Businesses in Africa and much of the developing world fail to achieve real economic growth due to inadequate transparency and accountability mechanisms in managing their resources, including the financial resources (Agustín Carstens, 2005 - IMF)
PesaMonitor is a mobile and web-based FinTech application designed to enhance transparency and accountability in joint business activities and financial transactions, both locally and internationally. It enables stakeholders such as banks, microfinance entities, governments, NGOs, diaspora members, and their partners to electronically monitor, record, store, and share data related to their business ventures. By ensuring the appropriate use of financial resources, PesaMonitor promotes efficiency, reduces losses, and supports business growth and sustainability.
Conveniently and electronically facilitating group meetings and business data and information exchanges through a messaging utility.
Helping with collective decision making through electronic voting.
Instantly notifying all members through mobile text messages (SMS) and emails about cash transactions.
Using an inbuilt distributed electronic cashbook/ledger to make and keep a record of the business transactions.
Facilitating traceability through transparency and accountability to achieve value for money via a coordinated procurement process involving two or more parties in a typical supply and value chain.
A packaged solution to address these challenges