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Chamasoft

by Chamasoft · Since N/A
No reviews yet
ActiveAvailable globallyCloudFree tier
Quick facts
VendorChamasoft
Year launchedN/A
StatusActive
LocationElgon Court, Ralph Bunche Rd, Upper Hill, Nairobi, Kenya
Countries servedGlobal
Languages1
Integrations1+
Free tierYES
Free trialN/A
Contact salesN/A

About Chamasoft

Chamasoft is a software platform from Chamasoft that supports the management of financial data and reporting processes. It provides features such as investment tracking, performance analysis, and portfolio management so users can effectively oversee financial assets. The platform is designed to cater to various users in the financial industry, offering customizable reporting tools to meet specific needs. Additionally, Chamasoft assists in automating routine tasks, helping users save time and reduce errors in data management. Key capabilities: investment tracking performance analysis portfolio management customizable reporting tools automation support Best for: financial professionals that need to manage and analyze investment portfolios.

Chamasoft is a cloud-based financial management platform purpose-built for chamas, savings groups, and SACCO-style investment collectives. Developed by Chamasoft Ltd (Digital Vision East Africa) and headquartered in Nairobi, Kenya, the platform replaces manual record-keeping with automated tracking of contributions, loans, expenses, and investments. Accessible via both web and mobile apps, Chamasoft is designed to be practical and easy to use for group administrators and members alike. The platform offers key features such as membership management, automated invoicing, detailed financial reporting, and mobile money support, including MPesa. These capabilities simplify day-to-day financial operations while improving transparency and accountability within groups. Its cloud-based architecture ensures that users can access records and reports from anywhere with an internet connection, supporting geographically distributed members and administrators. Although Chamasoft does not provide a public in-app marketplace or real-time bank feeds, it covers the essential needs of informal financial groups effectively. Support is available through email, phone, and a knowledge base, ensuring users can get help when needed. Flexible pricing, including free and paid tiers, makes the platform accessible to small and growing groups.

Pros & Cons

Pros
  • Simplifies chama financial administration by automating contributions, loans, and reporting in one system
  • Improves transparency by giving members clear visibility into group finances and individual statements
  • Designed specifically for chamas and savings groups rather than generic accounting use cases
  • Cloud-based access allows group management from anywhere using web or mobile devices
  • Reduces manual errors through automated calculations and transaction tracking
Cons
  • Advanced customization options for reports and workflows are relatively limited
  • Interface design may feel basic compared to modern enterprise financial platforms
  • Heavily focused on group finance, making it less suitable for individual personal finance use
  • Mobile money features are regionally concentrated rather than globally extensive
  • Does not support complex enterprise-level accounting standards

Features

Key features

Group Financial Management

Centralizes management of chama savings, investments, loans, and expenses in one secure cloud platform

Contribution Tracking

Automatically records member contributions, arrears, fines, and penalties with real-time balances

Loan Management

Manages internal group loans including applications, approvals, interest, repayments, and schedules

Member Management

Maintains detailed member profiles, roles, statements, and participation history

Financial Reporting

Generates automated financial reports such as cash flow, balance sheets, and contribution summaries

Mobile & Web Access

Provides access via web dashboard and Android/iOS mobile applications for admins and members

Notifications & Reminders

Sends automated reminders for contributions, meetings, and loan repayments

Additional features

Member Directory Management

Stores and manages member details, roles, and access rights within the group

Contribution Accounts Tracking

Tracks regular, special, and emergency contributions per member accurately

Loan Issuance & Repayment Tracking

Records loan disbursement, interest calculations, penalties, and repayments

Expense Recording

Logs all group expenses with categories and approval records

Bank & Cash Account Tracking

Tracks group bank balances, deposits, and withdrawals

Investment & Project Tracking

Monitors group investments, projects, and returns over time

Automated Member Statements

Generates individual and group financial statements instantly

Financial Reports & Dashboards

Provides summarized and detailed reports for transparency and audits

Mobile Money Support

Enables contribution and repayment tracking linked to mobile money workflows

Audit & History Logs

Maintains transaction history for accountability and transparency

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
1
Interface languages
1
Billing currencies

Interface languages

English

Billing currencies

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