Myfri is a digital stokvel your employer hosts through payroll and Myfri manages end to end. You save, borrow and look after each other as a workplace community — and the profit a bank would normally keep goes back to the members instead.
You deposit, they lend it out. You borrow, they charge you. The profit in the middle — earned on your savings and your repayments — leaves the community and never comes back.
A stokvel has no bank in the middle. Your workplace saves and lends to itself, under its own trustees. The value that used to leak out is shared by the people who created it: the members.
Every stokvel runs on one old, simple truth: when we pool what we have, all of us are stronger than any bank. Myfri just gives that truth a modern place to thrive.
A deduction you set, landing in your community’s fund before it can slip through your fingers.
When a colleague takes a loan, they repay their own community — not the bank.
The profit a bank would pocket flows back into the community — you benefit every time your workplace saves and borrows together.
Everything a member needs to build a financial life — provided by the community, for the community.
Steady, automatic saving through payroll — the discipline is built in, and the growth belongs to you.
A long-horizon pot for later life, so working years build something that outlasts them.
When life interrupts your income, the community helps carry you until you’re back on your feet.
Dignity for your family when it matters most — funded by the community itself, with no insurer in between.
Borrow from your own community at fair terms — and know your repayments strengthen the fund rather than a bank.
Myfri runs on a simple payroll deduction file — no system integration, no cost to the company, no financial licence needed. You host it, Myfri runs it, and your people power it.
Offer Myfri to your teamOne deduction schedule from your payroll each month. That’s the whole job.
Staff who save, and who can borrow without loan sharks or salary advances, bring their whole selves to work.
A growing stake in a workplace community is a reason to join you — and a reason to stay.
Tell us where you work. We approach your employer — the ask on their side is small, and it costs them nothing.
Your employer isn’t told who nominated them unless you choose to say so.
When your workplace joins, you’ll be the first to know — and the first through the door.
Members join through their employer — but members have the power. Put your workplace on our radar and we’ll do the convincing.
Nominate my workplaceMyfri has quietly run in South African workplaces for nearly two decades. In that time it has helped members save with discipline, borrow without loan sharks, put their children through school, and build homes of their own.
New technology. Years of trust.
The loan and saving scheme helped significantly towards my education. My mother was the breadwinner, and through it I was able to graduate, get a decent job and relieve her of financial burdens. Till today, I am grateful that Myfri made this option available to my mother and her colleagues.
Myfri is a stokvel — South Africa’s own, time-tested structure for community finance. That’s not a workaround; it’s the point.
Your community’s fund is governed as a stokvel — member-owned by design, recognised in South African life for generations.
Decisions sit with trustees appointed by and accountable to the members — with Myfri’s oversight rules that keep everyone in check.
Members see the health of their community fund and how it’s governed. What goes in, what comes back, who decides — in plain sight.
Whether you run the payroll or you’re on it, this is where Myfri starts for your workplace.
For decision-makers — HR, finance, owners. We’ll come back to you with exactly what hosting Myfri involves.
Prefer to watch first? See the 2-minute overview — then book a 20-minute walkthrough.
Don’t wait for us — pick a time that suits you and it goes straight into the diary, video call link included.
Book your 20-minute walkthroughWhile you wait
Rather we reach out? That works too — one of the Myfri founders will contact you by email first, with your phone number as backup.
One thing: your browser blocked our server’s reply, so we couldn’t double-check this landed. It almost certainly did — please don’t send it twice. If you haven’t heard from us by tomorrow, email info@myfri.co.za and we’ll pick it up.
For future members. Tell us where you work and we’ll make the approach — you stay anonymous unless you choose otherwise.
Your workplace is officially on our radar — and your name stays with us, not with your employer. We’ll make the approach ourselves.
You asked to be kept posted, so the moment your workplace joins, you’ll be the first to hear — by email, with a call as backup.
One thing: your browser blocked our server’s reply, so we couldn’t double-check this landed. It almost certainly did — please don’t send it twice. If you haven’t heard from us by tomorrow, email info@myfri.co.za and we’ll pick it up.