FinAccess

What they do:

FinAccess is a B2B SaaS business which operates as a platform as a service for Microfinance institutions (“MFI”).

They have developed a cloud-based core banking platform designed to provide the core digital infrastructure to microfinance institutions in growth markets to enable them to grow and provide a higher quality user experience for their underlying credit recipients.

The company's platform provides end to end information technology for the credit process of a MFI from conception, deployment to maintenance, enabling microfinance institutions to reduce costs, improve efficiency and to scale-up especially for rural populations.

Why we invested:

Market : $13 billion loan book of all MFI’s operating in Africa

Product: Embedded credit scoring modules which is highly relevant for low-income credit provision

The Founder:

Barclay Okari is the founder of Finaccess

Active in:

Kenya