Creating Wealth and Shared Prosperity for Everyone.

ColloAfrica is dedicated to providing financial services that build wealth and prosperity for communities and individuals alike. Join us today and start securing your financial future.

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Services

Collo offers you the best

Our innovative financial platform gives you the ability to prosper through secure, integrated, flexible, and collaborative financial solutions that build and preserve wealth at every stage of life. One person, one community at a time.

Merry-Go-Round(MGR)

A secure, transparent, and hassle-free digital solution for managing contribution groups like Ajo, Esusu, and Adashe

Incentives

₦100,000

Savings & Loans

Get a head start on your financial goals with member exclusive high-yield savings and low-cost loans options.

Investment

Enjoy access to all the benefits of high entry investments like real estate and commodities, without having to worry about the limitations.

Benefits of ColloAfrica

Why join us? From competitive returns on investments to xyz, our innovative solutions help communities of people build and retain wealth.

Full transparency with automated financial tools

Manage your daily contributions with confidence using tools that ensure every transaction is clear and traceable.

Earn high interest on your savings

Boost your savings with attractive returns while enjoying the convenience of digital daily contributions

Generate recurring income

Turn your savings into consistent earnings through structured contribution plans.

Testimonials

In the words of our users, read how ColloAfrica’s financial services have empowered people and communities to achieve shared prosperity.

“The user-friendly interface makes it easy to do Ajo, save money, and make investments all in one place.

—Susan Odewale

Start building your path to financial success today!

Download our app from Play Store and App Store to begin reaching your financial goals.

Support

FAQs

Everything you need to know about the product and billing. Can't find the answer you're looking for? Please chat to our team.

How does MGR benefit me?
It is a stress free way to start an Ajo group and you can easily join one as well. Once you set up a group no need to chase people to collect the funds, you automatically get debited on the same day and the person receiving the money gets it on the allocated date. There is also a 10% commission for anyone who starts a group and they get paid after the first successful contribution. This is a limited time offer.
What happens when someone defaults?
If there is insufficient funds on any of the members account, a reminder will be sent. If the transaction fails again after 48 hours, defaulting members will be contacted and then any further delay funds may be recovered using BVN. After two defaults, they will be removed from the plan.
If someone defaults do I get the complete payout?
You can only get the sum of what was successfully collected from all participating members.
How do I make people join an Ajo plan?
You can share the benefits of the platform with friends, family, and colleagues. However if you are unable to put together a group of people to do an Ajo with, reach out to us and we will match you with vetted people you can start a contribution group with.
How do we stop if we no longer wish to continue?
Typically our platform does not allow change once a plan starts to ensure every participating member has a chance to collect their turn. In the event where everyone has agreed to end the plan you can email usand request to stop plan
Can I use ColloAfrica features without adding BVN?
BVN is necessary to verify your identity and keep the platform safe for you and everyone who uses MGR and ColloAfrica. It reduces the risk of fraud and gives you access to even more financial products and benefits. Also for regulatory requirements, we need to comply with government guidelines for financial institutions.
I did not receive the Sign up OTP, Why?
Ensure the email you provided is correct and try again. You check also spam if emails do not drop directly to your primary box
Sign up OTP Email is blank
Check your internet connection and send an email to info@hedgeandalpha.com if issue persist
Why is my BVN not accepted
Check if your BVN matches your details as this is very important for virtual account creation
I have funds in my account but not deducted.
Ensure the funds in your wallet is enough for the required transaction
What are the Plan duration available on MGR
We have Daily plan, Weekly plan and Monthly plan
Why do i need a virtual VFD bank account ?
A virtual VFD bank account is created immediately your BVN is verified, this will enable you to use all the services on ColloAfrica
Can i Change a plan after it starts?
No. Plan details can only be edited before the plan starts
Can i join more than one plan at the same time?
Yes, you can join a plan created by another admin.
How does MGR Work?
MGR works just like your traditional group contribution (ajo) but more refined and digitized. Parameters for the MGR is set and Slots are selected by participating members. Virtual accounts are created and the plan starts. Allocation are made based on the slot of position picked.
What is your MGR plan cancellation policy
Typically our platform does not allow change once a plan starts to ensure every participating member has a chance to collect their turn. In the event where everyone has agreed to end the plan you can email us and request to stop a plan. Our support team will guide in the process.
How can i change my account email?
An email account attached to a virtual bank account created on ColloAfrica can not be changed by a customer. Kindly contact support promptly.