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Cameroon fintech Bohikor gets angel investor backing

By , Freelance Investigative Journalist
Cameroon , 25 Jul 2023
Bohikor team and platform users.
Bohikor team and platform users.

Cameroon-based early-stage fintech Bohikor has secured $20.000 from Mountain Angel Network to expand.

Bohikor provides foundational basics on personal finance as part of the financial inclusion drive in Cameroon.

The start-up - founded in 2021- offers financial management solutions, including budgeting, tracking, savings, early earned wage access and personal finance coaching.

The fintech believes knowing what one spends money on gives a sense of accountability, and its platform assists in planning a healthy financial future through tracking and budgeting.

With the funds, Bohikor plans to recruit software developers to create new features for the platform, including earned wage access, savings, and financial coaching.

Effansa Simon Balemba, co-founder and CEO of Bohikor, said: “We are committed to providing our users with the tools and resources they need to take control of their finances and achieve their financial goals."

He added: “We are excited about the future of Bohikor, and we believe that our platform has the potential to make a real difference in the lives of people in Cameroon and beyond,” he said.

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