France based Venture

Deals D000021
Description Access to financial services has made great progress with the arrival of Microfinance. In order to reach down the wealth pyramid, transactions costs are the predominant limiting factor. By developing a less labour intensive, automated banking platform in collaboration with a mobile money provider and mobile phone operator a drastic reduction in the cost of banking was realized, whilst establishing a profitable, scalable banking operation. Clients transact via SMS to apply for loans, make repayments, savings and microinsurance transactions.
Country Of origin France
Funding Sector Impact Investment
Colloboration Type Strategic partnerships