About Faranga
Faranga is a groundbreaking mobile money management app designed to simplify financial transactions and empower users to take control of their finances. Launched in 2024 by Jonathan Sack, a Rwandan entrepreneur with expertise in software engineering and sales, Faranga was created to address the growing complexities of mobile money services. By consolidating essential financial tools into one user-friendly platform, Faranga offers a practical solution tailored to the needs of individuals and businesses.
Vision and Mission
Faranga envisions becoming the go-to app for mobile money management across Africa. By simplifying financial lives, fostering trust in digital systems, and promoting financial independence, Faranga seeks to empower individuals and businesses to thrive in an increasingly digital world. Its mission is closely aligned with Rwanda’s national strategies, including Vision 2050 and the FinTech Strategy, which aim to position the country as a global leader in digital innovation.
Our Key Features
Why Faranga?
Rwanda is a leader in digital finance across Africa, with mobile money transactions surpassing RWF 10 trillion in 2021. This figure, reported by The New Times, highlights the significant role mobile money plays in Rwanda’s economy. However, the proliferation of USSD codes to meet diverse needs has made system navigation increasingly complex for users. Faranga addresses this challenge by consolidating these services into one app, simplifying mobile money management. Users no longer need to memorize multiple codes for tasks like sending money, checking balances, or paying bills; everything is accessible with just a few taps on their smartphone. Faranga builds on the strong foundation established by MTN and Airtel, offering tools that streamline financial transactions while supporting Rwanda’s broader goals of financial inclusion and innovation.
Impact and Goals
Faranga strives to bring financial convenience and efficiency to thousands of users across Rwanda. By working closely with stakeholders and complementing existing mobile money platforms, Faranga supports Rwanda’s transition toward a cashless, digital-first economy. Its tools help users take control of their finances while contributing to the nation’s vision of a connected and inclusive financial ecosystem.
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