WeSpare is revolutionising community savings with our online ROSCA platform.
We're creating an exciting investment opportunity with solid revenue streams by digitizing traditional community savings for efficiency, transparency, and scalable growth.
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n. (Finance)"Rotating Savings and Credit Association" is a traditional form of community savings where each member of the group saves a predetermined amount every week, 2 weeks or month. A different member receives the total lump sum interest-free on a rotating basis – allowing members to access funds without resorting to formal loans.
WeSpare is tackling the major barriers newcomers and ethnic communities face in accessing capital. Many lack a credit record or collateral, shutting them out of traditional financing sources needed to start-up micro businesses, pay for education or buy a house.
Leveraging AI, fintech, and the trusted ROSCA finance model, WeSpare provides critical interest and tax-free capital. We aim to revolutionise financial access by building a system based on social capital and trusted networks, enhancing economic opportunities for underserved communities.
Our Founding Partners, Alex, Riquiel and Natalie, are the driving force behind the growth of WeSpare.
Co-Founder and Partner
Co-Founder and Partner
Co-Founder and Partner
WeSpare is breaking down financial barriers for newcomers and ethnic communities with no credit. Using AI and the ROSCA model—a community savings system—our platform offers essential, interest-free capital.
New immigrants and people without credit histories are underserved by current traditional, alternative lenders and need access to more equitable financing vehicles.
TAM in Canada alone is over 8 million people. Our initial ICP will focus on young immigrant women to provide targeted roll-out messaging.
Phase 1: Multiple revenue streams from the word go drive rapid revenue growth (membership and transaction fees).
Phase 2: New revenue streams will be added via premium services, data monetization, strategic partnerships and consulting.
Over the past 30 years, informal ROSCA funds have profoundly transformed the lives of African immigrants in the United States.
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For more information about WeSpare, our track record, our project and more, please fill out this form.
