Clip combines a card reader plug-in for smartphones with an innovative back-end risk management platform to enable nearly any merchant in Mexico to accept credit cards. Clip can transform the economics of card acceptance for the millions of micro- and small enterprises across Latin America that currently rely entirely on cash.
Coda Payments operates a transaction-processing platform enabling customers to make purchases (particularly of “digital goods”) through a deduction against mobile phone airtime. Coda Payments is currently live in Indonesia and can unlock the potential of e-commerce for the 90 percent of the market that lacks access to a credit or debit card but has access to a mobile phone.
DemystData uses a proprietary technology platform to help financial institutions tap into the explosive growth of online, social and internal data to make better customer decisions. Using analysis of this “big data,” Demyst customers (including global banks, online lenders and card issuers) are better and more responsibly lending to “thin-file” and underbanked customers.
eMoneyPool is an online platform for traditional savings groups (practiced widely around the world and known by various names like Tanda, Susu, ROSCA, chit fund, etc). Savings groups allow friends and family to save and borrow small amounts of money together. eMoneyPool automates the entire process through an online marketplace model, reducing group administration costs and time, enabling groups to be spread over wide geographical areas, and encouraging participants to form pools with those outside their immediate network.
GO Finance is a Tanzanian-based alternative SME lender providing working-capital finance to small businesses in local product distribution value chains. The company leverages digital data and mobile money channels to more effectively underwrite and manage loans for the highly underserved SME market in East Africa.
Kopo Kopo, based in Nairobi, is the world’s first mobile money merchant acquisition platform, making it easier for small merchants to accept mobile money from customers to purchase goods and services. Kopo Kopo has operations across Kenya, Tanzania, and Rwanda.
MeraDoctor provides a comprehensive health protection product to low-income Indians, combining 24/7 “doctor-on-call” helpline services with health insurance products to protect its customers from poverty-inducing health shocks.
Quippi aims to replace high-priced traditional remittances to families in Mexico with PIN-based gift cards redeemable at local retailers (grocers, clothing stores, convenience stores, etc.). By charging the retailers a fee, Quippi radically shifts the remittance business model, making cross-border value transfers free for senders and recipients.
RevolutionCredit is a unique platform which allows consumers to watch short and entertaining financial literacy videos to demonstrate and improve their financial capabilities – like a “Traffic School for Credit.” It allows financial institutions to identify more creditworthy customers, extending access to a wider range of financial services at better prices.
SaludFÁCIL offers low-income customers access to affordable credit to cover their healthcare and medical costs in Mexico, addressing the need for quality and affordable care in a market in which few customers have access to traditional health insurance.
StreetShares is an online Peer-to-Peer lending site that connects U.S. investors directly with small and medium sized business borrowers. It connects investors and borrowers from within the same communities (starting with veterans) through an innovative affinity-based marketing strategy and flexible online bidding platform.
Varthana provides specialized loans and other support to affordable private schools in India, promoting access to and quality of education for India’s poor and emerging middle class.