About

A regulatory sandbox provides a controlled environment where startups and innovators can conduct live tests of new ideas under the supervision of sector regulators.

Crowdfunding harnesses collective contributions to fund projects and ventures via online platforms, connecting creators with diverse funders.Campaigns span tech startups, charities, and personal goals, offering backers rewards or stakes in success.

Beyond funding, it fosters community engagement, democratising finance by empowering individuals to support projects they believe in.

Peer-to-peer lending facilitates direct lending between individuals through online platforms, skipping traditional intermediaries.

Borrowers connect with lenders based on creditworthiness and terms, securing flexible options and competitive rates. Investors gain diversification and potential returns by participating directly. P2P lending globally transforms borrowing and lending dynamics with efficiency.

Applications

Access the application form via this link and follow the simple on-screen instructions to duly complete and submit the form: Application Form Deadline for applications: Friday, 8 March 2024

NAMFISA Regulatory Sandbox – Guidance Note for Micro-lending Cohort | 0.02 KB

Download

Access the application form via this link and follow the simple on-screen instructions to duly complete and submit the form: Deadline for applications: Friday, 8 March 2024

Find answers to your most common queries

What is a Regulatory Sandbox?

A regulatory sandbox is a tailored environment in which start-up entities and other specified innovators conduct live tests of proposed innovations under controlled conditions while under the supervision of the primary regulator in that sector.

What is the purpose of the NAMFISA Regulatory Sandbox?

Regulatory sandboxes can play an important role in fostering innovation that is needed to overcome the barriers to financial inclusion. Therefore, NAMFISA’s Regulatory Sandbox is an evidence-based tool that is established to promote
1. digital and non-digital financial services innovation; and
2. financial inclusion in the Namibian non-bank financial sector. condonation.

What value does the NAMFISA Regulatory Sandbox add to the Namibian economy and financial services sector?

NAMFISA’s Regulatory Sandbox is an evidence-based tool that fosters innovation and financial inclusion in the Namibian non-bank financial sector and will ultimately contribute towards national transformative efforts of creating a vibrant, safe and conducive financial sector. In creating this conducive and inclusive environment, more economic opportunities are possible, economic activities have the potential to increase and ultimately, economic growth will be generated through the safe deployment and effective regulation of FinTech solutions in the Namibian non-bank financial market.

Who is eligible to participate in the NAMFISA Regulatory Sandbox?

Each cohort of the NAMFISA Regulatory Sandbox is specific to a particular industry which NAMFISA regulates, which are Long Term Insurance, Short Term Insurance, Medical Aid Funds, Pension Funds, Capital Market Institutions and Microlenders. Entities may apply to participate in the NAMFISA Regulatory Sandbox if: The entity is already licensed with NAMFISA, but is deploying a new and innovative product, service or solution that achieves the objectives of the Regulatory Sandbox, but may not meet certain requirements under current legislation; The entity is a start-up that wishes to enter the broader market with its innovative product, service or solution, but is inhibited by current legislation; The entity is a start-up with a business model that is new or innovative that achieves the objectives of the Regulatory Sandbox and that is not allowed in the broader market under current legislation; or The entity is requested by NAMFISA to participate in order to test its new and innovative product, service or solution.