In 2024 alone, Watu financed a staggering 1.4 million smartphones, connecting a massive cohort of underserved individuals to the digital economy. Smartphone Financing Income Impact Rate (SFII): More than one in three customers (35.2%) reported a direct increase in their income after getting a smartphone through Watu. “In 2024 alone, we financed 1.4 million smartphones,” said Watu CEO Andris Kaneps. In 2024, Watu paid out $31 million in wages and salaries and contributed over $8 million in taxes. To back its commitment to responsible financing, Watu also secured a Bronze-level Client Protection Certification in Kenya, Uganda, and Tanzania, adopting global standards for its lending practices.