Leaf is a blockchain-based digital wallet that enables the unbanked to store, send & receive, and exchange currencies on their phones— no smartphone required. With Leaf, customers can store, transport, exchange, send, and receive money digitally. Leaf's market includes the nearly 500 million cross-border traders across Africa and 79.5 million forcibly displaced refugees and migrants. Leaf Wallet is live in Kenya, Uganda, and Rwanda, available both on USSD and as a smartphone app on Google Play Store and App Store. Users cash in and out of Leaf from any mobile money number in East Africa. Leaf has processed over 100,000 transactions since going live in September 2020 and has been recognized by the Vatican, the US National Science Foundation, the United Nations, and Fast Company.
During the investment period, Leaf will expand to three new countries in Africa and integrate with a major financial institutional partner to use retail locations as Leaf cash-in/out points. Leaf will also lay the groundwork for Latin American operations, expand to resettled refugee populations, and begin testing micro-loans with initial users. At the end of the year, Leaf anticipates directly impacting 23,847 users and indirectly impacting the lives of 119,236 more.