Non Equity Assistance in 2023
Developer of a fintech platform intended to offer a quick, transparent, and secure way to manage your day-to-day needs. The company's platform offers a scan now and pay later experience without the interest fees or hidden charges, it provides consumers with personal loans, insurance, mutual funds, bill payments, and gold savings, enabling users to manage their day-to-day needs in an interest-free, quick, transparent, and secure way and avail credit to underserved & underbanked..
Non Equity Assistance in 2023
Sav is the GCC's ultimate money app, designed to help users compare, save, spend, and earn effortlessly. By connecting to bank accounts and using AI-driven insights, Sav identifies saving and investment opportunities and automates financial management. With seamless integration across financial products, Sav enhances users' financial lives, making money management simple, engaging, and rewarding. The Sav ecosystem comprises of: 1. B2C mobile app that is powered by automated savings and investments, rewards, gamification, money transfer, and more. 2. SNBL (Save Now, Buy Later)- Unique commerce solution where Sav gets brands to contribute to the users' goals. 3. Checkout solution - Where users can make POS and soft- POS payments directly through Sav.
Sofi is a financial technology company established in 2018 that focuses on debt collection and financial education. The company has developed a platform aimed at facilitating debt negotiation, utilizing software that analyzes user behavior to enhance decision-making processes. This technology empowers consumers to choose how they wish to settle their debts, which helps to lower delinquency rates among debtors. Additionally, Sofi's approach optimizes the collection process for creditors, thereby improving efficiency in managing outstanding debts.
Akiba is an innovative platform that transforms the management of employee savings funds and financial resources. It enables companies to oversee employee funds in a digital and transparent manner, facilitating efficient administration. Additionally, Akiba provides credits and payroll advances, streamlining access to financial support for employees. The platform also features a money-saving and investment component, offering users the opportunity to shop online with discounts and earn two percent cash back on their purchases. Through these services, Akiba aims to enhance financial well-being for both companies and their employees.
EQL Finance is a Fintech firm that provides training to help people improve their financial management abilities. Founded in 2021.
Finerio is an automated personal finance platform based in Mexico that offers users a free and efficient way to manage their finances. The platform allows individuals to link their debit and credit accounts from major Mexican banks, providing insights for effective financial planning and saving. Finerio focuses on personal finance management by enabling users to create custom budgets, monitor and track expenditures, and analyze their consumption patterns. Through its open finance and data analysis capabilities, Finerio empowers users to gain control over their financial information, ultimately helping them plan their expenses and enhance their savings.
Zizu is a neobank focused on serving the US Hispanic market, aiming to empower this community with a comprehensive banking platform that offers affordable and accessible financial services. The company provides a multi-product suite designed to facilitate card-to-card remittance services, enabling users to send money and airtime to their families with ease. Zizu's platform enhances financial security for users by minimizing cash transactions, allowing them to accept, process, and disburse funds efficiently. Through its innovative approach, Zizu seeks to address the unique banking needs of the Hispanic community in the United States.
Non Equity Assistance in 2021
E-learning linked to financial health and inclusion for emerging market citizens
Home Lending Pal built the first Automated Mortgage Advisor that simulates buying a home with multiple lenders to determine mortgage approval odds and affordability impact based on lifestyle. HLP merges online data from trusted sources to streamline application, reduce the need to scan paper documents, and simplify the home buying process with data-driven workflows, AI and blockchain technology. We educated borrowers on homeownership options while collecting underwriting documents at scale for lenders.
Fellow Pay operates an online platform designed to assist small and medium-sized enterprises in obtaining financing and credit. Founded in 2017 and based in Copenhagen, Denmark, the platform allows users to upload invoices, apply for credit, and undergo automatic credit checks. The company focuses on providing innovative financial solutions that empower businesses to reach their full potential.
PayMint is a payment solution that allows businesses with easy cashless payments and a payroll management system. They also provide businesses with fringe benefits for employees which makes PayMint the best solution that provides this bundle of services.
Provider of debt management technologies intended to pay, consolidate, and refinance all debts of a defaulter individual. The company's platform technology allows a user to pay the debt installments via the platform with credit and debit cards or bank transfers and subsidizes debts of a non-payer whose registration at credit bureaus prevents him from getting a job or requesting additional credit, enabling individuals to get free from their debt repayments through a personalized financial technology.
BridgeCare Finance, Inc. is a company based in Seattle, Washington, that specializes in childcare education financing solutions. Established in 2016, it offers family payment plans to assist parents in covering their children's tuition fees. Additionally, BridgeCare provides a white-label platform for childcare data and community management, designed to support organizations that assist both parents and childcare providers. Through these services, BridgeCare aims to facilitate access to quality childcare and improve financial management for families.
Finclude offers financial well being services that empower EU citizens fair access to credit and expand the retail credit markets for financial institutions.
Worthy Financial, Inc. is a financial services company based in Boca Raton, Florida, founded in 2016. It operates a micro-investment app that allows users to save and grow their money through small, incremental investments. The app automatically invests users' spare change into interest-earning bonds, specifically a $10 bond that offers a 5% return. The proceeds from these bond sales are primarily loaned to small, creditworthy businesses across the United States, using collateral such as inventory and accounts receivable to secure the funds. By connecting retail investors with alternative investment opportunities, Worthy Financial aims to strengthen local communities and provide accessible financial growth options for everyday Americans.
Solfeh.com operates an online micro-lending platform that allows users to get short term loans. It offers solfeh.com system, an online scoring system that allows the company to evaluate the user for a loan; and enables users to choose the amount and repayment schedule, as well as to apply through its Website. The user can receive money from the authorized money changers when the loan was approved and repayment will be deducted directly from their salary. Solfeh.com is based in Amman, Jordan.
CFOremoto provides small and medium-sized enterprises (SMEs) with an automated cash management platform designed to enhance their visibility to potential funding sources. The company's financial software utilizes machine learning algorithms to deliver real-time, customized reports, financial statements, and tailored recommendations. This functionality enables SMEs to manage their finances more effectively while also receiving professional support and financial advisory services. By simplifying the funding process and offering insights into financial health, CFOremoto aims to empower SMEs in achieving their financial goals.
Provider of financial lending services intended to provide financial inclusion to the low-income and unbanked entrepreneur population. The company provides finance based on a model that evaluates clients based on behavior and reliability, enabling lower-income business clients to get affordable and legal alternative nano-credit and reducing financial vulnerability.
MPOWER Financing is a Public Benefit Corporation based in Washington, D.C., that provides educational loans to international and DACA students studying in the United States and Canada. Founded in 2014, the company offers loans ranging from $2,001 to $50,000, which can be used for various student-related expenses, including tuition, housing, and books. Notably, MPOWER does not require a co-signer, collateral, or a U.S. credit history, utilizing a proprietary credit algorithm that assesses future potential instead. Loans are structured as 10-year fixed-rate agreements, with repayments beginning six months after graduation. The company also offers additional support services, such as interest discounts, personal finance education courses, credit-building resources, and job placement assistance. By partnering with universities, MPOWER identifies potential loan candidates and directly disburses funds to educational institutions for tuition and related expenses.
Fincura unlocks all of the data that is trapped in financial statements and spreadsheets today so finance companies can use it to differentiate themselves, optimize their operations, and future-proof their businesses. By marrying artificial intelligence and human judgment, our financial insight engine can extract all the data – every line item from every document – and ensure that every team has easy access to this unified, transparent, deep data asset. Our secure, cloud-based architecture and focus on amazing user experiences allows us to enhance the product continuously, integrate with other systems easily, and launch new customers in days.
Fig Tech, Inc. is a financial services company based in Sugar Land, Texas, that specializes in providing loans for low-income families. Founded in 2015, the company offers a variety of financial products, including emergency loans, payday loans, and auto title loans, designed to assist customers in financial distress. Fig Tech emphasizes affordability and flexibility in its repayment plans, aiming to help clients manage their debts and improve their credit scores. The company also collaborates with organizations like Family Houston to offer loans that are significantly more affordable than traditional options. Through its in-house loan management software, Fig Tech enhances the efficiency of its loan servicing, making it easier for borrowers to navigate their financial challenges.
Piggyvest enables Nigerian debit card holders save little amounts of money frequently with minimal effort. They automate the process of saving tiny amounts daily, weekly, or monthly; and then allowing you to withdraw for free on only set withdrawal dates thereby practically making saving more possible for you by eliminating the temptation to withdraw. Piggyvest is a platform that helps individuals and businesses manage their finances effectively - save and invest with ease. As Piggybank.ng, Piggyvest operated in partnership with 2 Microfinance banks and used their licenses. However, in early 2018, Piggyvest acquired Gold Microfinance bank and its license. Piggyvest is also a registered cooperative- Piggytech Cooperative Multipurpose Society Limited (Registration number, 16555). All saved funds are now warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).
Mazima Retirement Plan engages in helping those working in the formal sector save for retirement.
Doopla is a peer-to-peer (P2P) lending platform that provides above-market returns to investors, while charging below-market interest rates to borrowers.
MyMoneySouq is an online platform designed to assist users in comparing various financial products. The company aims to guide and educate individuals in selecting the most suitable options for their needs, including life insurance, personal loans, car loans, credit cards, and bank savings accounts. By providing tools such as affordability calculators and financial education articles, MyMoneySouq enables customers to make informed decisions and choose the right financial products at competitive prices.
Uhoncho is a developer of a mobile application aimed at freelancers, focusing on enhancing their business management capabilities. The application provides tools for tracking income, simplifying invoicing, and monitoring expenses. By offering these features, Uhoncho enables freelancers to gain better visibility into their financial health, empowering them to take control of their daily business activities and improve overall financial performance.
Piggyvest enables Nigerian debit card holders save little amounts of money frequently with minimal effort. They automate the process of saving tiny amounts daily, weekly, or monthly; and then allowing you to withdraw for free on only set withdrawal dates thereby practically making saving more possible for you by eliminating the temptation to withdraw. Piggyvest is a platform that helps individuals and businesses manage their finances effectively - save and invest with ease. As Piggybank.ng, Piggyvest operated in partnership with 2 Microfinance banks and used their licenses. However, in early 2018, Piggyvest acquired Gold Microfinance bank and its license. Piggyvest is also a registered cooperative- Piggytech Cooperative Multipurpose Society Limited (Registration number, 16555). All saved funds are now warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).
Shiksha Financial Services India Private Limited is a non-bank finance company based in Chennai, India, that specializes in providing loans for asset creation, working capital, and school fees within the education sector. Founded in 2014, the company primarily targets education entrepreneurs, particularly those serving middle and low-income communities, to enhance access to quality education. Shiksha Finance offers asset finance loans to private schools, vocational institutes, and coaching centers, enabling them to develop infrastructure and acquire necessary resources. Additionally, the company provides student loans to groups of parents through schools or employers, addressing the financial barriers that schools face in expanding their facilities and improving educational outcomes.
WiseBanyan, Inc. is an online financial advisor that offers wealth management services to individuals and institutions, focusing on automated, goal-based investing. Founded in 2013 and based in New York, the company was launched in 2014 as the first free financial advisory platform, allowing clients to save and invest without any minimum requirements. WiseBanyan's services include customized portfolio construction and automated rebalancing, designed to help clients achieve both short and long-term financial goals. With over 25,000 users currently utilizing the platform, WiseBanyan has facilitated the investment of more than $5.5 billion towards various financial objectives, ensuring that its interests remain aligned with those of its clients.
CNote is an investment platform that earns a better return while investing in the causes and communities that matters. CNote rewards great savers with alternative financial vehicles that earn more - safely and simply. Their first product, CNote Savings, helps good savers earn up to 2.5% annual return -- that's 35x more than a traditional savings account. The was founded in 2016 by two women with decades of experience working in finance, venture capital, and private equity. CNote is headquartered in Oakland, California.
Credit Hero is a platform for financial empowerment geared to the needs of working people.
Vault is a technology company that offers a comprehensive platform designed to alleviate the financial burden of student loan debt for employees. Founded in 2013 and based in Austin, Texas, Vault provides an intuitive web-based tool that allows employers to contribute to their employees' student loan repayments, enhancing employee retention and attraction. The platform simplifies various repayment scenarios and assists users in finding suitable repayment plans, ultimately empowering employees to manage their student debt while also saving for retirement. By fostering strong relationships between employers and employees, Vault aims to support financial freedom and improve overall workforce satisfaction.
MPOWER Financing is a Public Benefit Corporation based in Washington, D.C., that provides educational loans to international and DACA students studying in the United States and Canada. Founded in 2014, the company offers loans ranging from $2,001 to $50,000, which can be used for various student-related expenses, including tuition, housing, and books. Notably, MPOWER does not require a co-signer, collateral, or a U.S. credit history, utilizing a proprietary credit algorithm that assesses future potential instead. Loans are structured as 10-year fixed-rate agreements, with repayments beginning six months after graduation. The company also offers additional support services, such as interest discounts, personal finance education courses, credit-building resources, and job placement assistance. By partnering with universities, MPOWER identifies potential loan candidates and directly disburses funds to educational institutions for tuition and related expenses.
Sweep, Inc. is a personal finance management company based in San Francisco, California, founded in 2014. The company develops an application designed to help users track their upcoming bills, expenses, and financial goals. By providing a platform for personal financial assistance at no cost, Sweep aims to empower individuals to plan for the future, grow their savings, and manage their finances effectively. The application facilitates confident spending and financial planning, ultimately promoting a path to financial independence and enhancing the overall quality of life for its users. As of 2015, Sweep operates as a subsidiary of Affirm, Inc.
Livewire is a marketplace, directory and Q&A forum that connects people with financial and tax professionals online.
Billpocket is a financial technology company that transforms smartphones and tablets into point-of-sale terminals, facilitating card payments without the need for traditional banking infrastructures. Users can accept debit and credit card payments directly through their mobile devices, simplifying the payment process and eliminating high maintenance fees and complex setups associated with conventional systems. Billpocket's platform also offers the option for customers to convert payments into interest-free monthly installments, while the company charges a fixed commission to sellers. This innovative approach enables a seamless transaction experience for both businesses and consumers.
Yotepresto is a rapidly expanding marketplace lending platform based in Mexico that links individual and institutional investors with near-prime borrowers seeking personal loans. The platform specializes in providing unsecured personal installment loans and utilizes a proprietary scoring model to assess risk and establish interest rates for each borrower. By facilitating connections between borrowers and investors, Yotepresto enables clients to crowdfund their loans, streamlining the lending process and broadening access to financing options.
WiseBanyan, Inc. is an online financial advisor that offers wealth management services to individuals and institutions, focusing on automated, goal-based investing. Founded in 2013 and based in New York, the company was launched in 2014 as the first free financial advisory platform, allowing clients to save and invest without any minimum requirements. WiseBanyan's services include customized portfolio construction and automated rebalancing, designed to help clients achieve both short and long-term financial goals. With over 25,000 users currently utilizing the platform, WiseBanyan has facilitated the investment of more than $5.5 billion towards various financial objectives, ensuring that its interests remain aligned with those of its clients.