Digital Finance, Economic Empowerment and Refugees
Digital Finance, Economic Empowerment and RefugeesSEE LESS
The UN has designated over 68 million people as forcibly displaced, with another 100 million at risk. Often their only option is to forfeit value or carry cash across borders, which is dangerous, inconvenient, and expensive to exchange. Refugees often rely on remittances but lack a way to receive them safely. Lack of access to their own assets, friends and family willing to send money, and the formal financial system puts refugees at a disadvantage, causing them to lose their economic identity.
Leaf is a virtual bank for vulnerable populations crossing borders. Leaf stores and transports assets across borders from a mobile device—no smartphone required. Refugees/migrants can journey without cash. Friends and family abroad can contribute into the Leaf customer’s account. Leaf protects customers’ savings through blockchain technology without exposure to cryptocurrency. Leaf ultimately creates an economic identity by increasing customers’ access to funds and decreasing their dependency.
|Projected Cumulative Lives Impacted||74,000|
|New Implemented Countries||Ghana, Gabon, Congo, Republic of the, Congo, Democratic Republic of the, Cameroon, Burundi, Niger, Zambia|
|Recruit||3 developers, 4 sales/marketing, 1 country director, 1 risk manager, 10 community engagement agents|
|New Feature||Self-registration instead of peer-to-peer, new countries/expanded footprint, addition of Western Union locations for cash-in/cash-out|
Nat Robinson, Co-Founder and CEO, is the former CEO of Juhudi Kilimo, which provides micro-asset financing to rural smallholder farmers in Kenya. Nat is a Mulago Foundation Fellow and has a JD/MBA from Vanderbilt University. Tori Samples, Leaf’s Co-Founder and CTO, is a Data Architect and has fifteen years of personal experience working with resettled refugees in the US. She has an MBA from Vanderbilt. The rest of Leaf’s team includes local expertise, blockchain developers, and forex traders.
EXECUTIVE TEAM INCLUDES WOMEN