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.
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.
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.
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.