Mukuru, a financial services platform, says it has helped bridge a significant gap in the informal sector by enabling informal businesses to send, receive and store money securely, make payments and transact across borders, all without requiring formal bank accounts.

The company notes that nearly 70% of Africa’s economy still operates informally, with millions of small traders, cross‑border merchants and micro‑entrepreneurs relying heavily on cash due to limited access to traditional banking and digital infrastructure. This reliance exposes them to risks such as theft, poor record‑keeping and exclusion from formal financial services.

Innocent Semosa spoke to Andy Jury, the CEO of Mukuru.