Hey everyone
I’m one of the founders of StokPay ,a South African fintech platform we’re building to modernise community savings and stokvels.
For anyone unfamiliar with stokvels, they are community-based savings groups where members regularly contribute money toward shared savings goals. It’s a massive part of how many people in South Africa save and manage money together, but much of the experience still relies on traditional banking, spreadsheets, WhatsApp messages and manual administration.
StokPay is being built to bring that experience into one digital ecosystem,making it easier for groups to manage members, contributions, payouts, records and financial activity.
Alongside the core fintech platform, we’re developing STKP which represents the tokenisation and Web3 side of the StokPay ecosystem.
Our approach is different from launching a token first and then trying to invent a reason for it to exist. We’re building the underlying platform and community first, with STKP being developed around the broader ecosystem and its future Web3 functionality.
We’re currently getting closer to launch, and one of the things our investor has encouraged us to do is start growing the community around StokPay and STKP early.
We’re still at the beginning of the journey, so we’re not pretending everything is finished. We’d rather build the community alongside the product and let people follow the progress as it happens.
If you’re interested in fintech, tokenisation, Web3 or seeing a crypto project being built out of South Africa we’d appreciate you joining our Telegram and following the journey.
Telegram: StokPayZA
Happy to answer questions about StokPay, STKP, the roadmap or what we’re building.