MaxiCash is a financial support ecosystem built around Smart Remittance and Electronic Payments for the African Market and its diaspora to help support their families and enhance people’s lives. It extends its service by being a payment solution to cater for untapped markets allowing consumer to receive or make payment electronically through its Ultimate Virtual Wallet. The App is easy to use and paperless, allowing users in diaspora to enjoy faster and inexpensive transactions.
The founders – Tania Mukwamu and Ruddy Mukwamu – are both from the Democratic Republic of Congo (DRC). Their experiences with sending remittances to the DRC was the primary inspiration for MaxiCash. This is the case for many Africans in diaspora who financially support their families through various money transfer platforms. Challenges include inconvenience; costly; time-consuming paperwork; high risks, funds being non-transferable and singular.