Africa's Ethical Cooperative Finance Platform
Where Tradition Meets Technology Ethically
Empowering communities through indigenous cooperative finance
Africa's Ethical Cooperative Finance Platform
Where Tradition Meets Technology Ethically
Empowering communities through indigenous cooperative finance
Finance
Bank-Integrated Costodial Savings
Multi-Signatory group governance
Block-chain Enabled Transparency
Built For Africa's Financial Inclusion
Finance
Bank-Integrated Costodial Savings
Multi-Signatory group governance
Block-chain Enabled Transparency
Built For Africa's Financial Inclusion
Bank-Integrated Costodial Savings
Multi-Signatory group governance
Block-chain Enabled Transparency
Built For Africa's Financial Inclusion
Finance
Bank-Integrated Costodial Savings
Multi-Signatory group governance
Block-chain Enabled Transparency
Built For Africa's Financial Inclusion
WHAT IS KOLOSQUARE
A New Standard for Community Finance
KoloSquare is a fintech innovation that digitalizes Africa's most trusted informal
savings culture into a secure, transparent, bank-integrated digital platform.
Digital Infrastructure
KoloSquare is an ecosystem for ethical cooperative prosperity.
Save Together Digitally
Pool savings with people you trust in a structured governed cycle.
Transparent Governance
VSLA accountability structure: Group permission is required for sensitive transactions.
Invest Ethically
Shariah-compliant wealth growth through certified investment pathways.
Bank-Grade Security
All funds held under custodial partner bank structures with NDIC alignment.
Cooperative Financing
Non-interest fiancing strictly for groups engaged in productive ventures.
CORE FEATURES
Everything Your Community Needs to Thrive
A complete suite of ethical financial tools built specifically for African community savings culture.
Digital Savings Groups
Create your trusted savings groups with built-in rules, savings cycles options, and credible trust governance.
Multi-Signatory Approval
No payout happens without transparent group authorizaton.
Personal Automated Savings
Individuals can save flexibly or toward goals securely and ethically.
Interest Free Cooperative finance
Groups fund enterprises through profit-sharing, not interest.
Ethical Investment Gateway
Optional Shariah-compliant wealth growth pathways.
Digital Saving Groups
Create your trusted savings groups with built-in rules, savings cycles options, and credible trust governance.
Multi-Signatory Approval
No payout happens without transparent group authorizaton.
Personal Automated Savings
Individuals can save flexibly or toward goals securely and ethically.
Interest Free Cooperative finance
Groups fund enterprises through profit-sharing, not interest.
Ethical Investment Gateway
Optional Shariah-compliant wealth growth pathways.
IMPACT STATEMENT
KoloSquare is building Africa’s ethical financial infrastructure to empower millions of underserved communities to save, grow, and thrive responsibly together.
Is KoloSquare a Bank?
No, KoloSquare is not a bank. KoloSquare is a social enterprise company with a financial technology
platform that enables people to create and manage savings groups digitally.
All funds saved through KoloSquare are held in secure custodial accounts
with licensed partner banks, which provide the regulated banking
infrastructure for fund custody, security, and compliance.
KoloSquare provides the technology, structure, and transparency that allow
groups to save together and manage their finances efficiently.
Is KoloSquare regulated?
Yes, KoloSquare is a licensed Fintech and operates as a financial technology
platform that works in partnership with licensed Banks that provide the regulated
banking infrastructure for accounts and fund custody.
While KoloSquare provides the technology that powers group savings and
financial coordination, all funds remain within regulated banking systems.
The platform is designed to operate in compliance with applicable financial
regulations and ethical financial principles.
Do savings on KoloSquare earn interest?
No, Savings on KoloSquare do not earn interest. KoloSquare operates
under ethical, non-interest financial principles, meaning that funds
saved in accounts do not generate interest income.
However, users who wish to grow their savings may choose to participate
in optional ethical investment opportunities available through the platform.
These opportunities follow profit-sharing models linked to real economic
activities, rather than interest-based returns.
Participation in these investments is completely voluntary.
Can I register on KoloSquare without joining a savings group?
You can download the app and begin registration, but your account
becomes fully active only after you join or create a savings group.
KoloSquare is built around trusted group savings systems similar to Ajo,
Esusu, Adashe, and VSLA, where members save together and support one another financially.
Once you join a group:
Your account becomes fully activated.
You can participate in group savings.
You can also operate personal savings plans alongside group savings.
Who can create a savings group?
Any verified KoloSquare user can create a savings group.
To form a group:
The creator invites people they personally know and trust.
Members join through a secure invite link.
A group becomes active when it reaches at least 11 members.
Each group can have a maximum of 15 members. This structure helps
maintain trust, accountability, and effective coordination.
Can strangers join my group?
No. Savings groups on KoloSquare are intended to be formed
among people who already know and trust each other such as
friends, family members, colleagues, or community members.
Members can only join a group through an invite link
sent by an existing group member.
Are group funds secure?
Yes, group funds are highly secure. All savings made through
KoloSquare are held in custodial accounts with licensed partner
banks, where they are protected by the bank’s financial security
and regulatory safeguards.
KoloSquare is built around trusted group savings systems similar to Ajo,
Esusu, Adashe, and VSLA, where members save together and support one another financially.
In addition, KoloSquare provides:
- Transparent transaction records.
- Structured approval systems for group actions.
- Multi-party authorization for sensitive decisions.
These safeguards ensure that group funds remain safe, traceable, and collectively managed.
Does KoloSquare management have access to group funds?
No, KoloSquare management cannot access or withdraw group funds.
All funds are held in bank custodial accounts, and any movement of funds
requires group approval through the app’s voting and authorization system.
Sensitive actions such as payouts or member removal can only occur after
members vote and approve the decision. This ensures that financial
control always remains with the group members.
What happens if a member fails to meet their savings obligation?
Savings groups operate based on mutual trust and agreed rules
established by members during group formation.
If a member fails to meet their obligation, the group may take action according to its rules, such as:
Sending reminders.
Allowing a grace period.
Applying agreed penalties.
Voting to remove the member.
All such actions follow transparent group voting procedures within the app.
Can a group terminate its savings activities?
Yes, each savings group on KoloSquare has the freedom to decide its own future.
If members agree to end the group’s activities, they can initiate a group vote within the app.
Once the required approval threshold is reached, group officials can complete the termination process.
What happens to my Personal Savings if my Group ends?
Your Personal Savings remain completely safe and accessible at all times.
If your Group is terminated:
- You will still have full access to complete your ongoing personal savings cycle.
- Your funds remain secure in your account.
- You may choose to end your Personal Savings and withdraw your funds within the App or you can also approach the partner bank with your account details to access or withdraw your Personal funds directly, in line with standard banking procedures.
To begin a new Personal Savings cycle, you will need to join or create
another Savings Group, since KoloSquare accounts operate through Group membership.
Is my money insured?
Funds saved on KoloSquare are held within licensed partner banks,
where they benefit from the banking system’s financial safeguards and regulatory protections.
KoloSquare itself does not hold deposits, ensuring that all user
funds remain within regulated financial institutions.
What happens if KoloSquare stops operating?
Because all funds are held in bank custodial accounts, user funds
remain protected within the banking system.
Even if KoloSquare were to stop operating, the money saved by users would
still remain within the partner bank accounts, ensuring users have continued access to their funds.
You would be able to access or withdraw your funds directly through the bank using your
account details, in line with standard banking procedures.
How does KoloSquare make money?
KoloSquare earns revenue by providing technology services that support
savings groups and financial coordination.
Revenue may come from:
- Platform service fees.
- Group management tools.
- Ethical investment facilitation services.
- Cooperative financial services.
KoloSquare does not earn income from users’ savings balances.
Can I join more than one Savings Group at the same time?
Yes, you can join multiple Savings Groups on KoloSquare.
However, you should ensure that you have the financial capacity
to consistently meet the contribution (share savings) schedules of
all the groups you join, as each group operates based on agreed commitments and timelines.
Join the Ethical Finance Revolution
Save Together. Grow Ethically. Fund Responsibly.
