South African Startup Bloo Money's Bold Rebranding Journey

South African Startup Bloo Money's Bold Rebranding Journey

By Staff Writer, 07 May 2024

South African fintech startup Moya Money has embarked on a bold journey to redefine its presence in the financial technology sector.

Now known as Bloo Money, the company's vibrant rebranding, effective as of May 2024, underscores its commitment to standing out in a competitive market.

The decision to rebrand stems from Bloo Money's ambition to distinguish itself from similar entities and inject a burst of color into the fintech industry.

Co-founders Thulani Masebenza and Sabica Pardesi, operating across South Africa and the UK, sought a name that reflects their global outreach and resonates with their diverse clientele.

Bloo Money, established in March 2021, has been steadfast in its mission to empower freelancers through its financial app.

With a focus on revolutionizing financial management for freelancers, the startup remains resolute in its dedication to this goal amid its rebranding.

While the company's name has changed, its core product, a Freelance Management System (FMS), remains unchanged. Bloo Money continues to offer businesses streamlined freelance administration, enhancing operational efficiency.

The rebranding signifies a renewed commitment to innovation, customer-centricity, and differentiation.

As Bloo Money navigates the fintech landscape, its dedication to empowering freelancers and driving innovation remains unwavering.

With its fresh identity and steadfast vision, Bloo Money is positioned to make a significant impact in South Africa and beyond, reshaping the future of finance with vibrant hues.

Source: Joel Omulo / TheFounder Africa

Related Report

Future of Fintech in Africa

The Future of Fintech in Africa

Eighteen percent of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, without a bank account or a digital wallet. This presents a massive opportunity, making fintech the most dominant and funded tech sector in Africa today. This special report highlights how African fintechs not only have one of the largest total addressable markets globally but are also crucial for achieving financial inclusion and empowering unbanked populations. The potential impact of a successful fintech in Africa is unparalleled. To learn more about the drivers, barriers, and opportunities in African fintech, as well as progress toward financial inclusion, read the special report.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems