An impact entrepreneur, he has developed an application offering goods and services on credit, as part of his broader efforts to design technological solutions that simplify life for his compatriots.

Rwandan social impact entrepreneur Ignace Turatsinze, co-founder and co-CEO of PayingTone, has developed a marketplace that offers credit for products and services. A business administration graduate from Jomo Kenyatta University of Agriculture and Technology, Turatsinze launched PayingTone with Brenda Munezero in 2021 to facilitate retail access across Africa.

“We provide up to 200,000 RWF [approximately 143 euros], but only up to a third of the user’s income. Once the credit is in the PayingTone wallet, it can be spent with any of our network of merchants. We charge five percent interest,” Turatsinze explained in 2022.

In addition to PayingTone, in 2018, Turatsinze founded Netot Lab, a startup providing an electronic device for monitoring and managing LPGs, payment assistance for services, and a microcredit service.

Turatsinze’s career began in 2016 at New Media Communications of Rwanda as a marketing and public relations specialist. He later joined Women for Women International as a monitoring and evaluation consultant in 2017 and became the project coordinator of LEAPR Labs in 2018. In 2020, he was hired by i4SD as a program manager, and in 2021, he joined Spenn Technology as Head of Spenn Connect.

Turatsinze’s PayingTone participated in CcHub’s fintech incubation program and won second prize at the HangaPitch Fest in December 2022.

Melchior Koba