Who calls the shots at women-focused startup Herconomy?
- Herconomy claims to have amassed over 10,000 active users since its founding in 2021.
- A report by the National Financial Inclusion Strategy (NFIS) revealed that 54.4% of financially excluded individuals in Nigeria were women, prompting the rise of fintechs like Herconomy.
- The community's growth led to the development of an app for hosting savings challenges, marking Herconomy's pivot to financial services.
Herconomy's focus on bridging the financial inclusion gap for women in Nigeria is commendable. The company's growth from a community to a fintech startup shows its commitment to addressing the needs of its users. The hierarchical structure and emphasis on community input demonstrate a strong foundation for success.
