Clixpesa Is Bringing Traditional Kenyan Investing Techniques to Web3

Oct 18,2022,08:50

Clixpesa is bringing traditional Kenyan investing techniques to Web3. Clixpesa is developing easy-to-understand financial tools for savings, loans and insurance, co-founder Kachisa said in an interview. The app will have elements of Venmo and Web3, enabling peer-to-peer payments and loans as well as interest-bearing savings accounts. "In Kenya lending is very costly. The APY on loans is in the 200 percentile," Kachisa said. "That's why we want to use peer-to-peer so we're able to lower the interest for normal users."

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