• Shema Steve develops a community-based fintech modelto expand access to savings and credit.

• His company Exuus offers the “Save” platform, targeting users excluded from traditional banking.

• The solution combines group savings, instant loans and alternative credit scoringto drive financial inclusion.

Shema Steve, a Rwandan technology entrepreneur, has positioned himself as a key player in digital financial services. He founded and leads Exuus, a company specializing in fintech solutions and software development. 

Founded in 2014, Exuus developed Save, a digital platform designed for underserved populations. The application allows users to save money, access credit and manage daily financial transactions within savings groups. The platform relies on trust-based networks, including families, neighbors and colleagues. This structure provides a more reliable alternative to informal financial practices.

The use of Save requires users to form savings groups. Members define shared financial goals, contribute regularly and support each other. Trained agents can assist these groups. Each user can join multiple groups simultaneously. The system aggregates all commitments to assess loan eligibility and build a credit profile.

The platform allows users to request loans directly through the application. The system provides near-instant approval and disbursement. Loans can originate from the group, personal networks or financial partners. User behavior, including savings discipline, repayment punctuality and penalty management, feeds into individual and group credit scores. This model creates an alternative to traditional credit assessment systems.

In addition to savings and credit, Save enables users to transfer money and pay bills. The platform supports payments for utilities and subscription services. It also allows users to create virtual cards for secure online purchases. The service remains accessible via a mobile application or through a USSD code (*777#). This feature ensures access for users without smartphones or internet connectivity.

Shema Stevegraduated from the National University of Rwandain 2014 with a degree in environmental management. He served on the advisory board of Khalifa University in the United Arab Emirates between 2020 and 2022.

This article was initially published in French by Melchior Koba

Adapted in English by Ange J.A de Berry Quenum