Fintech startup, Tafari Capital has announced the launch of Tafari App, its indigenously developed, fully integrated digital finance and e-commerce platform .
With the App, users are entitled to free personal and business accounts that also allows them to build an online store where they can sell their products and services. Besides, the Tafari App will also offer remittance services for both local and international transactions.
Also, Small, Medium and Micro Enterprises (“SMME’s”) and individuals will be able to sell products and services to consumers, while being able to receive payments through the app’s Bank-level secure feature – “Tafari Pay”.
Another interesting fact about the Tafari App is that it serves as a Digital Mall. With this, users can shop for anything from household appliances to services such as electricity and mobile data and airtime.
Dr. Thabo Lehlokoe – Executive Chairman of Tafari Capital said, “With the limitations imposed by the national lockdown in South Africa, companies have limited access to their customers and this is affecting their businesses negatively. The platform will enable companies to access a broader customer base.”
The Tafari App will allow users to open smart accounts with full transactional functionality (Cheque, Savings, or Sharia-compliant accounts) for free. These accounts can have the ability to transact in multiple currencies. Tafari Pay, with its advanced functionalities such as ‘Scan To Pay’ using QR Codes and ‘Please Pay MeTM’, will provide users with the ability to accept card payments without the use of a point-of-sale (POS) device. Through the deployment of ‘Big Data Analytics’ and ‘AI’, the Tafari App will be able to generate alternative risk assessment tools from users’ on-platform behavior. This functionality will create differentiated access to credit via the Credit Mall in the Tafari App.
According to Dr. Lehlokoe, the platform will be a boost to South Africa and much later the African continent in addressing issues of financial inclusion by providing an easy way for both SMME’s and individuals to enter the formal Financial Services sector.
Explaining further, Dr. Lehlokoe said, “For the first time, customers will have access to Personal and Business transactional accounts linked to a free digital marketplace, where they can easily and securely buy and sell goods and services from fellow users while creating a digital record that allows for easy access to credit.”
About Tafari Capital
Tafari Capital was founded by 23 members with, who are Black professionals and entrepreneurs with varying skills and experience in the private sector as well as the public sector in South Africa. The founding members have had successful careers in legal, medical, technology, financial, mining, engineering, construction, energy, education, media, advertising, and accounting sectors of the economy and were brought together by the realisation that African people need to reinforce themselves, empower each other and create their wealth.
