Remmo is using FinTech to digitize wedding contributions, fundraising. #40Days40FinTechs S3 Day 46

In the African culture, whenever a young man is going to marry his bride, it is taken as a collective responsibility for the community to make contributions towards the success of the celebrations. This is always done through wedding meetings where people converge and manually collect money, while others make pledges and fulfill them at the next meeting. However, besides the hardship of attending physical meetings, stories are told of treasurers who have misappropriated these contributions and eventually the weddings turn from celebrations to disappointments. In 2020, a group of tech enthusiasts in Tanzania decided to prevent these scenarios by introducing a mobile platform where people can automatically make pledges and contributions without attending a physical meeting or paying cash. Named the Remmo App, someone (it may be the bride or groom or any of their trusted representatives) just goes to this platform and creates a pledge account. Then they are required to fill in some data, such as the type of ceremony they want to conduct (it may be a wedding, send-off, birthday party, etc) and then they receive a unique identity. “When someone registers, they get a link which they can share on other platforms like WhatsApp. When the friends tag the link, they go to the pledges page and contribute to that cause. Those that pledge can pay in installments until they fulfill the pledge,” says Buliba Fadhili Magambo, the CEO Nderemo Company Ltd, the organization that runs the Remmo App. Based in Tanzania, Remmo is the 46th participant in the third edition of #40Days40FinTechs initiative that has quickly grown into one of the world’s premier showcase events for the innovations that are enabling more people to join the digital economy space.