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In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year. The startup, founded in 2019, is helping businesses to automate the disbursement of salaries and other statutory remittances including taxes and pension. Its platform currently supports 400 businesses.
Their branchless banking system, which includes thousands of physical agents, provides financial services to the unbanked and underbanked in rural and semi-urban areas. Doing that and building our proprietary IP ourselves changed our business,” the chief executive said.
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