Pesabooks leverages the power of decentralized technology and multi-sig wallets to provide a secure, transparent and convenient platform that allows a group of people to save and invest together in the cryptocurrency market. With Pesabooks, users can pool their funds and invest in a variety of cryptocurrencies and decentralized finance (DeFi) assets.

The idea behind Pesabooks originated from a personal experience within a tontine group.

A tontine ( also known as susu, ajo, tanda...) is a traditional form of informal savings and credit system widely used in many cultures around the world. It involves a group of individuals who contribute a fixed amount of money at regular intervals into a common fund.

I wanted an accounting software adapted for tontines that provided real-time financial information accessible to all members, eliminating the need for a group secretary to maintain an Excel file on their laptop. However, the initial approach proved to be impractical, as it burdened the tontine administrator with manual transaction recording.

With this setback in mind, I realized that integrating Pesabooks with a traditional banking system would be costly, and it wouldn't address the fact that a significant portion of the third-world population remains unbanked. However, a breakthrough occurred when I delved into the world of cryptocurrencies.

in 2022, fueled by an interest in crypto, I had an epiphany. I decided to revive the Pesabooks project and shift its focus from being a mere accounting software to a digital platform fueled by cryptocurrencies. The vision was simple: instead of contributing with cash, users could seamlessly contribute online using cryptocurrencies, offering heightened security, faster transactions, and low fees. Pesabooks emerged as a solution that transcends borders, enabling hassle-free money transfers and unlocking the potential for new financial instruments through DeFi.