Our story
Digitizing Africa's oldest form of cooperative savings.
Kashlet was built on a simple belief: the communal savings traditions of Africa deserve the same financial infrastructure that powers the world's largest banks.
Our mission
Financial infrastructure
for community savings.
For generations, communities across Africa have practiced rotating savings — Esusu in Yoruba communities, Ajo in parts of Nigeria, Susu across West Africa, Chama in East Africa. These traditions helped millions of people access lump-sum capital without a bank account.
But they always ran on trust alone — and trust breaks down. Disputes over who paid, when, and how much are common. Defaults leave groups in conflict. There is no audit trail, no reconciliation, no protection.
Kashlet fixes this. And with BorrowMeFirst, members can now also request peer-to-peer financial help — a loan, a fundraiser, or a shared bill — directly from their network.
3
Core products
69+
Automated tests
5
Reconciliation types
3
Supported blockchains
0
Fraudulent payouts possible
100%
Ledger immutability
What we stand for
Our values
Transparency
Every naira tracked on an immutable double-entry ledger. No hidden fees, no opaque balances — every member sees the same numbers.
Security
Bank-level controls at every layer: KYC/AML on members, immutability enforced by database trigger, maker-checker admin workflows.
Community
We exist to strengthen communal savings traditions — Esusu, Ajo, Susu — by giving them the infrastructure they deserve.
Integrity
We hold ourselves to the same standard as regulated financial institutions. Our ledger is our word — and it cannot be changed.
Innovation
BorrowMeFirst peer lending, multi-chain blockchain, real-time reconciliation — without losing what makes ajo work.
Inclusion
Diaspora members contribute in crypto. Every payment channel leads to the same immutable ledger.
Introducing BorrowMeFirst
Our newest product lets any member create a peer-to-peer financial help request — a general fundraiser, a loan with a repayment date, or a group bill split. Contributors pay via a secure Paystack link and funds go directly to the creator's bank account. No middleman, no waiting.
General Help
Request support from your network for any need
Loan
Borrow with a clear repayment date — no bank needed
Bill Split
Split any expense among multiple contributors
How we got here
Our journey
2023
Problem identified
Our founders experienced firsthand how informal savings circles broke down over disputes, missed payments, and untraceable funds.
2024 Q1
Architecture designed
We modelled the core financial engine — double-entry ledger, idempotency, reconciliation — before writing a single UI component.
2024 Q2
Beta launched
69 automated tests passing. The ledger engine, contribution service, and reconciliation engine were production-ready before beta.
2024 Q3
Multi-chain support added
Polygon, Ethereum, and Solana wallet integration. Diaspora members could now contribute and receive payouts in cryptocurrency.
2025
Full platform live
Kashlet launches publicly with KYC/AML stack, regulatory compliance framework, and Kashlet mobile app.
2025 Q4
BorrowMeFirst launched
Peer-to-peer financial help — general requests, loans, and bill splits — available to all circle members.
2026
Kashlet on Google Play
Official Android app approved on Google Play. Members manage circles and BorrowMeFirst requests from anywhere.
Where we are going
Our vision for 2030
We want Kashlet to be the infrastructure layer that powers cooperative savings across Africa and the diaspora — the way Stripe powers payments. Every informal savings circle in every community running on a production-grade ledger they can trust.