FUCEC TOGO

What FUCEC TOGO does

FUCEC TOGO is a cooperative microfinance network and faitière headquartered in Lomé, Togo, founded in 1969. It operates 36 COOPEC branches and 123 points of sale, covering all 39 prefectures and 5 regions of Togo, and serves more than 1.486 million members. Its core products and services include savings accounts (tontines, term deposits, daily/weekly deposits), consumer and SME credit, domestic and international money transfers (Western Union, MoneyGram, Ria, Wari, Orange Money, Moov Money, Togocom), mobile money via the recently launched Fucec Mobile platform, microinsurance distributed in partnership with Allianz and Sunu Assurances, and mutual-aid mechanisms organized through intercaisses groups and the newer SYSCOFOP offering for formal-sector employees.

The platform is built on a branch-plus-agent distribution model with cooperative governance, where members are co-owners rather than purely customers. Technology components include the Fucec Mobile digital channel, member-facing transactional platforms for savings and transfers, the SYSCOFOP payroll-savings infrastructure for formal-sector groups, and intercaisses group-management tooling that underpins the mutual-aid and credit-guarantee mechanics. Strategic partnerships with global remittance operators, mobile network operators, and insurance providers extend the service surface without vertical integration.

FUCEC generates revenue primarily through the interest spread on its 111.897 billion FCFA loan portfolio, supplemented by fees on deposits, transfers, mobile money transactions, and microinsurance distribution. With 158.311 billion FCFA in member deposits and 207.463 billion FCFA in total assets as of end-2025, it is the largest microfinance institution in Togo. The cooperative reinvests surpluses into member dividends, branch expansion, and product development rather than distributing profit to external shareholders, and it employs 1,348 people as of 31 December 2025.

Name

FUCEC TOGO

Legal name

Faîtière des Unités Coopératives d'Épargne et de Crédit du Togo

Website

https://fucec-togo.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

251–500 employees

Short description

FUCEC TOGO is a Lomé-based cooperative microfinance network founded in 1969, operating 36 branches and 123 points of sale across all of Togo to serve over 1.486 million members with savings, credit, transfers, mobile money, microinsurance, and mutual-aid products.

Ownership category

akta.pro rank

Product category

Microfinance

NAICS

Credit Unions (522130), Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)

SIC

Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)

Keywords

• Cooperative microfinance
• Savings and credit
• Mobile banking
• Digital tontine
• Microinsurance

Headquarters

HQ city

Lomé

HQ country

Togo

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income on Loans: FUCEC-TOGO earns interest income by extending credit products to members including agricultural credits, SME/PMI loans, housing loans, consumer loans, YouthStart entrepreneur loans, and education savings credits. Interest rates are set according to loan type and member profile, with preferential rates for youth entrepreneurs and women-led GIES groups.
2. Savings Deposits and Account Fees: Members maintain savings accounts including sight savings, term deposits (DAT), education savings (CEE), and youth savings. FUCEC-TOGO mobilizes these deposits and deploys them as credit. Account opening fees, membership fees, and minimum balance requirements generate ancillary revenue.
3. International Money Transfer Commissions: Through partnerships with Western Union, MoneyGram, and RIA, FUCEC-TOGO earns commissions on international money transfer send and receive services. Available at all 36 COOPEC locations across Togo, serving both members and non-members.
4. Mobile Money and Digital Transaction Fees: Fucec Mobile and mobile money services generate transaction fees for balance inquiries, transfers, bill payments (CEET electricity, TdE water, TV subscriptions), and mobile top-ups. Integration with Flooz and Mixx by Yas enables e-money transactions.
5. Microinsurance Premiums: Through CIF Assurances Vie Togo, FUCEC-TOGO offers microinsurance products including Credit Provident Fund (RPC), Group Borrower Insurance (GEP), end-of-career indemnity (IFC), retirement savings plan (PER), complementary previ-pension, mixed education annuity (REM), family protection, account holder insurance, and inclusive education annuity. Premiums are collected via account deduction or cash payment.
6. Salary Payment Processing: FUCEC-TOGO charges businesses for salary and pension disbursement services through its virement de salaires (salary transfer) product. Employers pay a single bulk transfer fee to credit multiple employee accounts simultaneously.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels7 records

Core offering

FUCEC-TOGO is a cooperative microfinance network that provides savings accounts (sight, term, education, youth), credit products (agricultural, SME/PMI, housing, consumer, YouthStart entrepreneur loans), digital banking via Fucec Mobile and SYSCOFOP digital tontine, international money transfers through Western Union/MoneyGram/RIA, salary and pension disbursement for employers, home-based savings collection, and microinsurance products. It serves members through 36 affiliated COOPEC and 123 points of sale covering all 39 prefectures of Togo, with digital channels complementing the physical branch network.

Product overview

FUCEC-TOGO offers a comprehensive suite of financial products organized around savings, credit, digital services, and insurance. The core offering centers on SYSCOFOP (digital tontine platform) and Fucec Mobile (mobile banking) as the primary digital channels, supplemented by savings products (Term Deposits, Education Savings Accounts), credit programs (including YouthStart for young entrepreneurs), money transfer services (international via Western Union/MoneyGram/RIA and domestic inter-branch transfers), salary disbursement, home collection services, and microinsurance products.

Differentiator

Problem solved

Functional benefit

Brands

• SYSCOFOP: Digitalized tontine system for collective savings with NFC card technology
• Fucec Mobile
• YouthStart
• Compte Épargne Études (CEE)
• Microassurance
• Intercaisses

Quantifiable outcome

• 1,486,515+ members (more than 1 in 6 Togolese) as of December 2025
• +4 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles5 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• WODEWOLE CabinetminorStrategic or Co-development Partner · 2 April 2026WODEWOLE Cabinet initiated the 'À chaque Jeune son budget' (Every Young Person Their Budget) project, with FUCEC-TOGO serving as Official Sponsor. The project promotes financial education as a lever for youth autonomy, with a competition that culminated in April 2026.
• ADA LuxembourgcoreStrategic or Co-development PartnerADA (Appui au Développement Autonome) Luxembourg is a microfinance support organization that collaborates with FUCEC-TOGO on capacity building, product development, and financial inclusion initiatives. ADA Luxembourg provides technical assistance and expertise to strengthen microfinance operations.
• CIF (Confédération des Institutions Financières d'Afrique de l'Ouest)coreStrategic or Co-development PartnerCIF is the West African confederation of financial institutions that includes FUCEC-TOGO as a member. CIF coordinates the regional microfinance network, organizes the annual Council of Administration tour, shares best practices, and develops common strategic plans (2021-2025 and 2026-2030). FUCEC-TOGO's PCA Messan FIOKLOU also serves as PCA of CIF Assurances Vie.
• CIF Assurances Vie TogocoreStrategic or Co-development PartnerCIF Assurances Vie Togo is the life insurance company affiliated with the CIF network, providing microinsurance products distributed through FUCEC-TOGO's COOPEC branches. Products include Credit Provident Fund (RPC), Group Borrower Insurance (GEP), end-of-career indemnity (IFC), retirement savings plans (PER), and family protection insurance.
• ProxFinminorStrategic or Co-development PartnerProxFin is referenced as a partner in FUCEC-TOGO's official partners section. The specific nature of the partnership involves financial inclusion support and development financing.
• APSFD (Association des Professionnels des Institutions de Microfinance de l'UEMOA)minorStrategic or Co-development PartnerAPSFD is the UEMOA-zone association of microfinance professionals that FUCEC-TOGO collaborates with for sectoral standards, regulatory compliance, and professional development.
• Western UnioncoreChannel Partner/ Reseller/ DistributorWestern Union is a global money transfer service available at all FUCEC-TOGO COOPEC branches, enabling members and non-members to send and receive international transfers to/from 200+ countries. FUCEC-TOGO earns commissions on each transaction.
• MoneyGramcoreChannel Partner/ Reseller/ DistributorMoneyGram international money transfer service is available at FUCEC-TOGO branches, complementing Western Union and RIA for international remittance services. Provides instant access to transfers for beneficiaries without bank accounts.
• RIA Money TransfercoreChannel Partner/ Reseller/ DistributorRIA is an international money transfer service available at FUCEC-TOGO COOPEC branches alongside Western Union and MoneyGram, completing the network's international remittance offering.
• Flooz (by T-Money/Togocom)coreTechnology or IntegrationFlooz is a mobile money service operated by T-Money (Togocom) integrated with FUCEC-TOGO's Fucec Mobile platform. Members can link Flooz accounts for seamless electronic money transfers, payments, and airtime purchases via USSD code *155#.
• Mixx by Yas (by Togocom)coreTechnology or IntegrationMixx by Yas is Togocom's mobile money service integrated with FUCEC-TOGO's Fucec Mobile platform. Accessed via USSD code *145#, it enables balance inquiries, transfers, bill payments, and airtime purchases for FUCEC-TOGO members.

Scale indicators18 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• WAGES (Women and Associations for Gain both Economic and Social): Togolese microfinance institution focused on women's economic empowerment and group-based lending. Directly comparable to FUCEC-TOGO as a Togo-based MFI serving low-income and informal-sector borrowers with similar cooperative-style group lending models.
• SIFA (Société d'Investissement pour la Finance et l'Agriculture): Togolese microfinance institution focused on agricultural and rural finance. Comparable to FUCEC-TOGO's agricultural credit business and rural member base, operating in the same regulatory environment.
• Kafo Jiginew: Large cooperative microfinance network in Mali with similar Faîtière-style apex structure and member-owned governance model. Most directly comparable to FUCEC-TOGO in terms of cooperative structure, scale, and West African UEMOA regulatory environment.
• RCPB (Réseau des Caisses Populaires du Burkina): Burkinabè cooperative microfinance network with member-owned governance and rural reach. Comparable in structure and West African francophone context; offers model benchmark for cooperative MFI scaling.
• FINADEV Togo: Togolese microfinance institution providing savings, credit, and money transfer services to underserved populations. Direct competitor in the same Togolese microfinance market with overlapping member base and product set.

Broad incumbents

• Ecobank Togo: Togolese subsidiary of pan-African banking group Ecobank. Overlaps with FUCEC-TOGO in remittances, mobile money, and SME banking — but as a full-service bank competing for the upper end of the microfinance target market.
• Orabank Togo: Togolese commercial banking subsidiary of Oragroup, serving retail and SME segments with deposits, credit, and money transfer services. Overlaps with FUCEC-TOGO's deposit and remittance business but operates as a regulated bank serving broader customer segments.
• Advans Groupe: Pan-African microfinance group operating in multiple West and Central African countries including Côte d'Ivoire, Cameroon, and Nigeria. Comparable as a regional microfinance institution with similar deposit and credit products but operating at a multi-country scale.

Emerging players

• ACEP (Agence de Crédit pour l'Entreprise Privée): Senegal-based microfinance institution focused on SME and individual entrepreneur lending. Comparable to FUCEC-TOGO's YouthStart and SME/PMI credit programs, with similar digital transformation focus across West Africa.

Others

• CIF Assurances Vie Togo: Life insurance company affiliated with the CIF network, distributing microinsurance products through FUCEC-TOGO's COOPEC branches. Adjacent ecosystem player — a distribution partner rather than a direct competitor — but useful for benchmarking insurance attach economics in the Togolese microfinance market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/fucectogo
• LinkedInlinkedin.com/company/fucec-togo

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FUCEC TOGO