Innovation

Goodfellas, Big Fellas and now StokFella…

Growing money the proudly South African way.

10 September 2018

Boerewors, lobola, bobotie and stokvels – there are few things as South African in flavour as these ideas, dishes and solutions. Especially a stokvel. For those unsure as to what the term means, a stokvel is an investment fund developed and managed by a group of individuals who agree to contribute a certain amount each month. The goal is to both save and earn money in a safe and sustainable way.

It sounds brilliant, but stokvels come with complexities that can impact on results and the group dynamics. This is a fact realised by the founder of StokFella, Tshepo Moloi. He asked himself if there is a better way to manage stokvel while improving its value? Out of this question came StokFella, a platform that’s secure, transparent and organised. StokFella wants to empower people, allow them to make informed financial decisions, and do all this on a mobile phone. Want to join a stokvel without the stress? There is, it seems, an app for that…

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