We’re excited to share the next instalment in our Journey to Formation and Impact Series! This session spotlights The Financial Technologies Service Providers Association (FITSPA) in Uganda, with insights from Team Lead Zianah Muddu. FITSPA has become a key force in Uganda’s fintech scene, uniting service providers to tackle industry challenges and fuel innovation. Zianah shares how FITSPA’s journey is transforming the fintech community and promoting impactful collaboration.
Our Key Takeaways from the Session:
- Understanding Your Value Proposition: One of the first steps for any association is to clarify its value proposition. What unique benefits does your association bring to its members and the broader community? This foundational understanding sets the stage for meaningful engagement and impact and should regularly be reviewed and revisited as the association grows.
- Defining Your Purpose: Clearly articulating the purpose of your association. Why are you starting this organisation? What industry gaps are you filling, and what specific problems are you aiming to solve? Defining these elements from the outset is essential to guide initiatives and attract like-minded stakeholders.
- Prioritising Community Needs: An association thrives on a strong sense of community. Many start by forming a board before understanding member needs. Listening to members and building a supportive environment that addresses their requirements is essential.
- Building Governance from the Ground Up: Governance should emerge from within the community, giving members the chance to define structures and select leaders. This approach strengthens the association’s legitimacy and fosters member ownership and accountability.
- Creating a Foundation for Growth: A strong community foundation is essential for attracting stakeholders and securing funding. Without a well-defined community, it’s challenging to seek support or funding. Establishing a clear vision and showcasing your community’s value lays the groundwork for sustainable growth.
This session was just the beginning of an ongoing dialogue about the future of fintech and the essential role associations play in shaping that future. We invite you to watch the full recording of this insightful discussion and be part of the conversation driving innovation and collaboration in the fintech space.