Eshandi

Yango Group, a global tech company that creates daily services, and eShandi Financial Services Limited, a prominent Pan-African challenger bank, today announced a strategic partnership to empower individuals and businesses with greater access to financial services. This landmark agreement establishes a $10 million financing facility dedicated to supporting the expansion and renewal of Yango’s fleet across Africa including Zambia, Namibia, Angola, DR Congo, and Ethiopia. This initiative directly benefits partner companies and their drivers by providing them with the necessary resources to grow their businesses. By integrating financial services into the existing Yango platform, users can manage their finances, access credit, and build assets all in one place. 
Speaking at the signing ceremony, Yango Regional Director for Southern Africa, Kabanda Chewe stated, “We are excited to announce this partnership with eShandi as it underscores Yango’s commitment to providing convenience for its users. This partnership not only provides a great opportunity to grow our flagship product, which is rides, but it also provides an opportunity to explore other market possibilities that can add great value for our partners and the partner’s drivers,” she said. 
The initial phase will prioritize Yango partners and high-performing drivers, with plans to expand access to a wider user base over time. This collaboration underscores a shared vision of empowering individuals, driving economic growth, and shaping a more inclusive financial landscape in Africa.
The partnership transcends traditional mobility solutions by leveraging Yango's extensive platform and user base to create a holistic ecosystem that fosters financial inclusion. The collaboration aims to provide convenient access to financial services through a single platform. This will facilitate the acquisition of assets like vehicles and motorbikes, allowing individuals to generate passive income and build wealth beyond their traditional employment. 
Speaking about the partnership, eShandi Chief Visionary Officer, Chilufya Mutale, expressed her enthusiasm about the transformative impact this collaboration will have across Africa.
“We are thrilled to partner with Yango in what we believe is a pivotal step towards building a more inclusive and financially empowered Africa."

Pretoria, South Africa – eShandi, a fintech company known for its innovative earned wage access services, is proud to announce that it has received a lending license from the National Credit Regulator (NCR). This new license empowers eShandi to provide affordable and accessible loan services to underserved communities across South Africa, furthering its mission to promote financial inclusion.
The lending license enables eShandi to offer flexible, low-interest loans, catering to individuals and small businesses traditionally excluded from conventional financial services. This will allow customers to meet urgent financial needs, invest in growth opportunities, and improve their financial well-being.
"We can now offer tailored loan products designed specifically for the needs of the disadvantaged income groups. This is a significant milestone for eShandi as we expand our impact across South Africa, offering solutions that empower people to take control of their financial futures," said Michael Adamson, CEO of eShandi South Africa.
eShandi’s loan services will be available alongside its existing suite of financial solutions, including earned wage access, digital wallets, and value-added services. Customers will benefit from:
• Flexible repayment terms; tailored loan options to suit individual circumstances.
• Affordable interest rates; keeping borrowing costs low to reduce financial strain.
• Quick application process; simplified loan applications via eShandi’s digital platforms, allowing for swift access to funds.
eShandi’s entry into lending is part of its broader goal to democratize access to financial services in South Africa and across the African continent. The company’s data-driven approach, leveraging AI and machine learning for credit assessments, ensures responsible lending while offering fair opportunities to those who need it most.
"We believe that access to affordable credit is a key factor in improving financial health. This addition to our product suit allows us to continue building a financial system that serves everyone, especially those who have historically been left behind," added Mr. Adamson
Visit www.eshandi.co.za for more

PremierCredit, an innovative fintech company, is proud to announce its expansion into new markets, which collectively, as a group, will rebrand to eShandi. This strategic move marks a significant milestone in PremierCredit's journey to empower individuals and businesses across Africa through cutting-edge financial solutions.

Originally established as a traditional microfinance institution in Zambia, PremierCredit has transformed into a leading fintech company, leveraging technology and strategic partnerships to deliver inclusive and accessible financial services. The rebrand to eShandi reflects our commitment to creating a personal and empowering experience for our users.

Key Highlights
· Expansion into Four Countries: eShandi is now operational in Zambia, Zimbabwe, South Africa, and Kenya, offering a diverse range of financial products and services designed to meet the unique needs of each market.
· Innovative Financial Solutions: From instant digital loans to mobile banking, eShandi provides solutions that promote financial inclusion and economic empowerment.
· Commitment to Financial Literacy: eShandi is prioritizing financial literacy alongside access to credit, ensuring that our users are equipped with the knowledge to make informed borrowing decisions.

"We are excited to embark on this new chapter as eShandi," said Chilufya Mutale-Mwila, the Group's Chief Visionary Officer. "Our rebrand and expansion reflect our mission to empower our customers with the tools and knowledge they need to take control of their financial futures. eShandi is more than just a financial services provider; it's a partner in achieving financial well-being."

As eShandi continues to grow, our focus remains on delivering innovative, customer-centric solutions that address the diverse financial needs of our users across Africa. We are committed to building a brand that resonates with our customers at a deeper level, empowering them to manage their finances with confidence.

About eShandi:
eShandi is a leading financial technology company dedicated to providing inclusive and accessible financial services across Africa. With a focus on innovation, eShandi offers a range of products including digital loans, mobile banking, insurance, payments, and more. 

Visit www.eshandi.com for more. 

March 25, 2024 – PremierCredit has partnered with Airtel Zambia PLC Mobile Commerce (Airtel Money) to provide loans to customers through the Airtel portal.

This strategic alliance signifies a monumental leap toward fostering financial inclusion for all. The partnership will enable eligible customers to obtain a loan in times of need that will directly go into their Airtel mobile money accounts instantly, eliminating the burdensome paperwork of traditional loan applications.

Speaking at the launch of the new loan service, PremierCredit Chief Executive Officer, Mr. Vincent Malekani said “ the launch of KaFast loan symbolizes a shift towards a future where financial assistance is not a privilege but a fundamental right; where access to credit is not determined by one’s socio-economic status but by the power of inclusion”.

With KaFast, eligible clients can now navigate the loan process effortlessly through their mobile devices, from loan requests to loan disbursement and beyond. This unprecedented ease of access ensures that financial assistance reaches those in need promptly, without bureaucratic hurdles, setting a new standard for convenience and efficiency in financial services.

Speaking at the same event, Airtel Mobile Commerce Country Director, Mr. Andrew Chuma said Airtel Money’s goal in driving financial inclusion has been fueled by the organization’s endless passion and desire to continue enriching the experience of its customers on the Airtel Money platform.

“We are thrilled to announce a significant milestone as we partner with PremierCredit to launch the Nasova KaFast Loan on our Airtel Money Menu for our customers. This partnership represents a fusion of expertise, resources, and vision. It is a testament to our shared commitment to driving financial inclusion and prosperity for all. By leveraging our extensive reach and PremierCredit’s robust financial offerings, we are poised to redefine the landscape of financial services in the region”, Mr. Chuma said.

Adding: ”We are confident that this partnership will unlock new opportunities, drive meaningful impact, and inspire positive change in the lives of countless individuals and communities in our society”.

March 4, 2024 - We are thrilled to announce that PremierCredit has emerged triumphant at the prestigious Techtrends Awards held on Friday, 1st March 2024, solidifying our position as a leader in the fintech industry. This year, we proudly received two esteemed accolades: “Fintech Company of the Year” and “Diversity and Inclusion Initiative.”
Winning the “Fintech Company of the Year” award for the second consecutive year underscores our unwavering commitment to innovation, excellence, and customer-centric solutions. At PremierCredit, we continuously strive to push the boundaries of what’s possible in the financial technology sector, leveraging cutting-edge technologies to deliver seamless and impactful financial services to our clients.

Being recognized for our “Diversity and Inclusion Initiative” highlights our dedication to harness the power of technology to break down barriers and provide financial solutions that meet the needs of individuals from various backgrounds and walks of life. From user-friendly interfaces to customizable features, our innovations enable us to deliver personalized financial experiences that empower all our customers to achieve their goals and aspirations.

We extend our heartfelt gratitude to you, our clients, partners, and stakeholders for your unwavering support and trust in our vision. This was made possible because of you. We remain steadfast in our commitment to driving positive change in the fintech industry and creating a more inclusive and equitable future for all. Thank you for joining us on this incredible journey.