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SumoTrust

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Savings platform enhancing financial management and investment culture in Africa.

Overview

SumoTrust is a savings platform targeting individuals in Africa, with an emphasis on improving saving and investment behaviors. The platform features automated savings and investment accounts, enabling users to establish multiple savings goals and automate the allocation of funds. It includes functionalities such as round-up savings and analysis of spending patterns. SumoTrust utilizes a blockchain security protocol, offering users a unique virtual bank account number and competitive interest rates on savings. The platform is licensed by the Central Bank of Nigeria and partners with online learning and entrepreneurial platforms to promote financial literacy and initiatives. SumoTrust aims to address the issues related to inadequate saving and investment practices, facilitating individuals in managing and growing their finances.

Key facts

Founded
2018
Headquarters
Abuja, Nigeria

Business model

Contact

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About SumoTrust

What does SumoTrust do?

SumoTrust is a savings platform targeting individuals in Africa, with an emphasis on improving saving and investment behaviors.

Where is SumoTrust headquartered?

SumoTrust is headquartered in Abuja, Nigeria.

When was SumoTrust founded?

SumoTrust was founded in 2018.

Which sector is SumoTrust in?

SumoTrust operates in Personal Finance Management, part of Financial Technology.

Who are SumoTrust's competitors?

Companies similar to SumoTrust include Savebeta, Jeseku, and FLAP.