# Ensibuuko

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ensibuuko

- Industry: Financial Services
- Headquarters: Kampala, Uganda
- Website: www.ensibuuko.com
- Total disclosed funding: $0M
- Latest round: Seed (Mar 1, 2015)
- Investors on record: 1

## About

Ensibuuko Ltd is a financial technology company that provides digital banking solutions to microfinance institutions and cooperatives, aiming to enhance financial inclusion in underserved markets.Founded in 2014, Ensibuuko Ltd is based in Kampala, Uganda. The company specializes in offering innovative digital banking solutions for microfinance institutions and cooperatives. Opio David, the founder, has a background in developing technology-driven financial solutions. In April 2021, Ensibuuko raised USD 1 million in funding from Finn Church Aid, marking its most recent investment round. The company has completed a total of 3 deals to date, focusing on expanding its service offerings and client relationships in East Africa.Ensibuuko offers a comprehensive digital banking platform tailored for microfinance institutions and cooperatives. This platform allows users to efficiently manage financial transactions, savings, and loans, while also addressing challenges in financial inclusion. The services are primarily utilized in East Africa, especially in Uganda and Kenya, where the company supports local communities by enhancing access to vital financial services.Ensibuuko’s revenue model is based on subscription services that provide ongoing access to its digital banking platform. Clients, mainly microfinance institutions and cooperatives, pay monthly or annual fees for various service levels. Additionally, Ensibuuko partners with these institutions to facilitate mobile money transactions, generating revenue through transaction volumes processed. This dual structure ensures clients receive continuous software updates and support, enabling them to effectively serve their customers.Following the funding raised in April 2021, Ensibuuko plans to scale its rural banking infrastructure and enhance its digital financial services, targeting millions of customers with new offerings. The company aims to develop digital loan and microinsurance products to meet growing market demands. With this strategic expansion, Ensibuuko is also exploring opportunities to enter additional markets across East Africa by the end of 2023, focusing on regions where financial services are currently limited.

## Funding rounds

- Seed, Mar 1, 2015, $0M — Fledge

## Investors

- Fledge (https://capitalatlas.ai/funds/fledge) — Seed