MosMos is a platform that offers a safe and flexible way for customers in Africa to save for high-cost items, such as home appliances, electronics, and construction materials. The platform allows customers to save flexibly towards a future purchase, with no rigid payment schedules, making it an ideal solution for informal sector workers who face inconsistent income. MosMos works in two ways, with a B to C model where products are sourced directly from suppliers and sold on their ecommerce platform, and a B to B model where they partner with retailers to offer MosMos as a checkout option. The platform has already gained traction with over 4600 actively saving customers and a 46% return rate. MosMos aims to expand into other verticals, such as education and insurance, and improve the user journey for customers with incentives and better credit scoring options.
