Updated Mar 29, 2019

Chris Czerwonka

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Mosabi empowers underserved populations with compelling mobile learning linked to financial inclusion.

On their phones, learners go through topics such as entrepreneurship, business skills and financial literacy through compelling, lightweight video lessons (available in major languages as well as hyper-local tribal languages). Our platform also uses game-ified quizzing, surveys, chatbots, and other messaging to drive meaningful engagement. Mosabi’s infrastructure analyzes user journeys in real ...
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On their phones, learners go through topics such as entrepreneurship, business skills and financial literacy through compelling, lightweight video lessons (available in major languages as well as hyper-local tribal languages). Our platform also uses game-ified quizzing, surveys, chatbots, and other messaging to drive meaningful engagement. Mosabi’s infrastructure analyzes user journeys in real time, prompting them about content based on their targeted profile and preferences. We gather engagement analytics and track how users demonstrate understanding of content, demonstrate behavior change – and then our algorithm generates creditworthiness ratings. Our partner financial institutions see insights on our B2B dashboard, including KYC information, e-learning performance insights, loan questionnaire data and our alternative credit score via API – and can then offer financial products to users more confidently and efficiently.
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Stage 4: Transition to Scale

Currently, we have live launches in Senegal (Société Générale) and Sierra Leone (Ecobank, UNCDF, FSD and Bank of Sierra Leone). We have had pilot launches in Ghana (CGAP, World Bank, FHI 360, Ecobank and several MFIs), Kenya (Tala), Liberia (government, USAID and FHI 360) and Paraguay (Fundación Paraguaya).

Focus Areas:

Digital Finance, Non-formal Education (OOS/ALP) and Social & Micro Finance

Digital Finance, Non-formal Education (OOS/ALP) and Social & Micro FinanceSEE LESS

Implemented In:

Kenya, Paraguay, Ghana and 5 MoreSEE ALL

Kenya, Paraguay, Ghana, Liberia, Sierra Leone, Senegal, Mexico and IndiaSEE LESS

2
Key Partners
8
Countries Implemented In
20,000
Customers
5
Employees
$215,000
Funds Raised to Date

Problem

Mosabi envisions a world where everyone has the tools and skills to improve their livelihoods, and where education and access to financial products are available to all. Economic exclusion prevents this vision becoming a reality. Half of the world’s economy is informal, and 1.7 billion people around the world are unbanked. Cyclical poverty often persists among the underserved due to a lack of financial literacy and a lack of financial access. Critically, even the banks and financial firms that could serve them lack the tools to do so efficiently.

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Solution

Mosabi is creating "the MBA for the rising billions" – we educate the underserved and connect them to financial service providers. Mosabi's compelling, mobile educational content targeted at improving livelihoods and building stable families among low-income, underserved populations in emerging markets. We link edtech and fintech by driving behavior change through incentives and calls-to-action. Our "secret sauce" is that we harness the analytics and provide alternative credit scoring – empowering learners to onboard to our partners' digital financial services and qualify for loans based on their journeys.

Target Beneficiaries

The Mosabi ecosystem links our institutional *customers* with end-user *learners*. Customers are partner financial institutions. The learners are emerging market citizens who are target clients of those institutions who use our mobile app to learn new topics and build new skills. Our human-centered design approach is designed to bridge digital and gender divides, drive smartphone onboarding and provide a compelling, engaging mobile experience. Our customers are organizations with strategic priorities for financial inclusion in emerging markets of Africa, Latin America and Asia. Financial sector verticals includes banks, microfinance, insurance companies, telecoms and fintechs.

Mission and Vision

Mosabi envisions a world where everyone has the tools and skills to improve their livelihoods, and where education and access to financial products are available to all. Our mission is unlocking financial opportunities for underserved populations through innovative learning in emerging markets.

Competitive Advantage

Across the fintech and edtech sectors, Mosabi is unique because of its scaling potential and holistic approach. There are no other edtechs in our target markets who connect learners to financial institutions, nor are there credit scoring fintechs who provide training. Some big data competitors do invasive harvesting, which could discourage adoption and are currently causing regulatory hurdles in various key markets. Our unique approach means close competitors can also be our closest allies – other fintechs have been some of our biggest customers!

Planned Goals and Milestones

Over the next 12 months we will be expanding our live launches in Sierra Leone, Senegal and Mexico – with 100k learners by the end of the year. Before Q4 of 2019 we also plan to initiate our first launch in Asia, in India. As we emerge from the next 12 months we hope to be planning launches in more than two dozen African countries with through our partnerships with the continent's biggest multinational banks.
Funding Goal1,500,000
Projected Cumulative Lives Impacted1,000,000
New Implemented CountriesMexico, India
Recruit2 management team positions, 6 global advisory board members, 8 field operations staff
New FeatureExpanded curriculum, new API integrations with bank and microfinance core banking systems, chatbot interaction in hyper-local languages

The Team Behind the Innovation

Our group of founders came together after collective decades pursuing global development impact. CEO John co-founded the Impact Hub in Ghana after 10 years in education in Africa. Chris, Chief Innovation Officer, was with Deloitte for a decade and then led microfinance sector initiatives. CCO Kayee applied Hollywood animation expertise to financial literacy training. COO Julie localized MyFitnessPal globally in 19 languages. CTO Dan has a PhD in artificial intelligence and cognitive analytics.

EXECUTIVE TEAM INCLUDES WOMEN

Milestone

Sep 2019
New Country Implemented In
India
Feb 2019
New Country Implemented In
Mexico
Mar 2016
Created

Supporting Materials

Mosabi-April-2019-overview-deck-appendix-compressed.pdf
Mosabi-s-Impact-Theory-of-Change.pdf