Mukuru is a leading money transfer and financial services platform in Africa, primarily serving Zimbabwean migrants in South Africa.
African remittance startups to watch in 2026
Africans abroad sent home $56 billion in remittances to Sub-Saharan Africa in 2024. LemFi reported handling over $1 billion in monthly payment volume and processing over $2 billion in total transactions in 2023.
Mukuru users to get instant loans after JUMO partnership
Mukuru launches Fast Loan, a mobile-first credit product for South African immigrants. Loans range from R100 to R8,000, with funds disbursed instantly to Mukuru Cards.
African Fintech Duo Unveil ‘Fast Loan’ Platform for Instant Borrowing
Mukuru and JUMO launched 'Fast Loan', a mobile-first credit solution for South Africa. 16.8 million South Africans remain outside the formal credit system, lacking access to traditional financial services.
Which app gives South Africa’s migrant workers the best deal on sending their next $200 home?
Johannesburg serves as a hub for migrants from Zimbabwe, Nigeria, DRC, and Uganda, who contribute to the local economy. Over $1 billion in formal remittances flows to SADC countries each year, with Zimbabwe receiving nearly half.
Mukuru customers face balance errors after technical glitch
Thousands of Mukuru customers in South Africa woke up to missing funds from their accounts on June 19. Mukuru attributed the issue to a technical glitch, stating that actual funds were not affected.
