Operating in Francophone Africa, Futa integrates a payday loan program into payroll systems, enabling employees to access emergency funds quickly using payroll data to establish creditworthiness. Repayments are automated through payroll deductions, relieving cash flow pressures on MSMEs and ensuring a near-zero default risk for businesses.
In this video interview, Futa’s Co-Founder and CEO Grace Jerolgan Nganakala discusses what prompted her and her co-founder to transform their payments app into a financing platform for small businesses and their employees.
