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Prospa

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Prospa is a mobile savings wallet for low income earning South Africans that allows them to deposit money by buying prepaid savings vouchers from informal traders within their local community.

We help our users Prospa by creating a mobile savings wallet that works across all mobile networks, on any mobile phone, charges no monthly fee, has no minimum account balance and offers vouchers from as little as R5.

During this savings journey we make our revenue from upfront voucher fees, a portion of the interest earnings, and other services.

With MTN as a partner we're bringing Prospa to our users without the need for airtime or a smartphone. Flash Mobile Vending will get our vouchers into their 160,000 spaza shops. And currently, we're running a pilot with Unilever to explore Prospa as a B2B solution. In the future we aim to allow transactional capabilities.

Thus far we completed MTN Venture Incubation Program as the most viable startup and were recognised by  Startupbootcamp as one of the top 10 African startups from over 1,000 applicants.

Find us at the event