Zazu

Zazu is a financial technology company that provides digital banking services in Zambia. Founded in 2015 by Perseus Mlambo, Alessandra Martini, and Adam Farah, the company is registered in the UK with operations in Lusaka, Zambia. Initially launched as a platform for farmers to find new markets, Zazu pivoted to the digital banking sector in 2017.

The company offers a mobile money management app connected to a prepaid debit card, providing services like peer-to-peer payments, bill payments, and expense tracking. Its digital wallet allows users to make free money transfers and pay for bills such as airtime and electricity, with transactions automatically categorized for financial tracking. Zazu also developed an SMS-based chatbot to deliver financial literacy education, which has reached over a million users.

Zazu generates revenue through its financial services. The company has secured $1.88 million in funding over five rounds from investors including Ignite, Key Fund, and Dotforge. The founders have backgrounds that relate to the company's mission; CEO Perseus Mlambo previously worked at the UNHCR's Ethics Office and has advocated for inclusive digital technologies in Africa. Co-founder and COO Alessandra Martini has a background in African Development and International Relations.

Keywords: digital banking, mobile money, fintech, financial services, prepaid debit card, personal finance, expense tracking, money transfer, bill payment, financial literacy, Zambia, Africa fintech, neobank, digital wallet