Best Under-banked or Emerging Market Solution
Ovamba is a venture backed, 4 year old Fintech company providing growth as a service to SME’s in Frontier African and Middle Eastern countries – working to plug a $1.3 Trillion credit Gap among SME’s in the region; creating SME investment for the first time as a viable investment class within the African / Middle Eastern context. We have generated an economic impact of more than €132MM over 3 years of operations in our Central African hub alone.
At BillMo, we believe that digital payments and financial transactions are essential for personal economic progress, particularly for individuals who primarily live in a cash economy. Our mission is to bring the opportunity and freedom of low cost digital financial services to the millions of smartphone users – initially in Mexico and ultimately throughout all of Latin America and the Caribbean – whose spending remains primarily, or entirely, cash-based.
As one of the first in the industry to develop a risk-based pricing model focused on nonprime credit, Elevate is leading the next generation of more responsible online credit providers. Elevate’s proprietary automated underwriting capabilities allow us to make data-driven loan decisions in seconds, conveniently serving customers when they need it most. Additionally, each of Elevate’s products provides a number of consumer friendly features and financial wellness tools that are unmatched in the industry.
PayActiv’s financial network changes the velocity of money as it flows between employer and employee. This helps low to moderate income employees avoid the expense of predatory loan products and get on a ramp towards financial security. Employees can manage their day to day financial issues through the timely access of already earned wages. PayActiv is an employer sponsored wellness benefit much like healthcare but doesn’t cost anything to the employer.