Astro Technology Group, an African tech startup founded by Dr Munyaradzi Gwatidzo, has recently entered into a financing partnership with Old Mutual Zimbabwe, which is set to transform the fintech sector in Zimbabwe.
This partnership will allow civil servants in Zimbabwe to apply for USD loans from the comfort of their homes, as well as purchase products on credit from over 1000 stores across Zimbabwe through the astrocred platform.
This partnership is a significant milestone for Astro Technologies, as it demonstrates the company’s commitment to democratizing access to credit services across Africa.
The astrocred platform will empower civil servants, who are often excluded from traditional financial services, to access credit services easily and conveniently.
This will have a positive impact on their lives, enabling them to grow their businesses and improve their financial well-being.
The partnership with Old Mutual Zimbabwe is an exciting development for the Zimbabwean fintech sector.
It demonstrates the growing recognition of the importance of innovation and collaboration in the sector, as well as the potential for fintech to drive economic growth and development in Zimbabwe and across Africa.
Astro Technologies’ vision of democratizing access to credit services across Africa is a bold and ambitious one, but it is also highly achievable.
By partnering with established financial institutions like Old Mutual Zimbabwe, Astro Technologies is able to leverage their expertise and resources to create new opportunities for growth and innovation.
This partnership is also a testament to the power of collaboration in the fintech sector, demonstrating how partnerships between startups and established financial institutions can create new opportunities for innovation and growth.
