A Banking Solution for Stokvels

Redefining Community Finance in South Africa.

Explore the Opportunity

The Untapped Market

Stokvels are the backbone of community finance in South Africa, yet they remain largely underserved by traditional banking products. These groups need more than a generic account—they need a solution that understands their unique administrative, trust, and communication needs.

  • Manual record-keeping leads to operational inefficiencies.
  • Existing solutions lack specialized tools and features.
  • A lack of transparency can often lead to disputes and mistrust.

Our Proposed Solution: The Stokvel Banking Platform

Effortless Management

Simplify contributions, member tracking, and payment schedules with a clean, intuitive interface.

Automated Payouts

Securely and automatically disburse funds to members, eliminating manual errors and building confidence.

Full Transparency

Reinforce trust with a clear audit trail and detailed reports accessible to every member.

Expanding the Platform: A Multi-Channel Approach

To ensure maximum accessibility, our solution goes beyond a simple website. We're building a connected ecosystem.

Mobile Apps & EFT Integration

  • Dedicated Mobile Apps: Native iOS and Android apps for both administrators and members, offering on-the-go management and real-time notifications.
  • EFT Machine Integration: A critical physical touchpoint. We will enable members to make payments, print statements, or register directly from an EFT machine, crucial for communities with limited smartphone access.

Why Us? We've Done This Before.

Our expertise is in building secure, complex financial systems. We've proven our ability to deliver and we're ready to apply that knowledge to your stokvel solution.

Our Track Record: The Unplugg Group

We previously developed a sophisticated funeral policy administration system. This project demanded the exact skills needed here: managing complex member data, handling secure payments, and generating detailed reports. The principles are the same, and the result is a best-in-class product.

The Investment: A Strategic Breakdown

This project is a strategic investment in a high-growth market. These estimates are based on current South African development rates and our experience in delivering complex financial solutions.

Development Phase Estimated Timeframe Estimated Cost Range (ZAR)
Phase 1: Discovery & Design 6 - 8 weeks R 250,000 - R 400,000
Phase 2: Core Platform Development 5 - 7 months R 1,500,000 - R 2,500,000
Phase 3: Mobile App Development 4 - 6 months R 1,000,000 - R 1,800,000
Phase 4: EFT Machine Integration 3 - 5 months R 800,000 - R 1,500,000
Phase 5: Quality Assurance & Launch 2 - 3 months R 300,000 - R 500,000
Total Estimated Project Cost ~10 - 15 months R 3,850,000 - R 6,700,000

Ready to Lead the Future of Finance?

This is a chance to not just compete, but to lead the market. We are ready to partner with you to build a product that will change how stokvels operate and redefine your place in the South African market.

Let's Talk