About Zofi Cash
Zofi Cash is a Healthcare company based in Kampala (Uganda) founded in 2020 by Gordon Turibamwe and Paul Kirungi. Salary advances and payroll services are provided to employees online. It operates in the Healthcare, Technology, and Financial Services sectors. Zofi Cash has raised $1 million across 2 funding rounds from investors including Startup Wise Guys and Advancly. Its chief executive, as recorded, is Paul Kirungi. Zofi Cash offers products and services including Zofi Cash App, Salary Advances, and Payroll Integration. Its focus areas include FinTech, Finance & Accounting Tech, Payroll Management and Enterprise Applications.
Company details
Zofi Cash was established in 2020 in Kampala, Uganda, as a fintech platform focused on employee financial benefits. Salary advances are made available on demand through a digital interface, allowing requests for early access to earnings. Payroll management is also handled to support administrative needs. Operations center on assisting workers with short-term financial requirements in the region.
- Headquarters Kampala, Uganda
- Founders Gordon Turibamwe, Paul Kirungi
- SectorsHealthcareTechnology Financial Services
- Email••••••••
- Phone•••• ••••
- Website zoficash.com
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$1M (USD)
in 2 rounds
- Latest Funding Round$1M (USD), Seed
May 2023
- InvestorsStartup Wise Guys
& 1 more
Products & Services of Zofi Cash
Zofi Cash offers a comprehensive portfolio of products and services, including Zofi Cash App, Salary Advances, and Payroll Integration.
App for requesting instant salary advances securely.
Service providing quick advances up to 50% of net income.
Tool for managing employee financial benefits efficiently.
Apps and channels of Zofi Cash
Zofi Cash publishes 2 mobile apps with over 50K+ downloads.
Funding Insights of Zofi Cash
Zofi Cash has successfully raised a total of $1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1M
- Total Rounds 2
- Last Round Seed — $1M
- Investors Count 2
All 2 funding rounds of Zofi Cash with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2023 | $1M | Seed | – | – | |
| Feb 2022 | Seed | – | Startup Wise Guys | – |
2 investors in total: 2 institutional.
Investors in Zofi Cash
Zofi Cash has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Startup Wise Guys and Advancly.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and startup accelerator focused on B2B and SaaS companies | 2012 | startupwiseguys.com | Tallinn, Estonia | |
Digital lending solutions are provided for MSMEs in Africa. | advancly.com | Nigeria |
Investor details for Zofi Cash
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Zofi Cash
7 people are tracked at Zofi Cash (3 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Gordon Turibamwe | Co-Founder | Leadership |
Paul Kirungi | Founder & CEO | Leadership |
Asa Niwamanya | Consulting Chief Financial Officer | Leadership |
Patricia Nakiwunga | HR Consultant | Team |
Nakayiza Shinita | Office Administrator | Team |
Benard Ssaabwe | Operations Manager | Team |
Islam Kasozi | Finance Administrative Assistant | Team |
Complete people profiles for Zofi Cash
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Zofi Cash
3 dated milestones of Zofi Cash across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Zofi Cash is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $1.0M.
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Frequently Asked Questions about Zofi Cash
Zofi Cash was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Zofi Cash is headquartered in Kampala, Uganda.
Paul Kirungi is the CEO of Zofi Cash, as recorded in our data. They have also founded this company.
Zofi Cash is a funded company, having raised a total of $1M across 2 funding rounds to date.
Zofi Cash was established in 2020 in Kampala, Uganda, as a fintech platform focused on employee financial benefits. Salary advances are made available on demand through a digital interface, allowing requests for early access to earnings. Payroll management is also handled to support administrative needs. Operations center on assisting workers with short-term financial requirements in the region.
Zofi Cash offers Zofi Cash App, Salary Advances, and Payroll Integration.
Zofi Cash has 2 investors. Key investors include Startup Wise Guys, and Advancly.
Yes. Zofi Cash publishes Zofi Cash and 1 more app, with over 50,000 downloads.