A large segment of the market in highly populated countries in Africa, Asia, and LATAM are still being disconnected from formal financial services as they are considered “high risk” by traditional banks. The problem is a result of lack of distribution systems (e.g. internet access, agent network), identity/address verification, credit risk models, etc.
We are providing credit-led financial services available to people in the informal sector in developing markets by leveraging technology such as facial recognition and geolocation to verify identities and addresses respectively, together with an alternative credit scoring system for micro-credits.
Please follow our live pitch deck and progress at https://www.fettlegroup.com/finance/pitchdeck