• Latest
  • Trending
  • All

Silicon Valley-Backed Start-ups Disrupting the Financial services in Emerging Markets

January 19, 2016
Fintechs Will Need To Adjust Their Playbooks

Fintechs Will Need To Adjust Their Playbooks

November 23, 2020

Personalize Your Business- 7 Tips To Improve Your Customer Experience

November 23, 2020

Side Income: How To Choose A Suitable Passive Income Stream

November 23, 2020
A Game Plan For Technology Companies To Actually Help Save The World

A Game Plan For Technology Companies To Actually Help Save The World

November 23, 2020
Financial Crime & ‘Money Muling’ – How To Avoid Becoming A Target

Financial Crime & ‘Money Muling’ – How To Avoid Becoming A Target

November 23, 2020
The Dangers Of Over-Reliance On High-Level Metrics To Manage A Company

The Dangers Of Over-Reliance On High-Level Metrics To Manage A Company

November 23, 2020

Why Corporate Shared Value (CSV) exceeds Corporate Social Responsibilities (CSR)

November 23, 2020
How Get The Pay Raise You Deserve- 10+1 Tips!

How Get The Pay Raise You Deserve- 10+1 Tips!

November 28, 2018

Gene Therapy To Reverse Aging In Dogs, and Humans Could Be Next

November 22, 2020

Networking For Introverts – 15 Helpful Tips

February 14, 2018
Data Privacy Is A Major Concern For All Of Us!

Data Privacy Is A Major Concern For All Of Us!

November 22, 2020

‘We Can All Play A Part In Preventing Age Discrimination At Work’

January 3, 2018
  • About
  • Finance
  • Business Ideas
  • Leadership
  • Start-up
  • Career
  • Online business
Friday, February 3, 2023
  • Login
Business Mellows
Buy me a Coffee
  • Business
    Fintechs Will Need To Adjust Their Playbooks

    Fintechs Will Need To Adjust Their Playbooks

    Personalize Your Business- 7 Tips To Improve Your Customer Experience

    Side Income: How To Choose A Suitable Passive Income Stream

    Financial Crime & ‘Money Muling’ – How To Avoid Becoming A Target

    Financial Crime & ‘Money Muling’ – How To Avoid Becoming A Target

    The Dangers Of Over-Reliance On High-Level Metrics To Manage A Company

    The Dangers Of Over-Reliance On High-Level Metrics To Manage A Company

    Why Corporate Shared Value (CSV) exceeds Corporate Social Responsibilities (CSR)

    How Get The Pay Raise You Deserve- 10+1 Tips!

    How Get The Pay Raise You Deserve- 10+1 Tips!

    Gene Therapy To Reverse Aging In Dogs, and Humans Could Be Next

    Networking For Introverts – 15 Helpful Tips

  • Technology
    Fintechs Will Need To Adjust Their Playbooks

    Fintechs Will Need To Adjust Their Playbooks

    A Game Plan For Technology Companies To Actually Help Save The World

    A Game Plan For Technology Companies To Actually Help Save The World

    Financial Crime & ‘Money Muling’ – How To Avoid Becoming A Target

    Financial Crime & ‘Money Muling’ – How To Avoid Becoming A Target

    Gene Therapy To Reverse Aging In Dogs, and Humans Could Be Next

    Data Privacy Is A Major Concern For All Of Us!

    Data Privacy Is A Major Concern For All Of Us!

    Banking and Finance- ‘Digital Technology Is Cutting The Cost Of Serving Just About Everyone’

    Bitcoin – Is It Merely ‘A Speculative Bubble’?

    Africa- How Bitcoin Is Reducing The Need For Trade financing

    Dealing With Challenges In The Fintech Sector-Is Fintech Over-Hyped?

    Africa- How Bitcoin Is Reducing The Need For Trade financing

    Africa- How Bitcoin Is Reducing The Need For Trade financing

  • Datenschutzerklärung
  • Impressum
  • Shop
No Result
View All Result
Business Mellows
No Result
View All Result
Home Business

Silicon Valley-Backed Start-ups Disrupting the Financial services in Emerging Markets

by Reyherb
January 19, 2016
in Business, Business Ideas, Finance, Start-up, Technology, Uncategorized
2 min read
1
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

Anyone who knows about the problems associated with the lending industry  in Africa, especially for women enterprenuers or SMEs, would definitely understand what Hilary Clinton was talking about on  ‘the Goldman Sachs 10,000 Women: Proving the Case for Women Entrepreneurs’-She said, “It’s a big market and somebody’s gonna serve it”

Lack of funds for Micro and Small Enterprises still remains one of the greatest obstacles to economic growth. It’s not a secret that many SMEs in developing countries are not catered to by banks because they are perceived as high risk category. But that’s slowly becoming a thing of the past, thanks to the power of digital information.

Well, finally someone has decided to disrupt the financial services industry in the emerging markets. A few Silicon Valley-backed start-ups are slowly stepping into the business of lending to micro / small business entities engaged in Agriculture, Farming, and Manufacturing, Trading, Transport and Logistics. They are looking to support SMEs, Microenterprises and grant them access to much needed capital.

So, who are they and how do they work? In Kenya for example, Saida  one of them, which uses information collected from Apps to look at how people use their smartphones and in turn analyse the data and the users’ behaviour traits to place them on a credit worthiness scale. (How excatly does Saida work?)

Another similar one is Branch, a for-profit, socially-conscious company based in San Francisco and Nairobi. Branch was co-founded by Matthew Flannery who is also the co-founder of KIVA.Org.  Similarly,  Inventura  and Lendup are other great technologies among many, that are helping to solve the problem of limited access to financial grants in emerging Markets.

More on how these App-based Lending startups operate 

Thanks to technology, a  report by Omidyar Network suggests that between 300 and 580 million people without a credit rating could benefit from app-based lending.

 

More depth information about the “Lending Startups Look at Borrowers’ Phone Usage to Assess Creditworthiness” On WSJ

Tags: 10000 WomenGoldman SachsMicrofinanceOmidyar NetworkSMESocial Impact
ShareTweetShare
Reyherb

Reyherb

Business Mellows

Copyright © 2020 Business Mellows.

Navigate Site

  • About Me
  • Blog
  • Datenschutzerklärung
  • Shop

Follow Us

No Result
View All Result
  • About Me
    • About
  • Blog
  • Datenschutzerklärung
  • Shop

Copyright © 2020 Business Mellows.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.