MiKashBoks Obtains Financial Services Licence from Bank of Sierra Leone

MiKashBoks “Osusu Na Yu Phone”, the Sierra Leone-based, groundbreaking group-savings app, is thrilled to announce that it has finalised its financial services licence from the Bank of Sierra Leone.

The development is a product of the Sierra Leone Central Bank’s successful launch of its Regulatory Sandbox to support live testing of cutting-edge financial technology innovations. The West African country was the second country on the continent to adopt a Sandbox Framework, underscoring the Bank of Sierra Leone’s commitment to widening financial inclusion, financial stability and integrity, as well as consumer protection.


Pictured: MiKashBoks’ Financial Services Operator Licence, issued by the Bank of Sierra Leone


“We’re grateful for the support we received through the Regulatory Sandbox, enabling us to innovate and enhance financial inclusion in Sierra Leone,” says Salton Massally, MiKashBoks co-founder and CTO. “The tremendous response since our launch inspires us to keep focusing on our people-centric approach to financial technology. Watch this space, as we continue to revolutionise the saving experience and broaden financial access for our fellow Sierra Leoneans.”

[Sierra Leone residents only] Download MiKashBoks: Accessible at MiKashBoks Download and on the Google Play Store. For non-smartphone users, save and receive payouts using the SMS/USSD shortcode *352#.