| Founded | 2017 |
|---|---|
| Closed | 2020 |
| Country | Tanzania |
| Sector | Fintech |
| Collapse type | Regulatory Kill |
Tuma
"Sub-1% remittance fees are meaningless when regulators won't let you operate."
Forced closure by regulatory action
Key Events Timeline
Tuma launched in Dar es Salaam as a low-cost international remittance platform targeting the Tanzania diaspora in the UK and Europe, promising sub-1% transfer fees.
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