Most Accessible Under-banked Solution
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.
Our offering is a digital banking solution tailored to internationals, this solution works with and connects to existing infrastructure. See internationals living in a different country from their origin, say indians or filipinos living in israel need three different financial institutions in order to complete a transaction, to pay for a bill, to move money. Their financial offerings and products are only the ones available to them by language, access and physical location. Our solution connects between financial infrastructure around the world to give our customers banking and payments as if there were no borders.
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.