The rotating model already works. What it's missing is a record.
Savings goal set — ₦25,000
Round 4 of 8 · Balogun Traders Circle
For generations, Ajo, Esusu, and Adashi have run on trust, a notebook, and a collector who shows up every day. That trust is real, the tooling around it isn't.
Rounds keeps the exact structure intact: same members, same rotation order, same contribution amount.
It just puts a ledger underneath, so every contribution is logged automatically and no one has to take a collector's word for what's in the pot.
Members join a round, contribute on a set schedule, and receive payouts in rotation. Every contribution and every payout is logged and visible to the whole circle in real time. No notebooks, no guesswork.
Members join a round, contribute on a set schedule, and receive payouts in rotation. No notebooks, no guesswork.
Every contribution and every payout is logged and visible to the whole circle in real time.
A five-person family circle or a five-hundred-member trade association. Rounds scales either way.
Cooperatives and thrift collectors get automated reconciliation, defaulter tracking, and digital records, without losing the community feel that makes Ajo work in the first place.
This is the circle Rounds digitizes. The same traders, the same trust, now with a ledger nobody can dispute.
Collectors don't disappear from the model, they're central to it. Rounds gives them tools that make the job easier, while giving every member the same visibility the collector has always had.
Automated reconciliation — no more manual notebook tallying at the end of the day.
Defaulter tracking — see who's behind before it becomes a dispute.
Shared trust — the ledger backs up the collector's word instead of replacing it.
Set the contribution amount, schedule, group size, and payout order, the same rules your members already agree on today.
Members join by app, web link, or USSD code. Everyone sees the same circle, the same rules, the same ledger.
Transfers, wallet top-ups, or agent collection, every contribution is logged and visible to the whole circle instantly.
When a round closes, the pot pays out automatically to the next member in rotation. On time, every time, in full view.
Grid Finance automatically sends a notification and reminder to the member who missed their contribution, and the rest of the round (ajo) is also notified, keeping the group informed so it can apply its own agreed follow-up. This preserves the trust and transparency traditional ajo groups rely on, even as the process moves digital.
Yes. Participating in a digital Rounds (ajo) group requires a smartphone, since members track contributions, payout schedules, and group activity directly through the app.
Yes. An existing ajo group can move onto Grid Finance's Rounds product mid-cycle. Our system can backdate remittance history, so the group's existing contribution record carries over instead of restarting from zero. Members do not lose track of who has paid, and the payout order stays fair and consistent.
The pot is held by the licensed business or financial institution running the Rounds group, not by Grid Finance. As a technology provider, Grid Finance does not custody funds; we give you the system to track contributions and manage payouts, while the pot itself sits within your own regulated account structure between contribution and payout.
Digital records, automated payouts, and a ledger everyone can see. No more worrying that the collector runs off with the money.
Multi-tenant financial infrastructure for Nigeria's lenders, savers, and thrift collectors.
Grid Finance is a financial infrastructure provider offering lending, savings, and contribution-circle technology to licensed and registered businesses operating in Nigeria. Grid Finance is not itself a lender, deposit-taking institution, or thrift collector, and does not directly offer financial products to end consumers. All lending, savings, and Rounds products are issued and operated by the individual tenant businesses using the Grid Finance platform, in line with applicable CBN regulations. This copy is provided for informational and marketing purposes and should be reviewed by legal and compliance counsel before publication.
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