Chumz App: How To Save Smarter,One Shilling At A Time
· 7 min read
Chumz is a Kenyan-built savings app that helps users to save money intentionally,even if you earn irregularly or in small amounts,a common occurrence for the regular Kenyan.Built by Moneto Ventures Ltd in partnership with Nabo Capital and regulated by the Central Bank Of Kenya (CBK),Chumz is designed for the everyday Kenyan smartphone owner who wants to save from the comfort of their fingertips without the complexity of traditional banking.
Unlike Banks or SACCOs,Chumz is mobile-first,behavior-driven,and built for flexibility.You can:
- Set personal and group savings goals.
- Automate savings based on behavior(e.g. round trips,daily prompts)
- Lock savings for access to higher interest rates
- Withdraw to M-PESA whenever you need to
Chumz mobile app is available on Android and iOS,and works entirely through mobile money,meaning no paperwork,no queues and no minimum balances to worry about,just you and your saving targets.