Freebe Technology Solutions

Freebe is a multi-purpose messaging, social media & mobile payments application developed to create a cashless society.

Nigeria, Lekki Phase 1

www.freebe.com.ng

Fintech
Freebe Technology Solutions

Problem & Solution

Over 70% of transactions carried out in Nigeria are done by physical cash which has high risk, high cost of transfer to banks and leads to inefficiency, fraud and corruption. Less than 60% of the Working Population have active bank accounts, showing a serious need for financial inclusion which can be achieved by low cost of banking services. Debit Cards & Mobile Banking Apps are available for every bank customer, but high transaction fees for POS (Point of Sale) usage and high cost of Banking services still encourage the usage of physical cash.

Freebe has developed a multi-purpose messaging, social media and mobile payments app (digital wallet), which solves the high cost of POS transaction fees, does not require you to have a bank account to receive money and does not require cash to pay for products and services thereby reducing the high usage of cash transactions. With its low transaction cost and free setup, Freebe is able to solve the financial inclusion problem.

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