 2021-11-16. Retrieved 2023-09-30.
  12. "Mukuru and WorldRemit Partner to Further Expand Remittance Service into Southern Africa". www.businesswire.com. 2020-10-05. Retrieved 2023-09-30.
  13. https://www.uktech.news/technology-news/worldremit-partners-with-mukuru-to-fortify-remittances-and-expand-cash-pick-up-network-in-zimbabwe
  14. Khumalo, Sibongile. "Africa's fintech industry poised for rapid growth, amid regulatory headaches". Business. Retrieved 2023-09-30.

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