Seven fintech firms approved for Zimbabwe’s regulatory sandbox

The Securities and Exchange Commission of Zimbabwe (SECZ) approved seven fintech firms to test products in its supervised regulatory sandbox, the regulator said in a public notice issued by acting CEO Tichaona Mushambadope on July 27, 2026. Firms will operate within predefined testing parameters and timeframes under SECZ oversight.

SECZ named the participants as Zimbabwe Entrepreneurship Exchange, Ndarama Standard, Questview Brokers, Crowdaxe Capital, Procode Platforms, Financial Securities Exchange and Colmin Resources Zimbabwe. Approved projects include a blockchain capital-raising platform, synthetic trading tools, a web-based crowdfunding service and several tokenization initiatives for assets, infrastructure and securities.

Zimbabwe Entrepreneurship Exchange plans a blockchain-driven capital-raising platform. Questview Brokers intends to test synthetic trading products that simulate asset price movements for trading and risk management. Crowdaxe Capital will run an online crowdfunding platform. Ndarama Standard, Procode Platforms, Financial Securities Exchange and Colmin Resources Zimbabwe are focused on tokenizing ownership rights and securities.

SECZ described the sandbox as a controlled testing environment that allows firms to trial new products and business models before wider market entry. The commission said it will continuously monitor participants, evaluate outcomes and issue additional directives, guidance or operational requirements as needed. The regulator retained the authority to impose conditions or withdraw approval if participants do not meet regulatory expectations.

The public notice explained tokenization as converting ownership interests in shares, property or other assets into digital tokens that can be recorded and transferred on distributed ledgers. SECZ said testing multiple tokenization projects will help the commission assess how token-based models interact with Zimbabwe’s capital market infrastructure and legal framework.

SECZ stated the sandbox aims to promote responsible innovation, expand financial inclusion and support the development of a fair, transparent and efficient capital market. The regulator warned that any claims or representations made outside approved testing parameters will be treated as misleading and may prompt regulatory action to protect investors.

In the notice, acting CEO Tichaona Mushambadope wrote: ‘Participants must comply with strict regulatory oversight while testing.’ Outcomes from the trials could inform future policy and regulatory guidance.