Financial Performance:
- As of December 31, 2022, Letshego boasted:
- Over 10 million customers across 11 African countries.
- A loan portfolio exceeding USD 2.4 billion.
- Total assets exceeding USD 3.1 billion.
- They report consistent year-on-year growth in customer base, loan portfolio, and total assets.
Impact and Recognition:
- Social Impact: Letshego focuses on financial inclusion and empowerment, particularly for underserved communities. They actively invest in local initiatives and support programs.
- Sustainability: Letshego prioritizes environmental sustainability and implements responsible business practices.
- Awards & Recognition: Letshego has received numerous awards and recognitions, including:
- Best Mobile Banking Innovation (Global Business Outlook, 2020)
- Top 100 Fintech Companies in Africa (The Banker, 2021)
- Financial Inclusion Award (African Banker Awards, 2022)
Specific Products and Services (examples):
- Personal Loans: Offers various personalized loan solutions for diverse needs, such as education, home improvement, or debt consolidation.
- Microloans: Caters to small businesses and individuals with smaller financial requirements.
- Savings Accounts: Provides various saving options with competitive interest rates, including regular savings, fixed deposits, and children's accounts.
- Insurance: Offers life, accident, and property insurance products to protect individuals and businesses.
- Money Transfers: Enables convenient and secure local and international money transfers.
- Bill Payments: Allows for quick and easy bill payments for utilities, airtime, and school fees.
- Merchant Payments: Facilitates convenient payments for goods and services at partnered merchants (availability varies by country).