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How FinTechs can Leverage APIX
PROBLEM STATEMENTS
Unlocking Cross-Border Digital Identity and Financial Data
Millions of Africans in the diaspora face exclusion from financial services due to lack of verifiable identity and accessible credit data. How can we enable secure, privacy-preserving digital identity and cross-border financial data portability
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80 / 1,870 FinTechs and Counting
Aarin is specialized in embedded and open finance, offering a distinctive 360° approach. Seamlessly blending technology, regulation, and services. We offer services from core banking to user interfaces, always focused on delivering the full transformation and profit Fintech can bring.
Aeloi is a software that monitors the end-use of microfinance business loans in real-time. We automate the costly process of field loan monitoring using digital tokens, a form of credit only usable at accredited vendors.
A smartphone connected to internet is what everyone of us needs for essential civic & cultural participation in today’s digital world. We’re here to narrow the gap of 75% of Africans unable to afford a smartphone under the current market conditions. With our smart loans we already helped over 10,000 entrepreneurs across Zambia, Nigeria and Kenya get access to smartphones and develop their day-to-day business.
Banyan is a loan lifecycle and risk management data platform for financial institutions that originate, service, and securitize loans to renewable energy and other distributed infrastructure projects.
One stop digital platform for SMEs to manage and forecast cash flow, plan scenarios and raise funds with speed and certainty.
Bharat Financial Inclusion Limited (BFIL) is a leading player in the financial services industry offering asset and liability product solutions from IndusInd Bank. We were incorporated in 1998 to offer microfinance loans to customers. Following our merger with IndusInd Bank in July 2019, we are now a 100% wholly owned subsidiary of the Bank. We continue to enjoy market dominance in the microfinance space, while continuing to expand by offering other banking products to our customers.
BharatPe was co-founded by Ashneer Grover and Shashvat Nakrani in 2018 with the vision to make financial inclusion a reality for Indian merchants. BharatPe launched India’s first UPI interoperable QR code, first ZERO MDR payment acceptance service, and first UPI payment backed merchant cash advance service. In 2020, post-Covid, BharatPe also launched India’s only ZERO MDR card acceptance terminals – BharatSwipe. Currently serving over 50 lakh merchants across 35 cities, the company has grown business 30x in 2019 and is a leader in UPI offline transactions, having processed 5 crore+ UPI transactions a month (annualized TPV of US$ 5+ Bn).
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