Banking and Spend Management for

Global Non-Profits.

AidBanc empowers NGOs with digital banking and spend management tools to seamlessly disburse aid in an increasingly cashless world.

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Who we are

The digital banking and spend management platform for global non-profits.

Simplified Financial Ops

Centralized control of global funds from one account with zero exposure to local forex risk.

Global Payments

Flexibility to make payments to bank accounts, to mobile wallets, or for cash pick-up in 175 countries.

FDIC Insured

Funds in your corporate treasury account are FDIC insured.

Data Integrity

Real-time global visibility of expenses and financial position from one dashboard.
What's the problem?

NGO financial operations are complex, rely on a myriad of banking systems, and are inadvertently susceptible to fraud.

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01

Leakage of Funds

Quarterly budgets kept in emerging countries are susceptible to FX risk and last mile payments made in cash are susceptible to fraud.

02

Lack of Visibility

Millions of dollars are kept in banks across the world, many of which cannot report balances or transactions in real-time.

03

Inefficient and Manual

Complex, international financial operations lead to inefficient processes of exporting reports, building pivot tables, and manually reconciling to ERP & accounting systems.

AidBanc Solution

Manage your global financial operations in real-time from a single account.

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AidBanc Features

Payments

Give vendors, partners, and employees the flexibility on how they want to be paid. Make local payments to their bank account, mobile wallet or cash in 175 countries.

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Budgets

Import budgets from your ERP system or create your own budgets with a few clicks. Assign approved budgets to local and international execution partners.

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Visibility

Get a real-time view of your global financial position from a single dashboard. Upload receipts and track transactions across your enterprise in real-time and automatically reconcile into your ERP or accounting system.

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Mobile Wallet

Send payments to mobile wallets. Enable your employees and partners to make micropayments from their wallets. Approve fund request from employees or partners then track wallet spending.

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ERP Integrations

Pull existing budgets from your ERP tool and set up permissions on who can spend within each budget. As spend transactions are made, they automatically reconcile back to your ERP and accounting systems

Meet the team

Maf Sonko

Co-Founder & CEO

Maf has over 13 years of experience building and scaling product and solutions across industries. In 2016, he founded and built LumoXchange, which was the first online cross-border remittance marketplace that processed remittance payments to 15 countries. He started his career in supply chain automation where he designed automated distribution centers. Maf received his undergraduate degree from North Carolina State University and his M.B.A. from Alliance Manchester Business School.

Sesie Bonsi

Co-Founder & COO

Sesie is an Attorney with high proficiency and knowledge in the areas of mobile technology and infrastructure including but not limited to, mobile payment systems and financial regulations, and m-commerce. Holds two patents in payment technology and Visa Technology Partner. Prior to AidBanc Sesie built Bleu, an enterprise point of sale system with clients in the U.S. and in Australia. Sesie received his undergraduate degree from the University of Alabama and J.D. from Pepperdine Law School

Alexander Simpson

Co-Founder & Head of Growth

Alex is a seasoned growth and business development executive with a track record of achievement in startup, public and private companies in the SaaS, telecoms, banking, and consumer goods. He has extensive hands-on experience with operations, strategic issues and complex growth strategies for companies like Barclays, Futurebank, Vodacom, PayFi and iPay. Alex received his undergraduate degree in Accounting from University of The Witwatersrand, Johannesburg

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