Non Equity Assistance in 2023
FatakPay is a fintech platform designed to enhance consumer financial management through a variety of services, including virtual credit cards and a scan now, pay later feature for shopping. The platform aims to provide users with a transparent and secure way to handle daily financial needs without incurring interest fees or hidden charges. In addition to facilitating shopping, FatakPay offers personal loans, insurance, mutual funds, bill payments, and gold savings, catering specifically to underserved and underbanked populations. The mobile application is accessible on both iOS and Android devices, making it convenient for users to manage their finances effectively.
Non Equity Assistance in 2023
Sav is a financial technology company based in the Gulf Cooperation Council (GCC) that offers a comprehensive money management application. The app is designed to assist users in understanding their finances, protecting and growing their wealth, and managing debt. Utilizing Open Banking principles, Sav leverages artificial intelligence to provide personalized suggestions that guide users toward achieving their financial goals efficiently. The company aims to alleviate financial stress and empower individuals to live beyond their immediate paycheck. In 2024, Sav participated in the Sanabil 500 MENA Seed Accelerator program, securing $100,000 in funding to support its growth and development.
Introducing Sofi, the groundbreaking solution to tackle the rapidly growing issue of consumer debt and delinquency. With over 70 million Brazilians struggling to pay their bills on time, resulting in a staggering global social problem worth $1.5 trillion, access to credit has become more critical than ever. Traditional debt collection methods, relying on 99% phone calls, have proven ineffective, with 94% of calls going unanswered. The landscape has shifted, and consumers now demand instant, user-friendly solutions that free them from debt burdens and restore their access to credit. Enter Sofi, the first AI-powered platform designed to revolutionize debt management and improve customer relationships for businesses. Using cutting-edge Artificial Intelligence and Machine Learning, Sofi empowers companies to gain invaluable insights into their customers' behaviors, enabling them to make more strategic decisions regarding debt recovery campaigns. With Sofi, users can effortlessly pay their bills with customizable payment plans that fit their budgets, while companies can reduce delinquency rates by leveraging empathy and personalization. This fosters a more sustainable economic and social development for all.
Akiba is a platform that revolutionizes employee savings funds and funds.It allows companies to manage their employee funds and funds in a digital and transparent manner, in addition to offering credits and payroll advances in an agile manner.
EQL Finance is a Fintech lender that provides training to help people improve their financial management abilities. Interest-free lending,
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.
a neobank for the Hispanic market. Our mission is to empower Hispanics providing a multi-product mobile banking solution, with fair financial services.
Non Equity Assistance in 2021
Mosabi is a platform for business and life skills that links to financial resources. The company's platform blends fintech and edtech to bring emerging market citizens the skills and services to better manage their businesses and money. Mosabi was founded in 2019 and is headquartered in Wilmington, Delaware.
Home Lending Pal charges lenders monthly to implement fairness solutions to increase fairness and profits. We remove preconceived notions from lenders that increased fairness equals decreased profits while building trust and engagement with marginalized communities. Our monthly software + CRA Qualifying Marketing fees for banks aim to increase compliance, speed, and readiness through automation. HLP customer success teams lead marketing optimizations to increase application volumes, approval, and take rates.
Fellow Pay enables SMEs to grow by providing fair access to credit through upfront financing on invoices and extending 60 days of free credit to buyers. The company helps growing B2B SMEs in the manufacturing, export, construction, and real estate industry. Without the typical lengthy application processes and financial verification, Fellow Pay enables quick and efficient access to liquidity. The company's services are available in Denmark, the Netherlands, the US, and the UK.
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.
Akredito operates a lending platform designed for the financial sector, focusing on the management of individual debt. The platform enables users to pay, consolidate, and refinance their debts, catering specifically to those who have defaulted on payments. It offers various options, including discounts and installment plans, to assist individuals in managing their financial obligations. Through its technology, users can make debt repayments using credit and debit cards or bank transfers. Additionally, Akredito aims to support individuals whose credit histories hinder their ability to secure employment or obtain further credit, facilitating a pathway to financial recovery and stability.
BridgeCare is a child care data and community management platform designed to assist organizations that support parents and childcare providers. The platform addresses the challenges faced by working families in locating affordable childcare and education options. By connecting local families with various childcare and educational programs, BridgeCare enables families to secure quality care while reducing their monthly expenses over time. This approach helps parents and caregivers ensure their children's uninterrupted career paths without financial strain, ultimately promoting a supportive community for families in need of childcare solutions.
Finclude operates a credit scoring platform that facilitates the assessment of consumer creditworthiness across Europe. By utilizing a unique approach that focuses on transactional behavior, Finclude enables businesses to evaluate individuals regardless of their credit history. The platform aggregates and interprets data from various banks, providing a comprehensive view of a customer's affordability and creditworthiness. This innovative system supports more informed credit decisions for both businesses and consumers, promoting greater financial inclusivity.
Worthy Financial is a digital investment app that redefines how Americans access alternative investment products. Worthy's first product is a free micro-investment app that helps people save and grow their money – $10 dollars at a time. It offers a $10, 5% interest earning bond, which in turn supports small creditworthy businesses across the U.S., helping to strengthen our local communities.
Solfeh is a private micro-lending institution based in Amman, Jordan, established in 2016. The organization aims to improve access to critical financial services through a streamlined online platform that facilitates quick and easy loans. Solfeh focuses on addressing the financial challenges faced by individuals with limited disposable income, who often struggle with personal cash flow imbalances. This demographic may encounter emergencies related to childcare, healthcare, education, or debt consolidation, leaving them unprepared for sudden expenses. By providing instant credit ratings and short-term loans, Solfeh enables employees of various institutions to secure emergency cash efficiently. The organization is committed to designing tailored lending methodologies that align with the specific needs of its clients, thereby enhancing their financial stability and performance.
CFOremoto empowers SMEs towards funding by giving them access to automated cash management platform that makes them visible to various funding sources in the market.
CloQ is a fintech startup focused on enhancing financial inclusion for low-income and unbanked individuals, particularly entrepreneurs. The company offers financial lending services that assess clients based on their behavior and reliability, rather than traditional credit scoring methods. By doing so, CloQ aims to provide affordable and legal alternative nano-credit solutions, helping to alleviate financial vulnerability and empower individuals to achieve their business goals.
MPOWER is a US-based lender offering student loans to international students studying in the US or Canada without requiring a co-signer, collateral, or US credit history because our proprietary credit algorithm focuses on future potential. MPOWER disburses payments directly to the university on behalf of the students to pay for tuition or university-sponsored services like housing, meal plans, or health insurance. Students start paying back the loan within 6 months after graduation. The loan comes with interest discounts, free personal finance education courses, credit-building, and a job placement service for the students.
Fincura, Inc. is a Boston-based company that develops an AI-enabled cloud software platform aimed at transforming financial data management for finance companies. Founded in 2017, Fincura focuses on unlocking valuable insights from unstructured financial statements and spreadsheets, allowing institutions to differentiate themselves and enhance operational efficiency. The platform combines artificial intelligence with human expertise to extract detailed data from various documents, ensuring that teams have access to a unified and transparent dataset. Fincura's secure, cloud-based architecture facilitates easy integration with other systems and supports rapid onboarding for new customers. Through features such as automated financial analysis, individualized covenant monitoring, and compliance tracking, Fincura empowers financial institutions to make informed decisions throughout their lending processes.
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 lending platform focused on enhancing the lending and borrowing experience in Mexico. It operates as a credit and investment marketplace that connects lenders with borrowers through a fully digital interface. By offering competitive interest rates to borrowers and above-market returns to investors, Doopla aims to bridge the interest rate gap in the region. The platform facilitates fair loans by allowing borrowers to repay through direct payroll deductions, ensuring a streamlined and secure repayment process. Through its innovative approach, Doopla seeks to simplify access to credit while providing attractive investment opportunities.
Mymoneysouq provides financial solutions. They offer services that include personal loans, car loans, car insurance, credit cards, savings accounts, zero balance business accounts, digital business banking accounts, mortgage calculators, car loan calculators, and dbr calculators.
Uhoncho helps freelancers gain visibility, empowerment and control over their day-to-day business activities and 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 Finance is a RBI licensed Non Bank Finance Company (NBFC) providing loans for asset creation, working capital and school fees in the education sector. Their loans are targeted at education entrepreneurs who seek to improve access to quality education with a particular emphasis on middle and low-income communities. Such entrepreneurs are typically driven by a mission to deliver higher quality education outcomes for children in their neighborhood. It is not uncommon for such schools to face a lack of funds to expand their classrooms and physical infrastructure, besides having inadequate access to academic and extracurricular tools for their students. This lack of capital is what Shiksha Finance aims to address, by providing finance and loans.
WiseBanyan is the world's first free financial advisor. It helps people save and invest for their goals, starting with their very first dollar --- for free. Launched in 2014, WiseBanyan provides automated goal-based investing and automated financial planning, all with no minimums. Today, there are over 25,000 people using it to save and invest over $5.5 billion in goals.
CNote is an investment platform that focuses on fostering economic and racial justice through financial innovation. Founded in 2016 by two women with extensive backgrounds in finance and venture capital, CNote operates as a certified B-Corporation based in Oakland, California. The platform offers alternative financial vehicles, such as CNote Savings, which provides savers with competitive returns—up to 2.5% annually—significantly higher than traditional savings accounts. CNote directs investments toward funding women and minority-led small businesses, affordable housing, and economic development in underserved communities across the United States. By aligning financial returns with social impact, CNote enables users to invest in the causes and communities that matter to them.
eCreditHero Inc. is a New York-based company that has been operational since 2013. It specializes in providing an online application platform designed to help consumers repair and manage their credit effectively. The platform aims to empower individuals, particularly working people, by addressing their financial needs and facilitating better credit management. Through its services, eCreditHero offers tools and resources that assist users in improving their credit scores and overall financial health.
Vault provides the most comprehensive software platform in the market to address the financial burden of student loan debt. Our intuitive web-based tool provides a highly secure employee experience that empowers employees to achieve financial freedom. With the option to make contributions to employees’ debt repayment, Vault enables companies to attract and retain their valuable talent. Vault empowers companies with relevant, flexible products that provide advice, create pathways to manage student debt more effectively, and enable paying-down student loans while building 401(k) savings.
MPOWER is a US-based lender offering student loans to international students studying in the US or Canada without requiring a co-signer, collateral, or US credit history because our proprietary credit algorithm focuses on future potential. MPOWER disburses payments directly to the university on behalf of the students to pay for tuition or university-sponsored services like housing, meal plans, or health insurance. Students start paying back the loan within 6 months after graduation. The loan comes with interest discounts, free personal finance education courses, credit-building, and a job placement service for the students.
At Sweep, they believe everyone deserves a path to financial independence. Their mission is to help people plan for the future, grow savings and better direct their money so they can live easier and more enjoyable lives.
Livewire is a marketplace and directory that facilitates connections between individuals and financial and tax professionals through an online platform. It operates as a SaaS-based service aimed at remotely preparing taxes. The company enables independent tax preparers and tax stores to interact with clients via video conference, chat, or phone calls. This functionality allows clients to upload and share relevant tax documents, ensuring they receive expert assistance in filing their tax returns efficiently. Additionally, Livewire features a Q&A forum that enhances the user experience by providing immediate access to tax-related inquiries and expert advice.
Billpocket convierte tu smartphone o tablet en una terminal punto de venta. Ya no tienes que esperar al banco y pagar exageradas cuotas de mantenimiento, fianzas y papel para poder cobrar con tarjeta. Simplemente necesitas una cuenta bancaria a donde puedas recibir tus cobros con tarjeta de débito y crédito.
Yotepresto is a rapidly growing Mexican marketplace lending platform that connects individual and institutional investors with near-prime borrowers seeking personal loans. The company operates an online lending platform that facilitates the connection between borrowers and retail as well as institutional investors. Yotepresto specializes in unsecured personal installment loans and employs a proprietary scoring model to analyze and assess risk, which helps define interest rates for each customer. This innovative approach enables clients to effectively crowdfund their loans, making it easier for borrowers to access the funds they need.
WiseBanyan is the world's first free financial advisor. It helps people save and invest for their goals, starting with their very first dollar --- for free. Launched in 2014, WiseBanyan provides automated goal-based investing and automated financial planning, all with no minimums. Today, there are over 25,000 people using it to save and invest over $5.5 billion in goals.