You can now save as little as Sh5 on new mobile platform

Sam Njuguna (CEO/Co-Founder Moneto Ventures Ltd) and Pius Muchiri (CEO/MD Nabo Capital) at the launch of Chumz. PHOTO | POOL

Kenyans can now save as little as five shillings on their mobile phones thanks to a new platform developed by Moneto Ventures in partnership with Nabo Capital.

Chumz is an app that enables anyone with a mobile money account to create financial goals as an individual or as a group and invest their money towards the goals, track progress and earn interest.

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Note: The results are not exact but very close to the actual.