Ken Griffith - CEO at Solidus - Introducing Chamapesa: The Open Network For Social Savings Communities

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.4 • 1K Ratings

🗓️ 23 July 2018

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Solidus builds software for mobile payments and social savings, based on the Ricardo Transaction Suite. Our flagship product is Chamapesa, the app for social savings groups. Chama is the Kenyan name for a Savings Club. Savings Clubs have existed around the world for centuries. There are over 1,200,000 Kenyan Chamas. They give people a means to save and access low-cost loans which are used to start or grow businesses, to improve community infrastructure (by saving to build or equip a health centre, for instance) or to support Members in temporary financial difficulty. Chamas' collective savings account for 46% of Kenya's GDP. For those unable to access bank accounts (due to costs or geography), Chamas are invaluable.

Transcript

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0:00.0	This podcast is brought to you by Fan Chain, introducing the first
0:05.0	cryptocurrency for the global sports market. Learn more at fanchain.com.
0:11.0	Welcome to Almost here, around the corner of Future Technology Podcasts with Richard Jacobs.
0:19.0	Future Technologies, boys to transform our lives for better or worse or the focus of this
0:24.3	podcast. Almost here means these technologies are now here and starting to be used.
0:29.3	We're just around the corner from Bitcoin to artificial intelligence, 3D printing,
0:34.8	blockchain, virtual reality, and more.
0:39.5	This podcast is brought to you by Fan Chain.
0:42.4	Introducing the first cryptocurrency for the global
0:45.4	sports market. Learn more at fanchain.com.
0:49.4	Hello everyone and welcome to feature tech podcast I'm your host
0:55.6	Juliet Lamar and joining us today is Ken Griffith he is the CEO at Solas and they have a new product out called Champaza and I'm excited to learn all about it.
1:06.4	I'm sure I've mispronounced all of it.
1:08.3	Welcome to the show Ken.
1:10.3	Thank you Juliet.
1:11.3	It's a pleasure to be here.
1:13.0	Absolutely, and thank you for joining us.
1:15.0	And you put some exciting stuff going on over at Solidus.
1:19.0	Am I saying that right?
1:20.0	Yes.
1:21.0	Solidus or Solidus.
1:22.0	Yes. So tell us about what you guys are up to over there and then also give us little insight into the new product
	...

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