LendMN NBFI JSC is a non-banking financial institution based in Ulaanbaatar, Mongolia, that offers mobile phone-based financial services aimed at providing instant loans to under-served individuals. Established in 2006 and formerly known as Duusashgui Undarga NBFI LLC, the company rebranded in December 2016. LendMN's primary offerings include consumer micro-loans and Lend Wallet, a digital platform facilitating various financial transactions. Utilizing proprietary A.I. technology, LendMN analyzes user data to generate personalized credit scores, enabling clients to access collateral-free loans quickly. The initial loan approval process, from application to fund disbursement, typically takes around 15 minutes, while subsequent loans can be processed in just 2 minutes. The platform also features a rewards and loyalty system that incentivizes good repayment behavior, offering clients benefits such as larger loan sizes and reduced interest rates, as well as rewards for referrals and engagement with educational content. LendMN operates as a subsidiary of AND Systems LLC.
Lhoopa is a property technology venture focused on transforming the affordable housing landscape in emerging markets. By utilizing data and innovative approaches, the company partners with local stakeholders to facilitate the provision of affordable homes, effectively addressing the substantial housing deficit in these regions. Additionally, Lhoopa operates as a real estate investment firm, helping clients navigate the buying and selling of properties, which includes various types of real estate transactions such as raw lots, development projects, and rental markets. This dual approach enables Lhoopa to customize solutions for its partners, fostering high returns for investors and promoting sustainable growth within the real estate sector.
Sun King is a solar energy company that specializes in designing, distributing, installing, and financing solar home energy products in Africa and Asia. The company offers a range of solutions, including solar home systems, inverter systems, solar lamps, LED lights, and portable chargers, catering to communities with limited access to reliable energy. To enhance affordability, Sun King provides pay-as-you-go financing options, enabling customers to make small payments over time instead of facing high initial costs. By collaborating with a network of international distribution partners, Sun King aims to expand the off-grid energy market and improve energy access for households and businesses.
Validus is a fintech company focused on providing growth financing solutions to underserved small and medium enterprises (SMEs) in the ASEAN region, including Singapore, Indonesia, Vietnam, and Thailand. The company employs data and artificial intelligence to facilitate access to short- and medium-term credit financing through its online marketplace, which operates on a peer-to-peer lending model. This platform connects SMEs with accredited investors, streamlining the financing process while minimizing costs associated with financial intermediation. Validus aims to foster inclusive growth for SMEs and the broader economy by partnering with corporations to enhance supply chain financing within SME ecosystems. The company is regulated by the Monetary Authority of Singapore and has also secured registration from Indonesia's OJK for its local operations.
Solvento is a fintech company that focuses on developing a payment and credit infrastructure specifically for the trucking sector. Its platform enhances the supply chain by offering reliable and user-friendly tools designed to automate payments and finance invoices. By extending credit lines to truckers, Solvento enables them to access funds immediately upon delivery of goods, thus addressing their liquidity needs. The platform integrates seamlessly with transportation management systems (TMS), GPS, and enterprise resource planning (ERP) systems, allowing clients to automate payment processing and streamline their operations. This allows truckers to concentrate on their core business activities and foster growth.
R5 is a company based in Colombia that simplifies vehicle ownership for its customers. It operates an online platform designed to facilitate financing through the use of assets like cars and motorcycles as collateral. The platform caters primarily to low-income individuals, allowing them to refinance high-interest debt or secure funds for business investments. Additionally, R5 offers a digital solution for purchasing compulsory vehicle insurance at affordable rates, enabling customers to leverage their vehicles to access credit options with lower interest rates. This approach aims to make financial services more accessible and manageable for its users.
Advance Tech Lending is an online salary loans provider. They help employees cover their daily financial needs with a click of a button. They don’t charge interest, just a processing fee to get funds to you immediately.
Co-founded by Gregorio Gilardini and Alejandro Garay in 2018, Leasy is a FinTech platform that provides automobile financing to ride-hailing drivers through a subscription model. It uses its algorithm and evaluators to analyze users' profiles and find suitable cars for them and helps customers to enter into a contract to own a vehicle.
ShopUp is a full-stack B2B commerce platform based in Dhaka, Bangladesh, designed to support small and medium-sized businesses. The company provides a comprehensive range of services, including B2B sourcing, last-mile logistics, digital credit, and business management solutions. By leveraging technology, ShopUp enables small neighborhood shops to access a wide variety of products through an online platform while also offering logistics support and financial credit tailored to their business needs. This holistic approach empowers small businesses to streamline operations and enhance their market reach.
F88 is a financial services firm specializing in providing loans to micro and small businesses, as well as individual consumers. The company primarily offers small loans secured by various assets, including automobiles, motorcycles, and electronics. F88 aims to transform perceptions of the traditional pawn market by delivering reliable and efficient financial services through a network of stores and a modern technology system. Its services include not only loans but also insurance and money transfers. With a focus on customer experience, F88 employs a professional management team and well-trained staff to ensure friendly and prompt service. The company has received recognition for its quality offerings, including a Gold Cup award for reliable products and preferred brands in 2016, highlighting its commitment to high standards in the financial sector.
Numida Technologies is a digital financial institution based in Kampala, Uganda, focused on serving micro, small, and medium enterprises in East Africa. Founded in 2015, Numida provides an application software that enables small businesses to maintain accurate digital financial records, allowing them to monitor their performance effectively. The company specializes in offering unsecured growth and working capital loans, leveraging a proprietary credit scoring system to assess borrowers' creditworthiness. By improving access to financing, Numida aims to foster a thriving small business sector that can create secure employment, enhance tax revenues for local governments, and uplift the living standards of entrepreneurs and their communities. Its platform not only helps businesses make informed financial decisions but also assists lending institutions in reducing risk and costs, ultimately leading to better lending terms for borrowers.
Fazz is a fintech company that provides digital financial services aimed at promoting financial inclusion across Southeast Asia. Founded in 2016 and based in Singapore and Indonesia, Fazz enables merchants, ranging from small and medium enterprises to large corporations, to accept payments, transfer funds, and access banking and investment services. The company offers specialized solutions such as Fazz Agen, which serves micro and small businesses in Indonesia, and Fazz Business, a comprehensive account designed to support startups and larger organizations in managing their financial needs. By merging PayFazz and Xfers, Fazz has strengthened its position in the market, focusing on delivering diverse financial services to underserved segments, including the unbanked.
Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money. Wave Mobile Money is on a mission to make Africa the first cashless continent. On a continent where less than 10% of the population has a bank account, Wave is building the first modern financial network — no account fees, instantly available, and accepted everywhere! It is building life-changing financial infrastructure. When mobile money succeeded in Kenya, it lifted about a million people out of poverty. And yet, over 10 years later, most Africans still lack access to affordable ways to save, transfer or borrow the money they need to build businesses or provide for their families. Wave is solving this problem by using technology to build a radically inclusive and extremely affordable financial network.
UsPlus specializes in offering flexible working capital solutions specifically designed for small and medium-sized enterprises (SMEs). The company focuses on providing tailored financial services that allow business owners to access liquidity tied up in their accounts receivable. By purchasing transferable instruments, UsPlus enables SMEs to unlock funds that can be utilized for growth opportunities. This approach aims to address the unique financial needs of businesses in the SME sector, ensuring they have the necessary resources to thrive in a competitive environment.
Alami is a licensed peer-to-peer lending platform established in 2019 and based in Jakarta, Indonesia. It focuses on providing financing to micro, small, and medium-sized enterprises through sharia finance principles. The platform connects lenders with funding recipients in a transparent manner, emphasizing the creation of a sustainable financial ecosystem aligned with Islamic values. By leveraging advanced data analysis, Alami offers meaningful insights into sharia financing, helping clients reduce transaction costs and expand their access to financial resources from various Islamic financial institutions.
BillEase offers applications that split customers' payments into interest-bearing installments. The company also provides in-app services like personal loans, mobile loads, gaming credits, and e-wallet top-ups. Users can purchase goods and services online and split their payments into installments. The service is designed to provide a more flexible payment option for customers who prefer to spread the cost of their purchases over time without incurring high-interest fees typically associated with credit cards.
Khazna operates a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of smartphone users who lack access to formal financial systems. The super app provides a range of services including General Purpose Credit, Buy Now Pay Later (BNPL), bill payments, savings, and insurance. It also facilitates cash advances for employees to address unforeseen emergencies and allows users to transfer and receive funds without incurring transaction fees. By focusing on digitizing cash transactions, Khazna aims to offer convenient, effective, and secure financial solutions, thereby improving financial inclusion in Egypt and potentially beyond.
Khazna operates a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of smartphone users who lack access to formal financial systems. The super app provides a range of services including General Purpose Credit, Buy Now Pay Later (BNPL), bill payments, savings, and insurance. It also facilitates cash advances for employees to address unforeseen emergencies and allows users to transfer and receive funds without incurring transaction fees. By focusing on digitizing cash transactions, Khazna aims to offer convenient, effective, and secure financial solutions, thereby improving financial inclusion in Egypt and potentially beyond.
Baobab is a cyber insurance company protecting organizations against cyber threats using technology, knowledge, and insurance.
F88 is a financial services firm specializing in providing loans to micro and small businesses, as well as individual consumers. The company primarily offers small loans secured by various assets, including automobiles, motorcycles, and electronics. F88 aims to transform perceptions of the traditional pawn market by delivering reliable and efficient financial services through a network of stores and a modern technology system. Its services include not only loans but also insurance and money transfers. With a focus on customer experience, F88 employs a professional management team and well-trained staff to ensure friendly and prompt service. The company has received recognition for its quality offerings, including a Gold Cup award for reliable products and preferred brands in 2016, highlighting its commitment to high standards in the financial sector.
Planet42 is a company focused on improving access to personal vehicles for individuals overlooked by traditional banks. By utilizing technology to assess risk, Planet42 purchases second-hand cars from a network of motor dealers and offers them to customers through a subscription service. This model allows customers to rent vehicles without needing to meet in person or view the car beforehand. The company analyzes essential validation documents, including identity proofs, payslips, and bank statements, to ensure a smooth transaction process. Through its rent-to-buy automotive services, Planet42 provides an affordable path to vehicle ownership, promoting financial inclusion and mobility for a broader audience.
MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.
Finclusion is a FinTech accelerating company that provides financial services and credit products using AI-powered and data-driven lending for fraud prevention and credit granting. The company also offers buy-now-pay-later (BNPL) services, salary advance schemes, loan services, and transactional banking to individuals and SMEs across 5 countries—South Africa, Eswatini, Namibia, Kenya, and Tanzania.
Workmate is an on-demand staffing platform that connects businesses with qualified frontline workers in sectors such as logistics, warehousing, food and beverage, and hospitality. The platform utilizes advanced technology and detailed workforce performance data to streamline the hiring process, helping companies quickly find reliable workers at scale. By offering tools that enhance worker performance and reduce administrative costs related to managing large workforces, Workmate simplifies the hiring process for businesses. Simultaneously, it provides individuals with opportunities to earn money by instantly linking them to local job openings that match their skills and experience, allowing them to secure short-term employment flexibly and conveniently.
Trella is a Cairo-based company founded in 2018 that provides an online platform connecting shippers to carriers in the shipping and transportation sector. The platform enhances the efficiency of drivers and offers opportunities for increased earnings and better load utilization. Trella aims to lower shipping costs through a transparent pricing structure, ensuring shippers have access to reliable carriers. It provides real-time shipment tracking and critical insights into transportation trends and performance, fostering improved decision-making for shippers. By bridging the gap between shippers and carriers, Trella enhances the overall efficiency of the logistics process.
SAVii is an innovative platform that empowers HR leaders with 360 degree salary linked wellness services designed to elevate team members personally and professionally.
Amartha is a microfinance technology platform that connects micro and small to medium-sized enterprises (SMEs) with investors. The company aims to foster economic growth from the grassroots level, promoting equal prosperity by bridging the gap between entrepreneurs and potential online lenders. Through its mobile applications and website, Amartha facilitates access to microfinance loans, enabling clients to enhance their businesses and contribute to the development of rural areas. By leveraging technology, Amartha seeks to create opportunities for financial inclusion and support the growth of local economies.
TerraPay is a mobile-first international payment network designed to facilitate seamless transnational money transfers. By interconnecting various financial service providers, including mobile wallet operators, banks, and money transfer services, TerraPay creates a unified platform that supports a wide range of transactions such as interpersonal transfers, e-payments, and government disbursements. The network employs standard open APIs, allowing easy integration with any mobile wallet provider. This enables partners to access a global payment network through a single connection, enhancing service scalability while reducing operational and capital expenditures. As a regulated financial intermediary, TerraPay not only manages core transaction processing but also ensures compliance with regulatory standards, oversees foreign exchange management, and handles fund settlements, thereby providing a comprehensive solution for cross-border mobile payments.
PayJoy Inc. is a consumer financing provider based in San Francisco, California, established in 2015. The company specializes in offering smartphone-enabled financing solutions aimed at individuals in emerging markets. Customers can select a smartphone, make a deposit, and choose a flexible payment plan that suits their needs. PayJoy's innovative mobile security technology allows smartphones to serve as collateral, facilitating access to credit for first-time buyers and further financial assistance for unexpected expenses. With a focus on the underbanked population, PayJoy has successfully reached over 10 million customers across various countries, including Mexico, Brazil, Colombia, Ecuador, Panama, Peru, and South Africa. The company has achieved profitability and continues to grow, reinforcing its mission to provide credit access to underserved communities.
Planet42 is a company focused on improving access to personal vehicles for individuals overlooked by traditional banks. By utilizing technology to assess risk, Planet42 purchases second-hand cars from a network of motor dealers and offers them to customers through a subscription service. This model allows customers to rent vehicles without needing to meet in person or view the car beforehand. The company analyzes essential validation documents, including identity proofs, payslips, and bank statements, to ensure a smooth transaction process. Through its rent-to-buy automotive services, Planet42 provides an affordable path to vehicle ownership, promoting financial inclusion and mobility for a broader audience.
FairMoney is a mobile banking platform founded in 2017, operating from Paris, France, and Lagos, Nigeria. The platform specializes in providing credit to private and business borrowers, particularly targeting underbanked populations in emerging markets. By leveraging smartphone data, FairMoney develops an instant credit score for users, facilitating access to various loan types, including personal, business, medical, and car loans. The company has disbursed over 350,000 loans and aims to make financial services more accessible and affordable for millions in Africa and South-East Asia. With a team of 45 professionals and backing from European and American investors, FairMoney is committed to transforming the financial landscape for underserved communities.
KoinWorks is a prominent financial technology company in Indonesia, recognized for its innovative approach in the financial sector, having won the Asian Banker Financial Innovation Award in 2019 for the Lending Category. The company operates a peer-to-peer lending platform that facilitates connections between investors and borrowers, offering a range of financial products that include loans for business, health, and education at competitive interest rates. This platform allows users to manage both their assets and liabilities in a single, accessible environment, making financial solutions more affordable and available to a wider audience. KoinWorks represents a significant evolution in financial services, striving to enhance financial inclusion across Indonesia.
Paylater is a digital financial services platform that specializes in consumer lending. They empower individuals with access to credit, simple payments solutions, high-yield investment opportunities and easy-to-use tools for personal financial management. Paylater also provides loans, online credits, investments, airtime purchases, bill payments, and funds transfers. Paylater is headquartered in Lagos, Nigeria.
Watu Credit Limited is a micro-finance institute specialized in emerging, sustainable and inclusive finance.Their mission is to contribute to sustainable development by providing access to capital to the benefit of micro-small, medium enterprises, low and middle income households.their corporate values are focused on the principles of independence, integrity, transparency, strict corporate governance, strong risk management, competitive lending rates and innovation of products and services.