Former MarketForce and Chpter founders launched Cloud9 Money, a new digital bank that targets Africa’s youth. With quick, easy-to-use financial services designed for Gen Z and millennials, this mobile-first neobank solves the frequent annoyances with traditional banks.
As Tesh Mbaabu, co-founder, insists, “Existing banks are slow, rigid, and expensive. They don’t reflect the realities of a generation fluent in mobile apps, side hustles, and cross-border freelancing.” By focusing on the energetic youth of Africa, who comprise 70% of the continent’s population, this innovative solution makes Cloud9 Money a disruptive force in the continent’s financial sector.
Banking designed for Africa’s youth
Cloud9 Money is built as an all-digital platform delivering real-time payments, clear credit access, savings, and wealth management tools on mobile devices. Its creators stress that the bank isn’t merely a product but a movement that delivers dignity, belonging, and opportunity to young Africans.
Founder Mesongo Sibuti highlights that the bank “is here to empower young Africans to achieve financial freedom and unlock new possibilities through accessible and user-friendly financial services.” With a focus on simplicity and transparency, Cloud9 addresses the financial challenges faced by entrepreneurs, freelancers, and young professionals across the continent.
Empowering financial freedom with technology
Neobank uses cutting-edge technology to deliver a smooth banking experience that traditional African banks frequently lack. The platform offers rapid and flexible banking solutions tailored to young people’s real lives and work habits.
According to the Cloud9 Money team, “We’re here to make banking simple, rewarding, and built around how you actually live. ”
The team aims to disrupt outdated systems with innovative services designed for Africa’s digital generation. The high level of interest in early signups suggests a rising need for alternatives to traditional banking institutions.