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Internet Banking, Agency Banking and other Self Service Channels have revolutionized the way we access and use banking services. Sadly though Lending has still remained medieval; due to stringent Banking Regulations and mostly because many Small Businesses lack Collateral to secure this Credit.
Technology has not been as fluent in supporting this challenge hence the Wallet Trade Finance Platform (WTFP).
We are building a business that not only addresses the access to Credit challenge digitally, but also enables adherence to stringent Banking Regulations including Credit Quality Scoring, Anti Money Laundering (AML) and Know Your Customer (KYC) Protocols.
We don't intend to change anything, we simply hope to profitably Disrupt the Billion Dollar Trade Finance business and with some Luck build a Revolutionary Business Model.
We enable smallholder suppliers build resilient small businesses through access to Zero Collateral Capital, while supporting Banks grow a compliant and Profitable Trade Finance Portfolio.
We aim to support our customers with Risk Management tools that generate a single source of truth throughout the life cycle of a Supply Chain transaction.
Technology has made it possible to painlessly setup and run a business - all software necessary to setup essential functions is on the market today including some function specific solutions. But access to credit still lags behind mainly due to stringent banking regulations and mostly because many small businesses lack collateral to secure this Credit.
We are building a business that not only addresses the access to credit but enables adherence to stringent banking regulations including Credit Quality Scoring, Anti Money Laundering (AML) and Know Your Customer (KYC) Protocols.
We dont intend to change anything, we simply hope to Disrupt the Billion Dollar Trade Finance business and with some luck build a revolutionary business model.
We are a Fin Tech Platform supporting access to Credit for Bottom of the Pyramid Suppliers through Zero Collateral Credit; enabling them build resilient small businesses, create Employment and Positively contribute to the broader Environmental, Social and Governance (ESG) objectives.
Oscar G Ofumbi ACSI
Oscar G Ofumbi ACSI is the Managing Partner and combines his illustrious experience in Agriculture, Finance and Logistics.
Floridah Oyungrwoth is an Advocate of the High court of Uganda and brings her securities and legal expertise covering diligence.
Samuel is an enthusiastic professional with a successful career in Banking coupled with a sound Financial Background of over 25 years. He has extensive experience in Banking Operations with International and Local Banks. Combines excellent interpersonal, ethical and technical skills with a natural desire to provide a personal commitment to quality.
Immediate last responsibilities covered overall Strategic Management of Commercial Bank of Africa (Uganda) Business Operations in terms of governance, performance, management,
advisory business, client relationship and human resource management.
Joseph S. Kitamirike
Joseph S. Kitamirike previously worked as Chief Executive of Uganda Securities Exchange, between August 2010 and August 2013. Joseph is the Immediate Past Chairman of the East African Securities Exchanges Association (EASEA), and was until August 2013 an executive member of the African Securities Exchanges Association (ASEA). He served as director on the Board of the Central Depository & Settlement Corporation of Kenya for three years and the Fidelis International Institute.
He is a Senior Director at the Albright Stonebridge Group in Washington, DC. Joseph holds a B.Sc. (Eng.) (Hons.) in Mechanical Engineering from Makerere University and a MBA (Finance) from the University of Connecticut, USA.