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Unlimit Acquires 3rd African Payment Licence in Tanzania

By Oluchukwu Ikemefuna

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Unlimit, a London-based fintech company, has received a license from the Bank of Tanzania (BOT) to operate in the country. The fintech company achieved this impressive feat after expanding into other African countries: Nigeria and Kenya. 

Unlimit

The license the fintech company received has opened up access to operate in the Tanzania tech community. They will be able to offer a range of services which includes business payments, international payments, and other exciting offers in the Tanzanian market.

Unlimit Launches In The The Third African Country

The launch into the Tanzanian market has affirmed the company’s mission to expand beyond its base has been taken seriously. The company had previously launched its services in Nigeria and Kenya last year.

This third launch has also affirmed that the company has a streak of continuous growth and development: this is shown in the adjustments of its innovations and tools to align with the people in different parts of the region. 

The expansion of the company to different parts of Africa removes the doubt other startups might have in expanding to that region.  

Unlimit History and Vision 

Unlimit, which was founded by Kirill Evstratov in 2009, offers a range of financial services to its clients, this includes payment services, banking as a service (BaaS), and cryptocurrency services. They manage a handsome portfolio of successful entrepreneurs, which provides them with revolutionary fintech services.

The ambitious company is present in different countries: from London to Singapore to Nigeria to Tanzania, etc. They also provide unlimited global growth for their clients, thereby freeing them from payment limitations.

Unlimit’s vision is to eliminate financial limitations for businesses all over the world. Through this, they deliver solutions to enable businesses to operate with ease. The businesses can do this both locally and internationally across EMEA, APAC, and LatAm.

What Unlimit Will Offer To Tanzania

The company will offer Tanzanians services that will set it apart from other tech startups. It will provide a seamless and user-friendly mobile-friendly experience on its platform. These will be obvious when the users make use of the platform to send and receive money securely. 

Unlimit will also focus on financial inclusion, which includes expanding in the rural areas of the country and making the populace aware of the digital financial opportunities at their disposal, especially those who are not comfortable with traditional banking.

Trevor Goott, Director for Africa and India, Unlimit, said: “It’s a tremendous opportunity to launch our operations in Tanzania. We’re excited to bring our unparalleled payments infrastructure to yet another market in Africa.”

Unlimit

“Through digital payment solutions expertly tailored to the continent, we strongly believe we can help consolidate the fragmented African payment landscape and drive broader economic growth by providing the best possible support to local businesses and entrepreneurs. We are building for the long term.”

Peter Mlay, Head of Tanzania, Unlimit said: “We thank the regulators for their support and guidance, and we are now looking forward to onboarding international and local merchants, businesses, and entrepreneurs and driving more value and consumer choice across the Tanzanian market through our unique payment solutions.”

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Abdullahi Kafayat
Abdullahi Kafayat

Abdullahi Kafayat is an enthusiastic writer interested in the tech world. She's a graduate of Obafemi Awolowo University and has a BSc in Chemistry. You can reach her at Kafayatabdullahi17@gmail.com.

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