Sikoba Partners

We seek to partner with local governments, cooperatives, local business networks, NGOs and MFIs who can benefit from introducing Sikoba to their communities. We are also looking to work with cooperative banks and development finance institutions to become liquidity providers in the Sikoba Network.

Reach out to discover how the Sikoba IOU system can benefit your business or community by filling out the form or by sending an email to partners@sikoba.com.

Use Cases

Local Currencies

Setting up local currencies is a natural use case for SikobaPay. We aim for an easy set-up that will make it possible to start a local currency even for very small communities. Local currencies using SikobaPay can become easily exchangeable with other local currencies using our credit conversion feature. Of course, all standard IOU features of SikobaPay will also be available for users of such local currencies. Read More...

Direct Giving / Basic Income Programs

Instead of distributing cash, beneficiaries get a “credit” in SikobaPay, which they can use directly for purchases in participating local shops, while cash withdrawals will be subject to a fee. This will significantly reduce costs of the money distribution. Program beneficiaries & the participating shops will be able to use other SikobaPay functionalities, which can lead to an increase in local trade & small business activity.

Optimising Micro-Credit Operations

Operations of MFIs (Micro-Finance Institutions) are often inefficient and sometimes still paper based. SikobaPay can be used as a tool to automate loan management. By onboarding local stores, cash loans can also be partially replaced by credits on the SikobaPay app, further reducing operational costs. Read More...

Alternatives for Micro-Credits

Micro-credits can carry very high interest rates and can also be difficult to obtain, especially in remote areas. When artisans and merchants start using their own credit on the SikobaPay platform for local trade, their reliance on micro-credits may decrease. That said, SikobaPay can also be used as an efficient tool to manage a micro-lending operation. Read More...

Direct Giving / Basic Income Programs

Instead of distributing cash, beneficiaries get a “credit” in SikobaPay, which they can use directly for purchases in participating local shops, while cash withdrawals will be subject to a fee. This will significantly reduce costs of the money distribution. Program beneficiaries & the participating shops will be able to use other SikobaPay functionalities, which can lead to an increase in local trade & small business activity.

Inter-Company Credit Systems

Groups of companies that do business with each other on a regular basis, for example because they are located in the same geographical region, will profit from setting up interco credit systems. Instead of systematically paying each other's invoices, they register invoices in the system and only pay residual balances after periodic clearing. As a result, less bank credit is needed. Read More...

Projects

LOCAL CURRENCY PROJECT - Luxembourg

The Beki is the only local currency in Luxembourg. More than 100 local companies accept payments in Beki, and there are over 200,000 Beki in circulation. Currently Beki exists only in the form of paper currency,  handling & counting of paper notes is problematic in times of COVID.
Sikoba will implement an electronic version of the Beki “e-Beki”, that can be used via the SikobaPay mobile app. This will reduce printing costs as well as eliminate the need to handle and count paper notes. In addition, local businesses will benefit from the IOU features of SikobaPay.

How can you work with us?

  • Become a local ambassador, connecting us with local networks. 
  • Become a founding member of the future Sikoba Foundation, helping us to structure the Foundation’s governance. 
  • Become a Sikoba Federation member, i.e. commit to running one of the computers of the future Sikoba Federated Blockchain. 
  • Help us with fundraising. 
  • Purchase tokens as an investment or a charitable donation. In the latter case, tokens purchased will be earmarked for poor regions, allowing Sikoba users there to transact for free. 
  • Become a liquidity provider (If you're a bank or have an e-banking license): participate in the Sikoba Network and be an interface to the traditional banking system. This will allow Sikoba users to hold fiat money directly in their SikobaPay app.
Contacts & Channels

Sikoba Ltd, 20-22 Wenlock Road, UK - London N1 7GU (UK company number 10283521)

General: info@sikoba.com
Partnerships: partners@sikoba.com

Contact Info

Get in touch:

+44 7513 368 341

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