Updated Mar 30, 2019
26% of MSMEs in the region are credit-constrained, this means that around 7mi of them have difficulties to access FinServs, amounting a finance gap of US$1,9 trillion [US$ 25 billion in Peru only] since around 70% don't keep records of sales and financials. This situation is due to the high degree of informality (80%) and low use of Finservs (6,5%). No access to FinServs sets a barrier to grow businesses.
The digitalization of daily behaviors, making it easier and friendlier for the user to be part of the the formal economy by: (i) Automating financial organization with a safe integration to their bank accounts or providing them with their first digital account; (iii) Offering a financial decision-making tool to set our users for success to achieve financial goals on a fast track; (iv) Executing an AI-based credit scoring indicator to increase trustworthiness.
|Projected Cumulative Lives Impacted||72,000|
|New Implemented Countries||Peru|
Julio, expert in developing digital user-centered solutions . MIT D-Lab Fellow studying behavioral theory and scalable technologies towards finclusion. Cynthia, founder of Green Octopus, marketer & innovation specialist. Gabriel, founder of Redar Peru and ORG to improve financial inclusion in Peru's rural areas. Cesar, over 35 years in the Peruvian financial sector. Pedro Rodrigues, experienced in technology-based projects for large companies that go from retail to the financial sector.
EXECUTIVE TEAM INCLUDES WOMEN