Thank you so much, our Silver members 🥂 Cheers to a great year ahead FutureLink Technologies Mcash Uganda Interswitch East Africa ENGIE Italia SafeBoda ioTec Limited Ortus Advocates Financial Sector Deepening Uganda (FSD Uganda) pawaPay AZA Finance Roke Telkom Chipper Cash mkoposolution Uganda Federation of MG Community Credit Cooperatives @DMark Verysell Group NileOrbital Aerospace Trade Lance Limited
FITSPA Uganda
Financial Services
Kampala, Central 7,192 followers
Building a thriving, safe, and regulated Fintech ecosystem in Uganda.
About us
The Financial Technologies Services Providers’ Association (FITSPA) is the umbrella body for Fintechs in Uganda with 210 members. Over the years, FITSPA has garnered experience and learnings in building a member based community, delivering value for the community and keeping members engaged. This hasn't come without challenges but we are fulfilled in knowing our members are thriving and winning. We are building partner networks with stakeholders for collaboration and partnerships so members can achieve growth.
- Website
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http://fitspa.ug
External link for FITSPA Uganda
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Kampala, Central
- Type
- Nonprofit
- Founded
- 2017
- Specialties
- Fintech, Financial Services, Financial inclusion, Advocacy, and Community
Locations
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Primary
Get directions
Kanjokya Street
1st Floor
Kampala, Central 22550, UG
Employees at FITSPA Uganda
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Josephine Olok
Co-founder & Director, LumJo Consultants | Digital Entrepreneur & IT Consultant | Chartered Director | Chair | Non-Executive Director
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Alex Lacis
Co-Founder at AMBEAR GROUP
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Kenneth Kwesiga
Tech Entrepreneur | Venture Builder | Building ioTec Limited.
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Felice Kabagweri Rugumayo
Certified Public Accountant
Updates
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As we step into 2025, we're filled with excitement and anticipation for the possibilities that lie ahead. May this year be a canvas for you to paint your boldest visions, pursue innovative ideas, and create meaningful impact. 🥂Here's to a year of positive change, countless opportunities, and success! Happy New Year🎆 #NewYear2025
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To our Gold members, Thank you again for your trust and support. We can't wait to see what the future holds! JUMO Stanbic Bank Uganda Paytota Merchant Support Standard Chartered Yo Uganda LTD MoMo from MTN Craft Silicon Fintech-Group @Flyhub Centenary Bank Laboremus Uganda Kampala Associated Advocates (Law Firm) Flutterwave Diamond Trust Bank Uganda Onafriq NCBA Uganda Agent Banking Company 4G Capital The Innovation Village AF Mpanga Advocates SEAMFIX Housing Finance Bank, Uganda Wakandi Group Raxio Data Centres Liquid Intelligent Technologies East Africa VIPASO – Vienna Payment Solutions True African (U) LTD MuduPay Airtel Money Uganda @service corps Muda Ventures Pyypl - For 800 million Digital Natives GovNet Services Africa's Talking Metropol Corporation Limited Cheers to a great 🎊
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To our Platinum member companies, Thank you for the great year! Thank you for powering the FITSPA community. BPC velox gnuGrid CRB Equity Bank Limited BDO in Uganda KPMG East Africa Pegasus Technologies ltd Uganda Wendi Mobile Wallet We couldn't ask for better. Cheers to a great year ahead🥂
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To our partners, Every journey has its twists and turns, but with your support, ours is made smoother, brighter, and more impactful. We're honored to have partners like you who share our vision and are committed to making a difference. As we close out the year, we want to take a moment to express our heartfelt gratitude for your unwavering support. Your partnership has been instrumental in driving our mission forward, and we're thrilled to have you by our side. As we look at the new year, we're excited to continue our collaboration and explore new opportunities together. Thank you Financial Sector Deepening Uganda (FSD Uganda), Africa Fintech Network, Uganda Bankers' Association, International Trade Centre, Bill & Melinda Gates Foundation, Private Sector Foundation Uganda (PSFU), IRA UGANDA, Association of Microfinance Institutions of Uganda, aBi - Agricultural Business Initiative, @CBI Ministry of Foreign Affairs for your trust, guidance and support. Cheers to 2025🥂
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FITSPA Uganda reposted this
As we approach the conclusion of 2024, we would like to express our gratitude to everyone for contributing to an extraordinary journey and experience this year. The launch of our innovative products at gnuGrid has been truly exceptional, significantly influencing the operations of data-driven businesses. Millions of last-mile borrowers now have access to affordable credit through last-mile credit providers, marking a substantial advancement in the financial landscape. The video clip showcases a selection of transformative solutions and innovations that have emerged since the onset of the year. We extend our sincere gratitude to all our partners, clients, and stakeholders for accompanying us on this remarkable journey. Airtel Money Uganda Financial Sector Deepening Uganda (FSD Uganda) Gates Foundation Africa FITSPA Uganda Mastercard Foundation
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FITSPA Uganda reposted this
𝑨𝙄 𝙎𝒆𝙩 𝙩𝒐 𝑹𝙚𝒔𝙝𝒂𝙥𝒆 𝑭𝙞𝒏𝙩𝒆𝙘𝒉 𝑳𝙖𝒏𝙙𝒔𝙘𝒂𝙥𝒆, 𝙎𝒂𝙮𝒔 𝑬𝙭𝒑𝙚𝒓𝙩 𝘿𝒂𝙫𝒆 𝑩𝙞𝒓𝙘𝒉 David Birch, a commentator on digital financial services, delivered a thought-provoking keynote address at the 6th annual Financial Technology Service Providers Association (FITSPA) conference in Kampala. Birch highlighted the transformative potential of artificial intelligence (AI) in the fintech sector, predicting significant disruptions in the near future According to Birch, AI is poised to replace humans in key decision-making roles within financial institutions. He noted that AI's capabilities in specialized areas are rapidly advancing, potentially surpassing human expertise in certain domains In the realm of financial services, Birch emphasized AI's potential to revolutionize compliance processes. He pointed out that fintech companies currently spend 50% to 70% of their resources on compliance activities. AI-powered systems could significantly reduce these costs by automating tasks such as anti-money laundering (AML) checks and know-your-customer (KYC) procedures However, Birch argued that the true disruptive power of AI lies in its potential to transform consumer financial management. As AI becomes more accessible through tech giants like Google, Apple, and Facebook, it could radically alter how individuals manage their money. AI assistants could continuously optimize savings, maximize interest earnings, and make intelligent decisions about credit card usage Looking ahead, Birch envisioned a future where robot-to-robot transactions become commonplace in financial markets. This shift could fundamentally change how banks market their products and services, with AI systems becoming the primary target audience rather than human consumers #AIinFintech #FinancialInnovation #FutureOfBanking #AIDisruption #DigitalTransformation
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Congratulations🎊 and Welcome back to the game, Pivot payments Your story of perseverance is truly inspiring to the Fintech ecosystem.
WE'RE BACK IN BUSINESS AND READY TO HIT THE GROUND RUNNING! It has been an exciting Monday at Pivot Payments offices in Kampala as we hosted journalists from various media houses to a press conference to brief them about resuming our operations after 281 days following the lifting of our suspension by Bank of Uganda. Pivot Payments Founder and Managing Director, Princess Shamirah Kimbugwe seized the opportunity today to inform journalists that, having worked alongside the Bank of Uganda team on key corrective measures; the central bank found it satisfactory to reinstate Pivot Payments licenses on the 4th of December effective immediately. “On the 29th of February 2024, Our Payments Service Provider (PSP) and Electronic Money Issuer (EMI) licenses were suspended by the Central Bank of Uganda, citing several issues in operations, gaps in governance (Our board was not fully constituted) and capital where our trade volume had superseded the capital reserves. We want to appreciate the National Payments Services (NPS) team at Bank of Uganda that while they had the prerogative to be antagonistic, they chose to be corrective and collaborative,” Princess Shamirah Kimbugwe said. She noted that the engagements have been a learning curve for both institutions and the industry at large especially with the regulator's unwavering risk-averse approach to the industry aimed at consumer protection. Shamirah also pointed out key industry issues relating to the Financial Technology space which remain relatively young with many of the players experiencing strict regulation for the first time. “This means oversights and mistakes are bound to happen. The most important factor is the regulator’s willingness to guide,” she remarked. Pivot Payments is no stranger to tough times. Having been born a few days before the now infamous Covid 19 curfew in 2021. Pivot early days as a company were in the confines of a living room and sometimes bedrooms. Despite this humble beginning, the company has over the years registered over 100,000 customers and cumulatively traded over UGX 72 Billion, with more than 1.4 million transactions since its inception. As a fintech business, Pivot Payments is a leading example and case study that while many businesses are registered annually, few survive the 3rd anniversary as we plan to celebrate 5 years this coming February. “We will continue to provide payments (collections and disbursements) Wallet services for safe keeping of money and consolidate our UAE corridor as the only company that focuses on providing tailor made financial solutions for our young ladies and gentlemen serving in the middle east, as well as serving the business class (SME) here in Uganda," she explained. Princess Shamirah Kimbugwe assured customers that customer data and the company’s systems remains safe. As a female-founded fintech, she hopes this can inspire more women to join the field.
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#FITSPAUpdate: Celebrating FITSPA's outgoing Board Chairperson: A leader, mentor, coach, and inspiration "Her approach to leadership has been characterized by an inspiring ability to motivate and unite people, foster collaboration, and drive mutual growth. Ms. Josephine Olok 's vision went beyond an association—she envisioned building a thriving community, a lasting legacy, and a flourishing future for Uganda's Fintech ecosystem." Learn more about Ms. Josephine Olok's tenure here: https://lnkd.in/dk7PpqzA Thank you, Ms. Josephine, for your visionary, extraordinary leadership. Your impact will resonate for years to come. We celebrate you.👏🏾👏🏾👏🏾
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