1. DimuPayPoint joins EquityPilot to expand cash-to-digital kiosks across Malawi

Lilongwe, Malawi 

Malawi faces a major financial inclusion challenge: roughly 65% of the population lacks access to formal banking services, and only about 19% access bank payment services. Low penetration of payment equipment and limited bankable touchpoints leave large portions of the population excluded from digital payments and basic financial services. Closing this gap supports economic participation across utilities, education, commerce, and remittances.

What the Startup Delivers? 

DimuPayPoint is deploying a distributed network of independent paying kiosks and agent-operated terminals that enable cash-to-digital transactions. The service accepts bill payments (electricity, water, phone, city rates), examination fees, insurance, transfers to mobile wallets and bank accounts, and purchases such as TV subscriptions, event tickets, and lottery/betting transactions. Forex, money transfer services etc. Devices will be placed in high-footfall locations — shops, petrol stations, market stalls, community centers to meet people where they transact.

Why Now? 

Mobile money adoption in Malawi is growing, but limiting infrastructure and low bank-card use (11.17%) constrain broader digital migration. With 62% of payments already occurring digitally in some channels, strategically placed kiosks can accelerate formal financial access and enable more reliable bill collection and remittances. The timing aligns with increasing merchant acceptance and demand for convenient local conversion points between cash and digital payment rails.

Program Plan (first 30–60 days) 

Through EquityPilot, DimuPayPoint will: - Finalize device specifications and partner procurement channels - Pilot 50 kiosks in Blantyre and one secondary market, prioritizing utility bill payment and mobile wallet top-ups - Implement onboarding and agent training, agent commission structures, and compliance workflows - Build integration connectors for major local mobile money providers and two commercial banks This focused plan emphasizes execution milestones and operational readiness rather than fundraising commitments.

Leadership Comment 

Hesham Zreik, Founder and CEO of FasterCapital, said: ‘We’re excited to support DimuPayPoint through EquityPilot. Our team will focus on execution milestones and connecting the startup with the right ecosystem stakeholders.’

Founder background 

DimuPayPoint’s core team combines local operations experience with payments know-how. Led by a management team including Gadi Misheck Banda, the founders bring agent-network development and merchant relationships that are critical for rapid kiosk adoption in informal and formal retail channels.

Next 90 Days 

DimuPayPoint will complete the pilot rollout, measure transaction volume and average ticket size, refine agent onboarding materials, and prepare a merchant partnership playbook. Success metrics for the quarter include active kiosk uptime, transaction throughput, and initial utility provider integrations.

About DimuPayPoint

DimuPayPoint is building accessible payment infrastructure across Malawi through agent-operated kiosks and payment terminals. The company’s mission is to make money transfer and bill payments easy and affordable for local communities by providing reliable, convenient access points for digital financial services.

About FasterCapital

FasterCapital is a global venture builder and online incubator dedicated to co-funding and co-founding innovative startups. Established in 2014, we are now #1 venture builder in terms of number of startups that we have helped, money invested and money raised. It supports startups worldwide through various programs, including funding assistance, business development, and technical support. The EquityPilot program is designed to help early-stage startups build scalable solutions with mentorship, strategic guidance, and network support.

Media Contact:

Lydia Zeng
Email: lydia.zeng@fastercapital.com
Phone: +1 (512) 400-0256