Toupesu vs Njangi

Toupesu is the acronym of group savings in multiple African languages. It is scheme whereby people who trust each other put money together and one of them benefits. They use several techniques to choose the beneficiary: Alphabetical, random etc. With our platform we have found the perfect balance between tradition and modern technology. With this cutting technology masterpiece, people from the first time can conveniently participate in the same scheme regardless if they are all physically present in one location or not. In fact, we have made the savings group borderless and have create financial inclusion to all. From the comfort of a smartphone one can create a savings group in less than four clicks either it’s a normal savings group or an eventful one such as anniversary, funeral etc. In order to contribute, we get use of existing payment systems. Transparency and trust are at the heart of any association that is why our real-time reporting system is designed with the ultimate simplicity and magnificence. Using your smartphone or your web interface, you can visualize all transactions in the group you belong to. Administrators also will find in Toupesu an ultimate tool to help the create and conveniently manage their savings group. Our platform is also extremely secure, using the latest certificates available.

Njangi is a local institution made up of members who pool resources together in a rotation for the equal benefit of every member. Community-Based Rotating Savings and Credit Associations (ROSCAs) represent the common human desire for mutual support and financial cooperation. It is an age-old African system of money management that is used to this day. A community-based system that has supported families through tough times, stretched meager incomes allowing parents to educate their children; giving others great opportunities to develop their lives without the total dependence on any banks or major financial systems. Known in diferent parts of the world by one of the different names below: Njangi,Pari,Sou-sou,Iqub,Family-Lottery,Tontine,Hui,Kibata,Ajoh,Cadena,Kikoba,Adaji,Idir,Tanda,Stokvel,Arisan,Cundina,Hagbad,Chama,Samity,Round,Sittu,Danawa,ChitFunds,Mujin,Keyes, Paluwagan,Pandero