Zega Finance joins hands with ThitsaWorks to use Re21 Financial Mobile App

Updated: Jul 4, 2022

Yangon, 29 Apr 2022

Zega Finance, a non-bank financial institution licensed by Central Bank of Myanmar, with aspiring plans to serve digital financial services and products to consumers in Myanmar, has chosen Re21 as its digital financial literacy knowledge sharing partner. Re21 Financial Mobile App is launched by ThitsaWorks, the leading microfinance financial technology solutions provider in the country. Zega provides consumer financing products such as hire-purchase, payday loans, and financial products with a focus on farming families over agriculturally significant rural areas.

Re21 is not just an ordinary budget planner, but more like a financial coach who helps people form better financial habits so that they can have better financial resilience and also guides people to be able to stick to their budget and reach their financial goals. Re21 is brought to you by ThitsaWorks, with support from the German Sparkassenstiftung for international Cooperation (DSIK).

The German Sparkassenstiftung for International Cooperation (DSIK) is the German development policy institution of the Sparkassen-Finanzgruppe. DSIK actively supports financial institutions that sustainably promote economic and social development through needs-based banking, with the aim of giving people in developing and emerging countries access to financial services and thus creating perspectives for a way out of poverty.

Re21 offers a variety of useful features such as Expense, Income Tracker, and Planner which will allow you to track your spending habits and plan how much you will spend each month while Saving Goals will help you reach your financial goals. Coach feature will offer challenges for 21 days which will enhance your digital financial literacy knowledge. In Search, you can search for locations of financial services.

Mr. Saw Dino Ku, CEO of Zega Finance, commented “We are delighted to partner with Re21. We are confident that our partnership will enable us to serve our clients all over Myanmar with digital financial services and products, help people form better financial habits so that they have better financial resilience.”

Mr. Nyi Nyein Aye, CEO of ThitsaWorks, added “We are gratified to partner with Zega to help them with their digitization roadmap. I believe that the Re21 Financial Mobile App will help Zega implement effective and efficient communication with clients and knowing client’s financial behaviors & financial literacy will enable Loan Officers/Credit Officers to find potential clients & use Re21 as an alternative credit assessment tool.

About Zega Finance – Zega is a non-bank financial institution licensed by Central Bank of Myanmar since 2017, working towards transcending Myanmar's financial system into an interconnected, digital one.

About ThitsaWorks – Founded in 2016, ThitsaWorks provides financial technology solutions for Microfinance and non-bank financial institutions to run effective operations. ThitsaWorks help financial institutions better management and minimize risks, thereby attracting more customers and powering financial inclusion in the country. Visit ThitsaWorks at https://www.thitsaworks.com.

For more information about Re21, please contact hello@re21.io