DARE ES SALAAM, Nov. 2 -- THE growing collaboration between banks and startups is helping Tanzanian innovators turn technological ideas into practical business solutions, opening opportunities to access markets, capital and participate in the digital economy.

Through these partnerships, innovators have gained opportunities to integrate their systems with banking services, enabling them to develop products that help businesses manage finances, track transactions and improve operations.

Among those benefiting is Gwakisa Bill Mwaipopo, cofounder and Chief Executive Officer of XB Limited, which has developed a platform that enables businesses to access bank account information, sales records and expenditure details in one place.

The system...